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8531 Cole ST Downey, CA 90242
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Key Details
Sold Price $1,173,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24080985
Sold Date 05/31/24
HOA Y/N No
Year Built 1956
Lot Size 9,321 Sqft
Property Description
Rare Opportunity in Highly Desired Area of Downey! This duplex offers TWO standalone houses plus a bonus potential standalone studio-all nestled in the highly sought-after area of Downey. Immediate Occupancy: Ready to move in and make it your own! Whether you're eager to settle into your new home or start generating rental income right away, this property is available for immediate occupancy—no waiting required. Two Standalone Houses: The front house is currently configured as a 2 bed, 2 bath (with the option to convert back to a 3 bedroom prior to close), boasting approximately 1,333 square feet of living space. With amenities like an inside laundry area, new A/C unit, cozy fireplace, and covered patio, this will make for a great home or investment. The back house is a charming 1 bed, 1 bath retreat with approximately 606 square feet of living space. Featuring granite countertops, laminate flooring, another inviting fireplace, and inside laundry, it's perfect for tenants or extended family members seeking privacy and comfort. Spacious Lot: Situated on a large lot, this property offers ample space and endless possibilities. With a 2-car garage, covered patio, and expansive grass area, there's plenty of room for outdoor entertaining, gardening, or simply soaking up the California sunshine. Bonus Potential Studio: Need a space for your creative pursuits or possibly more rent? It’s a potential bonus standalone studio, offering approximately 200 square feet of versatile space you can potentially bring to life. Convenient Location: Close to shopping, freeway access, and all the amenities Downey has to offer, this property combines the tranquility of suburban living with the convenience of city life. Don't Miss Out! Seize this rare opportunity to own a piece of Downey's vibrant real estate market. Schedule your showing today and discover why this duplex is the perfect place to call home—or the smartest investment you'll make all year!
Location
State CA
County Los Angeles
Area D4 - Southeast Downey, S Of Firestone, E Of Downey
Zoning DOR1&HFB*
Interior
Interior Features Ceiling Fan(s), Granite Counters, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Heating Forced Air
Cooling Central Air
Flooring Carpet, Laminate
Fireplaces Type Living Room
Fireplace Yes
Laundry Inside
Exterior
Garage Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Block
Pool None
Community Features Curbs
Utilities Available Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Parking Type Driveway, Garage
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Front Yard, Lawn, Landscaped, Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6258010048
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Sandra Feliciano • KSREINV Inc.