Shant has accomplished another notable sale, successfully concluding a transaction for a 5-unit property in Downey, discreetly kept off-market. For more details, including interior photos, estimates of rental income, and operational expenses, feel free to contact us via email.

Transaction Highlights

• SOLD at an Impressive $359,000 Per Unit & 4.19% Cap Rate on Current Rents
• Shant Sherbetdjian Competed Against Other Agents by Fulfilling Seller’s Demands
• 1975 Construction| Oversized Two Bedroom Units | Total Building Size of 7,352 Rentable Sqft
• Seamlessly Closed Escrow Within 29 Days from Date of Acceptance
• Team Sherbetdjian Conducted an Aggressive Prospecting Campaign for the Buyer’s 1031 Exchange
• Shant Sherbetdjian's Dedication to Client Satisfaction Played a Key Role in Successfully Representing Both Buyer and the Seller in the Transaction

Investment Highlights

• Pride of Ownership Building in a Great Downey Location | Excellent Investment Property
• Oversized 2 Bedroom Units | Huge 1,470 SqFt Each Unit | Total Building Size of 7,352 SqFt
• Family Owned & Operated | First Time Being Offered For Sale in 25 Years!
• Strong In-Place Rents with Realistic Rental Upside Potential
• Opportunity to Add-Value | Separately Metered for Gas & Electricity
• No Local Rent Control | Property is Only Subject to AB1482
• Walking Distance to many Shops, Schools, Parks and Dining