Bought with Ryan Meltcher • Impact Real Estate
$755,000
$950,000
20.5%For more information regarding the value of a property, please contact us for a free consultation.
8122 Cheyenne Avenue Downey, CA 90242
1,418 SqFt
Key Details
Sold Price $755,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,418 sqft
Price per Sqft $532
MLS Listing ID CRDW25188445
Year Built 1926
Lot Size 5,404 Sqft
Property Sub-Type Duplex
Property Description
Fixer Opportunity with Huge Upside in Downey! Listed at $790,000, this duplex is ideal for both investors and first-time buyers looking to build equity. Each unit is approximately 707 sq. ft. - one is legally a 1 bedroom, 1 bath, while the other is a 2 bedroom, 1 bath. With some updates and improvements, this property offers a significant after-repair value (ARV) potential, making it a smart investment with strong upside. First-time buyers can live in one unit while renovating and renting out the other, helping to offset costs while building long-term wealth. Investors will appreciate the value-add opportunity to modernize the property and maximize rental income. Conveniently located near schools, shopping, dining, and commuter routes, this duplex is a rare chance to buy low, improve, and profit in a sought-after Downey neighborhood.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Laminate, Carpet
Laundry Inside
Exterior
View None
Building
Lot Description Other
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