Downey, CA 90242,8531 Cole ST
Downey, CA 90242,8531 Cole ST
Downey, CA 90242,8531 Cole ST
Downey, CA 90242,8531 Cole ST
Downey, CA 90242,8531 Cole ST
Downey, CA 90242,8531 Cole ST
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$1,173,000

$975,900

20.2%
Est.Price: ?

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Est. payment /mo

9,321 Sqft Lot


SOLD DATE : 05/31/2024

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

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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California Regional MLS (CRMLS)
Listed by Andrew Willoughby • Coldwell Banker Realty
Bought with Sandra Feliciano • KSREINV Inc.

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