12 Unit Entitled Town Home Development Hits the Market For Sale - Downey
Updated: Oct 1, 2019
Cushman & Wakefield, as the exclusive listing agent, is
pleased to present 7224 Florence Avenue, currently a six-unit
multifamily property located in the City of Downey,
California. The units consists of ground level units all that
are all separated. The property received minor upkeep.
Each unit is separately metered for gas & electricity and all
units have individual water heaters. The property has been entitled
and approved for a 6 Building, 12 Town home development, each unit roughly 1,700 SqFt
with 2 car garages. Plans in place and already approved to build giving
this property huge potential upside.
This property is in a good central Downey location
right off Garfield Ave, which is a major street. Within walking
distance, tenants have access to major retail centers that
consist of the most popular restaurants and shops in
Downey. The property is also in close proximity to
CA-710 & I-5 Freeways, which allow tenants easy access to
nearby attractions such as Disneyland, Honda Center and
Angel Stadium and Los Angeles.