8531 Cole Street
Downey, CA 90242

  • – beds
  • – baths
  • – sqft
  • 9,321 sqft lot
  • 1956 build
  • on site

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!

California Regional MLS logo Listed By CRMLS_CA / Andrew Willoughby / Coldwell Banker Realty / 714-932-4588

Last checked: Checking… • Last updated May 3, 2024 •

MLS# PW24080985 —

This property is listed in more than one place. See it here.

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Sale history

Date Event Source Price % Change
5/3/24
Pending CRMLS_CA $975,900
4/23/24
Listed / Active CRMLS_CA $975,900

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Multifamily

$975,900

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Listing provided by broker:

Andrew Willoughby

Coldwell Banker Realty

714-932-4588

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This multifamily located in Southeast La, Downey, CA 90242 is currently pending sale for $975,900. 8531 Cole Street is a – square foot multifamily with – beds and – baths that has been on Estately for 12 days. 8531 Cole Street is in the Southeast La neighborhood of Downey and has a WalkScore® of 73, making it very walkable. This multifamily is in the attendance area of Alameda Elementary School, Sussman Middle School, Downey High School, and Carpenter Elementary School.

California Regional MLS logo Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 15:38 on May 05.

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