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7132 Dinwiddie Street, Downey, California 90241, Downey, 90241 - bed, bath

7132 Dinwiddie Street, Downey, California 90241 home-pic-0
ACTIVE$1,800,000
7132 Dinwiddie Street, Downey, California 90241
0Bed
0Bath
3,925Sqft
16,273Lot
Year Built
1954
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$459
HOA
-
Days on market
-
Sold On
-
MLS number
DW25063182
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.80M(71th), sqft - 3925(71th), beds - undefined(50th), baths - undefined(50th).

A unique opportunity awaits for an owner-occupant or investor seeking a prized property in the city Downey part of the "Gateway Cities". This triplex boasts potential for versatility, physically and functionally. The back house will be delivered vacant. Each unit features a distinct layout, rendering this property exceptionally versatile. The front unit comprises 3 bedrooms and 2 bathrooms, while the middle unit features 3 bedrooms and 2 bathrooms. The back unit boasts 3 bedrooms and 2 bathrooms; inquire about bonus areas within the units. The 16,268 Lot size is an ample space for plenty of parking. Some key upgrades include: bathroom remodels, outdoor BBQ, window & car awnings-back unit, automatic gate opener and much more. 13 mi (21 km) southeast of Downtown Los Angeles.

Nearby schools

5/10
Rio Hondo Elementary School
Public,•K-5•0.9mi
7/10
Price Elementary School
Public,•K-5•1.7mi
8/10
Gallatin Elementary School
Public,•K-5•2.2mi
7/10
Rio San Gabriel Elementary School
Public,•K-5•2.5mi
7/10
Studebaker Elementary School
Public,•K-5•3.5mi
6/10
Lakeview Elementary School
Public,•K-5•3.8mi
7/10
Griffiths Middle School
Public,•6-8•1.6mi
5/10
Sussman Middle School
Public,•6-8•2.2mi
6/10
Doty Middle School
Public,•6-8•2.5mi
7/10
Lakeside Middle School
Public,•6-8•3.5mi
7/10
Lake Center Middle
Public,•6-8•4.2mi
7/10
Warren High School
Public,•9-12•1.3mi
7/10
Downey High School
Public,•9-12•1.6mi
8/10
Santa Fe High School
Public,•9-12•3.7mi

Price History

Date
Event
Price
02/09/12
Sold
$665,000
Condition Rating
Fair
Built in 1954, this property shows signs of regular upkeep and some updates, particularly in the kitchen and bathrooms. The kitchen features modern stainless steel appliances and decent cabinetry, while the bathrooms have updated vanities and appear clean. However, the style of some updates (e.g., bathroom tile, ceiling fans) suggests they are not brand new, likely falling into the 10-20 year old range. The property's age and the lack of comprehensive information regarding major system upgrades (HVAC, electrical, plumbing) indicate potential for aging infrastructure, aligning with the 'Fair' category where major components are functional but show signs of being outdated and may require minor updates or repairs in the near future.
Pros & Cons

Pros

Income-Generating Triplex: The property is a triplex, offering three distinct units for strong rental income potential, appealing to both investors and owner-occupants.
Versatile Investment Opportunity: Its multi-unit nature makes it highly versatile, suitable for an owner-occupant looking to offset mortgage costs or a pure investor seeking multiple revenue streams.
Substantial Lot Size: A generous 16,268 sqft lot provides ample space for parking, outdoor amenities, and potential for future expansion or landscaping improvements.
Desirable Unit Configuration: All three units feature a sought-after 3-bedroom, 2-bathroom layout, maximizing tenant appeal and rental value in the market.
Immediate Vacancy & Recent Enhancements: The back unit will be delivered vacant, allowing for immediate owner occupancy or rental income, complemented by recent bathroom remodels and other listed upgrades.

Cons

Property Age & Potential for Systemic Issues: Built in 1954, the property is older, suggesting a higher likelihood of aging infrastructure and potential for significant maintenance or system replacements beyond the noted cosmetic upgrades.
Unspecified 'Bonus Areas': The mention of 'bonus areas within the units' without further clarification could imply unpermitted spaces or areas not up to current code, posing potential legal or financial risks.
Lack of Comprehensive System Upgrade Details: While some upgrades are listed, the absence of information regarding major system updates (e.g., roof, electrical, plumbing, HVAC) implies potential for significant future capital expenditures.

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