8029 Priscilla Street, Downey, California 90242, Downey, 90242 - 3 bed, 3 bath
ACTIVE$899,995
8029 Priscilla Street, Downey, California 90242
3Beds
3Baths
1,215Sqft
5,413Lot
Year Built
1948
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$741
HOA
-
Days on market
-
Sold On
-
MLS number
SR25109588
Home ConditionGood
Features
ViewNeighborhood
About this home
We found 4 Cons,5 Pros. Rank: price - $900.0K(29th), sqft - 1215(43th), beds - 3(57th), baths - 3(57th).
Unique opportunity to own a Beautiful Tripex property with 3 DETACHED UNITS, each having one bedroom, one bathroom, kitchen, and common area. Property is located in highly desirable Downey and close proximity to parks, schools, dining, shopping centers, golf course, and major freeways. All units are turnkey and have been tastefully renovated inside and out including the bathrooms, kitchens, flooring, interior/exterior paint and much more. This is a perfect property for investors. Don’t miss out on this gem!
Price History
Date
Event
Price
06/13/25
Sold
$700,000
07/29/16
Sold
$492,500
02/14/12
Sold
$310,000
Condition Rating
Good
This triplex, built in 1948, has undergone extensive and tasteful renovations, making all units turnkey and move-in ready. The kitchens feature modern white shaker cabinets, light countertops, stainless steel sinks, and newer appliances (black gas range, stainless steel microwave). Bathrooms are updated with white vanities, toilets, and clean shower/tub combos, complemented by new tile flooring. Throughout the living areas, new wood laminate/vinyl plank flooring and fresh paint contribute to a modern aesthetic. While the cosmetic updates are significant and recent, the property's 1948 build year suggests an underlying older infrastructure, which, despite renovations, may not be entirely new or within its expected lifespan, preventing an 'Excellent' rating. However, the property's current condition is well-maintained and requires no immediate repairs or updates.
Pros & Cons
Pros
Income Potential: This triplex property features three detached units, offering significant rental income opportunities and making it an attractive asset for investors.
Extensive Renovations: All units are turnkey and have been tastefully renovated inside and out, including kitchens, bathrooms, flooring, and paint, which minimizes immediate capital expenditure for a new owner.
Prime Downey Location: Situated in a highly desirable area of Downey, the property boasts excellent proximity to parks, schools, dining, shopping centers, golf courses, and major freeways, enhancing tenant appeal and property value.
Tenant Privacy: The detached nature of each unit provides superior privacy for residents, a highly sought-after feature in multi-family dwellings that can command higher rents and attract quality tenants.
Strong Investment Profile: Explicitly marketed as a 'perfect property for investors' in a robust rental market like Downey, indicating high demand and potential for long-term appreciation.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-06-13. The sold price is $700,000.00.
Compact Unit Footprint: With a total of 1215 sqft for three units, individual 1-bedroom units are relatively small (~405 sqft each), which may limit the tenant demographic or rental income ceiling compared to larger units.
Aging Infrastructure Risk: Despite recent cosmetic renovations, the 1948 construction year suggests underlying older infrastructure (e.g., plumbing, electrical systems, foundation) that may require future capital expenditures not covered by superficial updates.
Lack of Financials: The listing does not provide current rental income, occupancy rates, or operating expenses, which are crucial for investors to perform a comprehensive financial analysis and determine the property's true cash flow potential.