7836 Stewart and Gray Rd
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7836 Stewart and Gray Rd
17 Unit Apartment Building $6,094,797 CAD ($358,517 CAD/Unit) Downey, CA 90241
Executive Summary
17-unit apartment building located in the city of Downey with no municipality rent control. First time ever on the market, the property has over 100% upside in rental income. The property has 7 units vacant and one with on-site manger. Buyer can upgrade units immediately and get full market rent. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed, 1 bath units. all units have in-unit laundry hook ups almost all units have central air and heat Good size building at over 15,000 square feet and 23,000 sq. ft. lot. Added value property.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$696,958
|
$45.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$38,720
|
$2.55
|
| Effective Gross Income |
$658,238
|
$43.39
|
| Taxes |
$76,185
|
$5.02
|
| Operating Expenses |
$41,588
|
$2.74
|
| Total Expenses |
$117,773
|
$7.76
|
| Net Operating Income |
$540,465
|
$35.62
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $696,958 |
| Annual Per SF | $45.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $38,720 |
| Annual Per SF | $2.55 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $658,238 |
| Annual Per SF | $43.39 |
| Taxes (CAD) | |
|---|---|
| Annual | $76,185 |
| Annual Per SF | $5.02 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $41,588 |
| Annual Per SF | $2.74 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $117,773 |
| Annual Per SF | $7.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $540,465 |
| Annual Per SF | $35.62 |
Property Facts
| Price | $6,094,797 CAD | Building Class | C |
| Price Per Unit | $358,517 CAD | Lot Size | 0.54 AC |
| Sale Type | Investment | Building Size | 15,171 SF |
| Sale Conditions | High Vacancy Property | Average Occupancy | 95% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Apartment Style | Low Rise |
| Price | $6,094,797 CAD |
| Price Per Unit | $358,517 CAD |
| Sale Type | Investment |
| Sale Conditions | High Vacancy Property |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 15,171 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.45/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $4,302 CAD | - |
| 2+1.5 | 10 | $19,718 CAD | - |
| 1+1 | 4 | $7,170 CAD | - |
| 2+1 | 2 | $4,840 CAD | - |
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PROPERTY TAXES
| Parcel Number | 6246-002-004 | Total Assessment | $913,168 CAD (2024) |
| Land Assessment | $236,343 CAD (2024) | Annual Taxes | $76,185 CAD ($5.02 CAD/SF) |
| Improvements Assessment | $676,825 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
6246-002-004
Land Assessment
$236,343 CAD (2024)
Improvements Assessment
$676,825 CAD (2024)
Total Assessment
$913,168 CAD (2024)
Annual Taxes
$76,185 CAD ($5.02 CAD/SF)
Tax Year
2025
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7836 Stewart and Gray Rd
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