8612 Stewart And Gray Road, Downey, CA 90241

$770,000 Asking Price

3 beds
2 baths
1,262  sqft
Built in 1950

Incredible income opportunity with a new price adjustment in Downey! Just 2 blocks from Downey Landing, live in one unit and rent the other. The main house offers a spacious living room filled with natural light from large windows. The kitchen offers ample storage space, and a laundry area. It also features two comfortable bedrooms and 1 bath. Hardwood floors and generous lighting add warmth throughout the home. The 3rd bedroom is permitted as a recreational room which has been modified into a 2nd unit with a private bathroom and kitchenette, and has access to a small private court yard, perfect for Air B&B or a longer term tenant. As if that is not enough there is also a detached garage for a potential ADU. The backyard offers plenty of space for parking with an automatic gate for security. Come and discover a plethora of opportunity in the heart of Downey.

Features & Amenities

Interior

General:
Ceiling Fan(s),Laminate Counters,Recessed Lighting
Appliances:
ENERGY STAR Qualified Appliances,Gas Oven,Gas Range,High Efficiency Water Heater,Tankless Water Heater
Laundry:
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside,In Kitchen,Stacked
Flooring:
Wood
A/C:
true, ENERGY STAR Qualified Equipment,High Efficiency,Wall/Window Unit(s)
Heating:
true, Wall Furnace
Fireplace:
None
Eco/Green Feature:
Appliances

Exterior

General:
None
Pool:
None
Parking:
Door-Single,Driveway,Electric Gate,Electric Vehicle Charging Station(s),Garage,Gated,Garage Faces Rear,RV Access/Parking, Parking spaces: 5

Construction

General:
1

Location

HOA Amenities:
0.0
Originating MLS:
CRMLS
School District:
Downey Unified
County:
Los Angeles

Lot

Zoning:
DOR15000*, 6258011051
View:
None

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
CRMLS

This listing courtesy of:
Redfin Corporation, Collette Canepa

About Downey, CA

Housing

Number of Units
34,487
Median Home Value
$585,013
Median Rent
$1,488

51.49% of housing units are renter occupied.

3.09% are vacant.

Commute

Car
80.62%
Public Transportation
2.48%
Walk to Work
1.43%
Work from Home
14.30%
Other
0.53%

The median travel time to work is 30 minutes.

People

Population
111,481
Median Age
35.20
Median Household Size
3.37

Education

High School
25.25%
Associate’s Degree
8.77%
Bachelor’s Degree
17.26%
Graduate Degree
7.73%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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