8221 3Rd StDowney, CA 90241

Property Details for 8221 3Rd St

Year built

1962

Construction

STEEL FRAME

Lot size

0.43 AC

Property size (Sq ft)

23,688 SF

Zone code

DOC3*

Property type

Medical offices

Property subtype

Medical centers

APN

6254-007-013

APU

6254007013

Description

This exceptional commercial land parcel, located at 8221 3rd Street in Downey, California, presents a unique investment opportunity. Priced competitively at $55,000, this special-purpose property offers significant potential for a variety of commercial ventures. Situated in Los Angeles County, zip code 90241, the property's precise coordinates are 33.9426444 latitude and -118.1328906 longitude. The land is designated as "Commercial, Other" and is currently unimproved, offering a blank canvas for development tailored to specific business needs. The absence of existing units allows for complete design flexibility and customization. This is an ideal location for entrepreneurs seeking a strategic foothold in the thriving Downey market. The property's size and zoning regulations should be independently verified to ensure compatibility with intended use. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. This is a rare chance to acquire a commercially zoned lot in a desirable location at an attractive price point. Act quickly to secure this promising investment.

• CAP approach

  CAP return

  Valuation

  6%

  $6,805,242

  6.5%

  $6,281,762

  7%

  $5,833,064

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,504,510

  Geo Method

  $4,504,510

• Alternative Use

  Use

  Valuation

  Residential

  $7,789,385

  Hospitality

  $7,135,034

  Educational

  $5,936,265

  Medical

  $6,140,422

  Retail

  $9,234,190

Location Insight

City

Downey

County

Los Angeles

State

California

Latitude

33.9427

Longitude

-118.133

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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