8221 3Rd StDowney, CA 90241
- Healthcare properties
- 23,688 SF
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
- Healthcare properties
- Property subtype
- Medical offices
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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