8221 3Rd StDowney, CA 90241

  • Healthcare properties
  • 23,688 SF
For Sale
$55,000 View listing

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
8221 3Rd St, Downey, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$36,970
$430,345
$1,606,145
$2,036,490
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FAQs

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