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8531 Cole Street, Downey, CA 90242
$1,173,000
8531 Cole Street, Downey, CA 90242View this property at 8531 Cole Street, Downey, CA 90242
8531 Cole StreetDowneyCA90242
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Property Description
Rare Opportunity in Highly Desired Area of Downey! This duplex offers TWO standalone houses plus a bonus potential standalone studio-all nestled in the highly sought-after area of Downey. Immediate Occupancy: Ready to move in and make it your own! Whether you're eager to settle into your new home or start generating rental income right away, this property is available for immediate occupancy-no waiting required. Two Standalone Houses: The front house is currently configured as a 2 bed, 2 bath (with the option to convert back to a 3 bedroom prior to close), boasting approximately 1,333 square feet of living space. With amenities like an inside laundry area, new A/C unit, cozy fireplace, and covered patio, this will make for a great home or investment. The back house is a charming 1 bed, 1 bath retreat with approximately 606 square feet of living space. Featuring granite countertops, laminate flooring, another inviting fireplace, and inside laundry, it's perfect for tenants or extended family members seeking privacy and comfort. Spacious Lot: Situated on a large lot, this property offers ample space and endless possibilities. With a 2-car garage, covered patio, and expansive grass area, there's plenty of room for outdoor entertaining, gardening, or simply soaking up the California sunshine. Bonus Potential Studio: Need a space for your creative pursuits or possibly more rent? It's a potential bonus standalone studio, offering approximately 200 square feet of versatile space you can potentially bring to life. Convenient Location: Close to shopping, freeway access, and all the amenities Downey has to offer, this property combines the tranquility of suburban living with the convenience of city life. Don't Miss Out! Seize this rare opportunity to own a piece of Downey's vibrant real estate market. Schedule your showing today and discover why this duplex is the perfect place to call home-or the smartest investment you'll make all year!
Full Property Details
Full Property Details for 8531 Cole St
General
- Sold For: $1,173,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PW24080985
- Added to Site: 47 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom
- Interior Features: Ceiling Fan(s), Granite Counters
- Fireplace(s): Living Room
- Flooring: Carpet, Laminate
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 2
- Parking Features: Driveway, Garage
- Parking: Driveway, Garage
Location
- Area: D4 - Southeast Downey, S of Firestone, E of Downey
- County: Los Angeles
- Development Name: D4 - Southeast Downey, S of Firestone, E of Downey
- Driving Directions: from 105 fwy, North Lakewood, left Imperial, Right Brookshire, Right Cole
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Roof: Composition
- Entry Location: First Floor
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,961
- Year Built: 1956
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: None
- Lot Size (Acres): 0.214
- Lot Size Source: Assessor
- Zoning: DOR1&HFB*
- Lot Description: Back Yard, Front Yard, Landscaped, Lawn, Lot 6500-9999, Level
Financial Considerations
- Price Per Sq. Ft.: $598.16
- Price Per Unit: 487950
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
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Schools
Schools serving 8531 Cole St
School District:Downey Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
8613 Alameda St, Downey, CA 90242 | K-3 | 0.3 mi | |
Carpenter Elementary School
9439 Foster Rd, Downey, CA 90242 | 4-5 | 1.4 mi | |
12500 Birchdale Ave, Downey, CA 90242 | 6-8 | 0.7 mi | |
11040 Brookshire Ave, Downey, CA 90241 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8531 Cole St
Date
Details
Price
Change
Source
5/31/2024
Sold
$1,173,000
20.2%
MLS
4/23/2024
Listed
$975,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8531 Cole Street, Downey, CA 90242 (MLS# PW24080985) is a Multi-Family property that was sold at $1,173,000 on May 31, 2024. This property was listed by Andy Willoughby from our Yorba Linda Office.Want to learn more about 8531 Cole Street? Do you have questions about finding other Multi-Family real estate for sale in Downey? You can browse all Downey real estate or contact a Coldwell Banker agent to request more information.