10717 Lakewood Boulevard, Downey, CA 90241

Property Description

Don't miss this great opportunity. This property currently has a R3 and R1 in the back. The city of Downey allows for 5 condominiums or town houses with 1900+ sqft. In Downey properties are selling for $600+ per Sqft. Its a great return. The property sitting is on 11000 +/- Lot. This is a diamond in the rough. Currently has 2 small SFR with a lot of Potential to build multi units apartment, condominiums, townhomes. There apartment buildings are around this property. This is a great place to have a business, such as sober living, senior living, they care and AirBNB. Walking distance to Stonewood Mall, such as Macys, JCP,a lot of restaurants, coffee shops, banks, you don't a car to get around this neighborhood, no land left in this area. property is sold as is condition. Buyers and buyer agent needs to do their own diligence with city hall. Seller is related to the listing agent.