Duplex with Detached
For Sale
$1,040,000
7245 Luxor, Downey, CA 90241
Two residences offer different bedroom and bathroom layouts, with a detached garage serving the property.
Property Size2,464 SF
Lot Size0.25 Acres
Price / SF$422.08
Days on Market28
Property Features for 7245 Luxor
General Information
Standard status
Active
Size
2,464 SF
Total Parking Spaces
2
Lot size
0.25 Acres
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
in need of alot of TLC
Units
Unit Mix
3BR/1BA, 4BR/2BA
Multifamily Units
2
Building Details
Building Size
2,464 SF
Year Built
1943
Buildings
2
Stories
1
Units
2
Listing Agency:
Dowling Realty Inc
Listed By:
Ana Cecilia Dowling · License #01456204
(818) 414-2689
Source:
Dowlingrealty
Added: Sep 29
Changed: Oct 26
Last Checked: Oct 26 at 3:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dowling Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1943, this duplex contains 2,464 square feet across two residences. One unit has 3 bedrooms, 1 full bathroom, a living room, and a fireplace; the other offers 4 bedrooms, 2 full bathrooms, and a spacious living room. Both units need substantial updating. A detached two-car garage is also on the property.
The 11,070-square-foot lot is described as having room for an ADU or Jr. ADU.
The 11,070-square-foot lot is described as having room for an ADU or Jr. ADU.
Key Highlights
- Two units: one with 3 bedrooms and 1 full bathroom; the other with 4 bedrooms and 2 full bathrooms
- 2,464 square feet of building area
- 11,070 sq ft lot with room for an ADU or Jr. ADU
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,609
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,180
$832.2K
Cap Rate 7%
$594,414
$594.4K
Cap Rate 9%
$462,322
$462.3K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$62.1K $25.20/SF
− Vacancy
−$2.7K −$1.08/SF
EGI
$59.4K $24.12/SF
− OpEx
−$17.8K −$7.24/SF
NOI
$41.6K $16.89/SF
Area
Downey, CA
Vacancy
4.27%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,180
Cap Rate 7%
$594,414
Cap Rate 9%
$462,322
Alternative Uses
Best Use
Multifamily LT 5
$594.4K
$520.1K – $693.5K
NOI $41,609 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$516.9K
$452.3K – $603.1K
NOI $36,186 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$1.01M
$879.7K – $1.17M
NOI $70,372 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
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Business Placement
Demographics for 90241, CA
44,921
Population
15,100
Households
3
Avg Household Size
37
Median Age
25%
College-Educated
81%
High-School Grad
4.9 sq mi
ZIP Area
9,168
Density / Sq Mi
$84,375
Median Household Income
$43,319
Median Earnings
$1,884
Median Rent
$770,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer different bedroom and bathroom layouts, with a detached garage serving the property.
Where is this duplex located?
The property is located at 7245 Luxor Downey, CA.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and 1 full bathroom; the other with 4 bedrooms and 2 full bathrooms; 2,464 square feet of building area; 11,070 sq ft lot with room for an ADU or Jr. ADU
