3-Unit Triplex with
New
For Sale
$1,489,000
8428 5th, Downey, CA 90241
Each residence has its own kitchen, bedrooms, bathrooms, and living area.
Property Size4,098 SF
Days on Market4
Property Features for 8428 5th
General Information
Standard status
Active
Size
4,098 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
3
Building Details
Building Size
4,098 SF
Year Built
1924
Stories
2
Units
3
Listing Agency:
The Ave
Listed By:
Joshua Glaz · License #01856858
(562) 413-9399
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 4:47PM
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 The Ave
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Investment Insights
Based on property information with market context.
Built in 1924, this triplex contains three separate residences: a main home with 3 bedrooms and 2 bathrooms, plus two apartments with 2 bedrooms and 2 bathrooms each. The property totals 7 bedrooms and 6 bathrooms.
Parking includes a garage for the main home and a carport for each apartment. A driveway extends to the rear residences and their parking areas. The property is at 8428 5th in Downey, California.
Parking includes a garage for the main home and a carport for each apartment. A driveway extends to the rear residences and their parking areas. The property is at 8428 5th in Downey, California.
Key Highlights
- Three residences with a combined 7 bedrooms and 6 bathrooms
- Main home has 3 bedrooms and 2 bathrooms; each apartment has 2 bedrooms and 2 bathrooms
- Built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,202
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,384,040
$1.4M
Cap Rate 7%
$988,600
$988.6K
Cap Rate 9%
$768,911
$768.9K
Market Conditions
NOI Build-Up for 4,098 SF
Gross rent
$103.3K $25.20/SF
− Vacancy
−$4.4K −$1.08/SF
EGI
$98.9K $24.12/SF
− OpEx
−$29.7K −$7.24/SF
NOI
$69.2K $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%
$1,384,040
Cap Rate 7%
$988,600
Cap Rate 9%
$768,911
Alternative Uses
Best Use
Multifamily LT 5
$988.6K
$865.0K – $1.15M
NOI $69,202 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$859.8K
$752.3K – $1.00M
NOI $60,183 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,039 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,290
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has its own kitchen, bedrooms, bathrooms, and living area.
Where is this triplex located?
The property is located at 8428 5th Downey, CA.
What is the asking price?
The asking price for this property is $1,489,000.
What are key features of this property?
This property features: Three residences with a combined 7 bedrooms and 6 bathrooms; Main home has 3 bedrooms and 2 bathrooms; each apartment has 2 bedrooms and 2 bathrooms; Built in 1924
