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Property profile & analytics
OFF-MARKET Estimated value $3,025,000
Medical Office Space

8221 3rd St Downey, CA 90241-3717

23,688 SF 0.43 ac lot Built 1962
Entity Owned 27-yr Hold ~ Est. High Equity
Property ID
US09-8608510
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1962
Construction STEEL FRAME
Total area 23,688 SF
Lot 0.43 ac (18,771 SF)
Zoning code DOC3*
APN 6254-007-013
UPID US09-8608510
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jecmen Robert G DDS Dental Office
  • Iranian Psychological Association of America Association / Organization
  • Apbmc Physician Medical Clinic
  • Ana Betty's Insurance Services Insurance Agency
  • Diligent Clinical Trials Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.03M
Owner & transaction history
California Asset Properties · 27 yrs held
California Asset Properties
since 1998
6 recorded transactions
2020
Price N/A
1998
$1.3M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DOC3* · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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