This property is being sold for land value only. The previous house was demolished, and the property is currently condemned. Any remaining structure or improvements are unpermitted and are not considered legal or habitable. The new owner will be responsible for starting from scratch, including removing any remaining improvements, obtaining all required permits and approvals, and constructing a new residence in compliance with current building and zoning requirements. Property is sold strictly AS-IS, WHERE-IS, with no warranties regarding condition, development potential, utilities, zoning, or permit eligibility. Buyer must conduct all investigations and verify all information with the appropriate city and county departments before purchasing. Excellent opportunity for an experienced developer, investor, or builder.
Downey is located in California. Downey, California has a population of 114,293. Downey is more family-centric than the surrounding county with 31.7% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Downey, California is $77,972. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Downey is 35.9 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 46 degrees. The average rainfall is approximately 14.1 inches per year, with 0 inches of snow per year.
