Condominium buy in Downey California

Oh my gosh!!! Where in Downey can you buy a 4526 square foot property at this price? And have it provide income of around $72,000 per year? With a cap rate of 5%? Property has a Hair Salon business that has been in business since 1977 and occupies two of the downstairs units. (Can be re-divided into two units to get additional income). Upstairs is a Real Estate company that occupies the whole floor, has 5 offices and a conference room, and just signed an additional 3 year lease. Downstairs, has a recently vacated unit and can be used for many uses. Uses, that we have provided above. Also has loading door access. Property is definitely priced to sell. This would be a perfect OWNER USER opportunity, and with lots of off street parking. Stop paying for a rental somewhere else and become a property owner and get your tax benefits on a building that provides income that you own!!!!!!!. MLS® ID: IV22198403 Listed: 9/7/22 Updated: 10/4/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: None Exterior/Building Features Lot Size: 7,245 ft2 lot Lot Details: Level, Near Public Transit, Rectangular Lot, Street Level Roof: Composition, Flat, Rolled/Hot Mop, Tar/Gravel Other Property Details Area Name: D3 - Southwest Downey, S of Firestone, W of Downey Garage: No Parking: N View: N County: Los Angeles Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected Water Source: Public Pool: No Total Stories: 2 Zoning: DOC3* Property History Date Event Price Value 9/14/22 Active Under Contract - - Listed by GENE SAIS, NATIONAL REALTY GROUP, Based on information from California Regional Multiple Listing Service, Inc. as of 10/4/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.