Location! Location! Location!! .92 acres buildable land in Northeast Downey. A very spacious backyard with lots of room for improvement. New flooring has been added throughout the house and the roof was replaced in 2020. Brand new interior and exterior paint job was completed in 2020. This 3 bedroom and 3 bathroom home has been newly renovated and is move-in ready. Seller has construction plans ready to be approved to revamp the existing home into a two-story mansion. This is an R2 Lot off of Florence Ave and it is a prime location in Downey. As a very rare R2 lot you can build multiple homes as well in this large lot. 40,207 sqft lot!!! These is no other property for sale that has a larger lot in Downey. This is a developers dream to subdivide this property into multiple houses. You will not see another piece of property like this come up for sale very often. The current home on the property is completely livable/rent-able while you go through the planning and development process. 9620 Florence Ave is likely to appreciate by 3% in the next year, based on the latest home price index. In the last 11 years, this home has increased its value by 85%.