$4,030,000
$3,999,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
0.53 Acres Lot
SOLD DATE : 03/02/2025
Key Details
Sold Price $4,030,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24076273
Sold Date 03/02/25
HOA Y/N No
Year Built 1964
Lot Size 0.528 Acres
Property Sub-Type Mixed Use
Property Description
17-unit apartment building located in the city of Downey with no municipality rent control. Value andded Asset. The property has over 100% upside in rental income. Property has 7 vacant units and one unit with on-site manager. New buyer able to upgrade units and get full market price for units. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed,1 bath units. Good size building at over 15,000 living square feet and 23,000 sq. ft. lot. All units have in-unit laundry hook ups
almost all units have central air and heat.
Location
State CA
County Los Angeles
Area D3 - Southwest Downey, S Of Firestone, W Of Downey
Zoning DOR3-P*
Interior
Heating Forced Air
Cooling Central Air, See Remarks, Zoned
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Parking Features Assigned
Carport Spaces 15
Pool Private
Community Features Suburban
View Y/N No
View None
Total Parking Spaces 22
Private Pool Yes
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Unknown
Water See Remarks
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6246002004
Energy Description 4512.0
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard, Trust
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Bought with General NONMEMBER • NONMEMBER MRML
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