17-unit apartment building located in the city of Downey with no municipality rent control. The property has over 100% upside in rental income. Property has 6 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 upsalmost all units have central air and heat.
|
Prior to Jun 4, '24
|
$5,750,000
|
|
Jun 4, '24 - Jun 25, '24 |
$5,295,000
|
|
Jun 25, '24 - Aug 7, '24 |
$4,999,000
|
|
Aug 7, '24 - Sep 4, '24 |
$4,695,000
|
| Sep 4, '24 - Today |
$4,495,000 |
| AIR |
Central Air, See Remarks, Zoned |
| AIR CONDITIONING |
Yes |
| AREA |
Southwest Downey, S of Firestone, W of Downey |
| GARAGE |
Assigned |
| HEAT |
Forced Air |
| HOA DUES |
0 |
| LOT |
0.53 acre(s) |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| PARKING |
Assigned |
| POOL |
Yes |
| POOL DESCRIPTION |
Private |
| SEWER |
Unknown |
| STORIES |
2 |
| VIEW DESCRIPTION |
None |
| WATER |
See Remarks |
| ZONING |
DOR3-P* |
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Listed with Pacific Sotheby's Int'l Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/30/24 6:21 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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