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 ups almost all units have central air and heat.
MLS# | OC24076273 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Active |
Year | 1964 |
Days On Site | 174 |
Listing Provided By | Pacific Sotheby's Int'l Realty 714-587-2408 | Sean Stanfield |
SQ Feet | 15,171 |
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Car Port | Yes |
Pool | Yes |
Story(s) | 2 |
Units | 17 |
Building(s) | 1 |
Zoning | DOR3-P* |
Acreage | 0.53 |
Property View | None |
State | CA |
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County | Los Angeles |
City | Downey |
Zip Code | 90241 |
Area | D3 Southwest Downey | S of Firestone | W of Downey |
Listing VS Median (in 90241) | |
Price: $4,495,000 low | high Med: $902,500 SqFt: 15,171 low | high Med: 1,275 $ / SqFt: $296 low | high Med: $717 On Site: 174 low | high Med: 435.000000 |