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$ 3,999,000
Est. payment | /mo
0.53 Acres Lot
$ 3,999,000
Est. payment | /mo
0.53 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CROC24076273
Originating Board California Regional MLS
Year Built 1964
Lot Size 0.528 Acres
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
Interior
Heating Forced Air
Cooling Central AC, Other, 9
Laundry Other
Exterior
Parking Features Assigned Spaces
Garage Spaces 22.0
Pool 31, Pool - Yes
View None
Building
Sewer TBD
Water Other
Others
Tax ID 6246002004
Special Listing Condition Not Applicable
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Listed by Sean Stanfield • Pacific Sotheby's Int'l Realty
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037