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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.
Property Type(s):
Residential Income
| Last Updated | 11/23/2024 | Year Built | 1964 |
|---|---|---|---|
| Community | Southwest Downey, S of Firestone, W of Downey | County | Los Angeles |
Price History
| 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 - Nov 23, '24 | $4,495,000 |
| Nov 23, '24 - Today | $4,295,000 |
Additional Details
| 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* |
Location
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Listed with Pacific Sotheby's Int'l Realty
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