REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Sean Stanfield • Pacific Sotheby's Int'l Realty
$ 4,295,000
Est. payment | /mo
15,171 SqFt
$ 4,295,000
Est. payment | /mo
15,171 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 15,171 sqft
Price per Sqft $283
MLS Listing ID CROC24076273
HOA Y/N No
Originating Board Datashare California Regional
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. 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.
Location
State CA
County Los Angeles
Interior
Heating Forced Air
Cooling Central Air, Zoned, See Remarks
Fireplace No
Laundry Inside
Exterior
View None
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
GET MORE INFORMATION
Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745