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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$3,999,000

Est. payment - /mo

0.53 Acres Lot

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UPDATED:

02/22/2025 10:39 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID OC24076273

HOA Y/N No

Year Built 1964

Lot Size 0.528 Acres

Property Sub-Type Mixed Use

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

Zoning DOR3-P*

Interior

Heating Forced Air

Cooling Central Air, See Remarks, Zoned

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features Assigned

Carport Spaces 15

Pool Private

Community Features Suburban

View Y/N No

View None

Total Parking Spaces 22

Private Pool Yes

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Unknown

Water See Remarks

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6246002004

Energy Description 4512.0

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Special Listing Condition Standard, Trust

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Listed by Sean Stanfield • Pacific Sotheby's Int'l Realty • 7144213377

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7836 Stewart And Gray RD Downey, CA 90241