Beautiful Homes Real Estate
Daniel Andrade
323-215-9836323-215-9836

11816 Downey Avenue, Downey, CA 90241 (MLS # CV19107781)

Save to Favorites
Print
Share
PRICE $2,850,000
BEDS n/a
BATHS 0 baths
HOME SIZE 10,486 sq ft
LOT SIZE 13,435 sqft

We are pleased to exclusively offer for sale this 10 unit multi-family investment in the city of Downey. The subject property offers a scarce construction style being composed of all Two-Story Townhouse ("condo style") units. The unit mix is comprised of two (3 Bed - 2 1/2 Bath) townhouses & eight (2 Bed- 1 1/2 Bath) townhouses, The average unit size is over 1,000 sqft each and all units are separately metered for electricity and gas. Tenants enjoy onsite parking as well as an onsite laundry facility. The current ownership has held the subject property for a number of years, subsequently one will find that the current rental rates are well below market. With some modest capital improvement, a new owner can take advantage of the dense rental community Downey has to offer, and reposition the rental rates well above current levels.

DAYS ON MARKET 10 LAST UPDATED 5/17/2019
YEAR BUILT 1964 COMMUNITY Southeast Downey, S of Firestone, E of Downey
COUNTY Los Angeles TOTAL PARKING 14
STATUS Pending PROPERTY TYPE(S) ResidentialIncome


ADDITIONAL DETAILS
BUILDINGAREAUNITS Square Feet
COMMONWALLS 2+ common walls
COMMUNITYFEATURES Curbs, Gutters, Sidewalks
ELEVATIONUNITS Feet
GARAGESPACES 0.00
LANDLEASEYN 0
LAUNDRYFEATURES Community
LEVELS Two
LISTAGENTSTATELICENSE 01800021
LOTFEATURES 6-10 Units/Acre, Lot 10000-19999 Sqft
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MLSAREAMAJOR D4 - Southeast Downey, E of Downey, S of Firestone
PARCELNUMBER 6255027009
POOLFEATURES None
PREVIOUSSTANDARDSTATUS Active
PRICEPERSQUAREFOOT 271.79
PROPERTYTYPE Residential Income
SEWER Public Sewer
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Pending
TAXTRACTNUMBER 009
WATERSOURCE Public




 
CONTACT US ABOUT 11816 DOWNEY AVENUE
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Daniel Andrade to contact you even if your name is on a Federal or State "Do not call List".

Listing provided by : KRISTOPHER GERMAN License # 01800021, RE/MAX 2000

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 5/19/19 7:48 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information