We are pleased to present a premium 5-unit apartment building located in of the most sought after areas along the 605 corridor, in North Downey. Key building and property highlights include extra spacious 2-bedroom units, central heating and air conditioning, a 2:1 parking ratio, and new plumbing for all 5 units, including the main water line from the meter. With approximately 20% upside in the rents, a new owner has an excellent opportunity to increase the cash flow substantially. The city of Downey has had a tremendous amount of new development in recent years, and is positioned to remain an extremely strong rental market for years to come.
Off market
$2,140,100
10502 La Reina Ave, Downey, CA 90241
10beds
9baths
5,756sqft
MultiFamily
Built in 1969
-- sqft lot
$2,140,100 Zestimate®
$372/sqft
$3,804 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
 - Bathrooms: 9
 
Heating
- Forced air
 
Cooling
- Central
 
Interior area
- Total interior livable area: 5,756 sqft
 
Property
Parking
- Total spaces: 10
 - Parking features: Carport, Garage - Attached, Garage - Detached
 
Lot
- Size: 8,712 sqft
 
Construction
Type & style
- Home type: MultiFamily
 
Condition
- Year built: 1969
 
Community & neighborhood
Location
- Region: Downey
 
Other
Other facts
- County: Los Angeles
 - PropertyType: Residential Income
 - SourceLotSizeArea: Assessor
 - Equipment: Other
 - ParkingGarage: Carport Detached, Carport Attached, Carport
 - SourceLivingArea: Assessor
 - Cooling: Central
 - Heating: Central
 - Country: US
 - ListingStatus: Pending
 - ListingArea: Northwest Downey, N of Firestone, W of Downey
 - UnitTypeType: 2106, 2107
 
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Estimated market value
$2,140,100