Introducing a prime investment opportunity in the heart of Downey, CA. This meticulously maintained property offers a ±7,988 SF building comprising 8 units, each with a long history of 100% occupancy. Built in 1968, the property showcases timeless architecture and thoughtful design elements. Situated in a sought-after location, this multifamily gem presents a lucrative prospect for low-rise/garden investors seeking a stable and reliable income stream. With a strong rental history and attractive features, this property exemplifies the potential for sustained growth and profitability in the thriving Downey market.
Sold for $2,785,000 on 01/06/25
Listing Provided by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian,
Jay Skenderian DRE #01220368,
Morgan Skenderian
Bought with: NONMEMBER MRML
$2,785,000
10611-10617 Western Ave, Downey, CA 90241
16beds
16baths
7,988sqft
Multi Family
Built in 1968
-- sqft lot
$2,738,400 Zestimate®
$349/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 28, 2025 at 10:27am
Listing Provided by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian,
Jay Skenderian DRE #01220368,
Morgan Skenderian
Bought with:
General NONMEMBER, DRE #CA
NONMEMBER MRML
Source: CRMLS,MLS#: PW24227487
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 7,988
- Total interior livable area: 7,988 sqft
Property
Parking
- Total spaces: 16
- Parking features: Garage, Carport
- Garage spaces: 1
- Carport spaces: 9
- Covered spaces: 10
- Uncovered spaces: 6
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 0.34 Acres
- Features: Rectangular Lot
Details
- Additional parcels included: 6251035033
- Parcel number: 6251035005
- Zoning: DOR3*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Downey
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
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Estimated market value
$2,738,400