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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

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    $17,317/mo

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    What's special

    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.

    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#: PW24227487MLS LogoOriginating 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