Sold for $2,785,000

Listed by: Morgan Skenderian • Doug Rodermund • Contact: 949-251-8800

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

$2,584,100 Zestimate^®

$349/sqft

$3,293 Estimated rent

Home value

$2,584,100

$2.30M - $2.92M

$3,293/mo

Zestimate^® history

Owner options

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$3,293/mo

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$3,293/mo

Rent Zestimate^®

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$17,580/mo

Est. payment

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$17,580/mo

Est. payment

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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.

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 & HOA

Community

Features: Sidewalks

Location

Region: Downey

Financial & listing details

Price per square foot: $349/sqft
Annual tax amount: $34,385
Date on market: 11/4/2024
Cumulative days on market: 31 days
Listing terms: Cash,Cash to New Loan,Conventional

Price history

Date	Event	Price
1/6/2025	Sold	$2,785,000+1.3%$349/sqft
Source: CRMLS #PW24227487 Report a problem
12/5/2024	Pending sale	$2,750,000$344/sqft
Source: CRMLS #PW24227487 Report a problem
11/4/2024	Listed for sale	$2,750,000$344/sqft
Source: CRMLS #PW24227487 Report a problem