We are pleased to exclusively offer for sale 11221 Pangborn Ave, a four unit apartment building situated in the Heart of Downey. Pangborn is an excellent income producing, value-add opportunity for a new or experienced multi-family investor looking to pick up four apartment units in an established and high demand rental pocket. This is predominantly a family neighborhood that is very safe and clean. Walking distance to many shops, restaurants and parks. This complex consists of three, 1bed/1bath units and one 2bed/1.5bath unit along with five parking spaces. Recently remodeled in 2018, along with a new roof. All units are currently occupied so please do not disturb tenants. Contact via email or cell phone for more information!
Sold for $1,350,000
$1,350,000
11221 Pangborn Ave, Downey, CA 90241
5beds
--sqft
Multi Family
Built in 1963
-- sqft lot
$1,580,300 Zestimate®
$--/sqft
$2,497 Estimated rent
Home value
$1,580,300
$1.47M - $1.72M
$2,497/mo
Zestimate® history
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$8,715/mo
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Zillow last checked:
Listing updated:
Listed by:
Mikel A Palmerin DRE #02177296 760-518-5915,
Keller Williams La Jolla,
Erin O'Connor DRE #01857244 619-847-3115,
Keller Williams La Jolla
Bought with:
Miguel Belmonte, DRE #01047933
Century 21 Allstars
Source: SDMLS,MLS#: 230012861
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Cooling
- N/K
Interior area
- Total structure area: 0
Property
Features
- Levels: 2 Story
- Fencing: Partial
Lot
- Size: 6,098 Square Feet
Details
- Parcel number: 6284003016
- Zoning: DOR3
- Zoning description: DOR3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition
Condition
- Year built: 1963
Community & HOA
Community
- Features: Laundry Facilities
- Security: N/K
- Subdivision: Act II (ACT2)
Location
- Region: Downey
Financial & listing details
- Tax assessed value: $1,377,460
- Annual tax amount: $17,555
- Date on market: 7/5/2023
- Listing terms: Seller May Carry
- Tenant pays: Electricity, Gas/Propane
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2023 | Sold | $1,350,000-9.9% |
Source:  SDMLS #230012861 Report a problem | ||
| 7/5/2023 | Listed for sale | $1,499,000+13.1% |
Source: SDMLS #230012861 Report a problem | ||
| 6/26/2023 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/28/2023 | Listed for sale | $1,325,000 |
Source: Owner Report a problem | ||
| 4/8/2014 | Listing removed | $895 |
Source: Hoag Property Management Inc. Report a problem | ||
| 1/22/2014 | Listed for rent | $895 |
Source: Hoag Property Management Inc. Report a problem | ||
| 9/8/2012 | Listing removed | $895 |
Source: Hoag Property Management Inc. Report a problem | ||
| 8/10/2012 | Listed for rent | $895+1.1% |
Source: Hoag Property Management Inc. Report a problem | ||
| 3/9/2012 | Listing removed | $885 |
Source: Hoag Property Management Inc. Report a problem | ||
| 2/15/2012 | Listed for rent | $885+1.1% |
Source: Hoag Property Management Inc. Report a problem | ||
| 11/29/2011 | Listing removed | $875 |
Source: Hoag Property Management Inc. Report a problem | ||
| 11/17/2011 | Listed for rent | $875 |
Source: Hoag Property Management Inc. Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,555 +1.8% | $1,377,460 +2% |
| 2024 | $17,246 +561% | $1,350,460 +929.4% |
| 2023 | $2,609 +3.9% | $131,185 +2% |
| 2022 | $2,511 +6.1% | $128,622 +2% |
| 2021 | $2,366 +1.2% | $126,110 +1% |
| 2020 | $2,338 | $124,823 +2% |
| 2019 | $2,338 +7% | $122,385 +2% |
| 2018 | $2,185 | $119,996 +2.4% |
| 2017 | $2,185 +1.7% | $117,193 +2% |
| 2016 | $2,149 +3.4% | $114,896 +1.5% |
| 2015 | $2,079 +4.7% | $113,171 +2% |
| 2014 | $1,986 | $110,955 +2.5% |
| 2012 | -- | $108,290 +2% |
| 2011 | -- | $106,168 +0.8% |
| 2010 | -- | $105,375 -0.2% |
| 2009 | -- | $105,626 +2% |
| 2008 | -- | $103,556 +2% |
| 2007 | -- | $101,526 +2% |
| 2006 | -- | $99,537 |
| 2005 | -- | $99,537 +4% |
| 2004 | -- | $95,675 +1.9% |
| 2003 | -- | $93,923 +2% |
| 2002 | -- | $92,082 +4% |
| 2000 | -- | $88,507 |
Find assessor info on the county website
Neighborhood: 90241
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Nearby schools
GreatSchools rating
- 6/10Gauldin Elementary SchoolGrades: K-5Distance: 0.7 mi
- 7/10Doty Middle SchoolGrades: 6-8Distance: 0.9 mi
- 6/10Downey High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$1,580,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,580,300
- California
- Los Angeles County
- Downey
- 90241
- 11221 Pangborn Ave
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