17-unit apartment building located in the city of Downey with no municipality rent control. Value andded Asset. The property has over 100% upside in rental income. Property has 7 vacant units and one unit with on-site manager. New buyer able to upgrade units and get full market price for units. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed,1 bath units. Good size building at over 15,000 living square feet and 23,000 sq. ft. lot. All units have in-unit laundry hook ups
almost all units have central air and heat.
Sold for $4,030,000
Zillow last checked:
Listing updated:
Bought with:
General NONMEMBER, DRE #01874815
NONMEMBER MRML
Source: CRMLS,MLS#: OC24076273
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 3/2/2025 | Sold | $4,030,000$266/sqft |
Source:  CRMLS #OC24076273 Report a problem | ||
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Estimated market value
$3,948,200
