10518 Western Avenue, Downey, CA 90241
- $3,750,000
- Sold Price
- $3,750,000
- List Price
- $3,700,000
- Closing Date
- Jan 06, 2025
- Status
- CLOSED
- MLS#
- PW24227517
- Year Built
- 1973
- Lot Size
- 17,400
- Acres
- 0.40
- Days on Market
- 9
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
This well-maintained 11,059± SF building, constructed in 1973, features 12 spacious units, making it an attractive option for multifamily, low-rise, and garden-style investors. Each unit offers modern amenities and ample natural light, while the property's convenient location provides easy access to essential services and major transportation routes. With a proven track record of strong rental demand in the area, this property presents a promising prospect for investors seeking to capitalize on the robust multifamily real estate market in Downey.
/u.realgeeks.media/jeremysifuentes/header.png)
Additional Information
- Taxes
- $47,071
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $301,020
- Operating Expense
- 86035
Listing courtesy of Listing Agent: Doug Rodermund (dsr@morganskenderian.com) from Listing Office: Morgan Skenderian.
Listing sold by General NONMEMBER from NONMEMBER MRML
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.