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10611 10617 Western AVE Downey, CA 90241
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Key Details
Sold Price $2,785,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24227487
Sold Date 01/06/25
HOA Y/N No
Year Built 1968
Annual Tax Amount $34,385
Lot Size 0.335 Acres
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area D3 - Southwest Downey, S Of Firestone, W Of Downey
Zoning DOR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 1.0
Carport Spaces 9
Garage Description 1.0
Pool None
Community Features Sidewalks
Total Parking Spaces 16
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6251035005
Energy Description 3238.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with General NONMEMBER NONMEMBER MRML
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