11605 Downey Ave
Property Description
We are pleased to present 11605 Downey Avenue, a well-maintained 14-unit multifamily asset located in the highly sought-after City of Downey. Built in 1971, the property consists of ten (10) one-bedroom/one-bath units and four (4) two-bedroom/two-bath units. The property features spacious floor plans, private patios and balconies, air conditioning, dual-pane windows, and electrical panels and breakers that have been replaced. The property offers excellent on-site parking with 28 spaces, including 13 open spaces, 13 carport spaces and one two-car garage. Additional features include gated access and an on-site laundry facility. The units are separately metered for electricity, while gas is master-metered.11605 Downey Avenue is conveniently located near Downtown Downey, providing residents with access to major shopping, dining and employment, along with convenient access to the I-5, I-105, I-605 and I-710 freeways. Downey is one of Southeast Los Angeles County's most desirable rental markets, offering a central location and convenient access to major employment centers throughout Los Angeles and Orange Counties. The City of Downey does not currently have a local rent control ordinance; applicable units remain subject to California statewide rent regulations.
Broker Details
RE/MAX Commercial & Investment (562) 991-3886
MLS ID: C107472 State License Number: 01462598
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,950,000 |
| No. of Units: | 14 |
| Year Built: | 1971 |
| Lot Size: | 12,331.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $353,571 |
| Property Website | Click Here |
| Number of Bedrooms: | 18 |
| Number of Bathrooms: | 18 |
ID: 3yd-CLAWCA-26104421
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