11605 Downey Avenue, Downey, CA 90241

$4,950,000
18
BD
18
BA
12,331
SqFt

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List Price
$4,950,000
Status
ACTIVE
MLS#
26104421
Year Built
1971
Bedrooms
18
Bathrooms
18
Living Sq. Ft
12,331
Lot Size
19,232
Acres
0.44
Days on Market
0
Property Type
Multifamily
Stories
Two Levels

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.

Additional Information

Heat
None
Garage Spaces Total
2
Attached Structure
Detached
Number Of Units Total
15

Listing courtesy of Listing Agent: Nick Petrosian (npetrosian@remaxcir.com) from Listing Office: Remax Commercial and Investment Realty.

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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.