10601 Parrot Avenue, Downey, CA 90241

$4,000,000
9,288
SqFt
List Price
$4,000,000
Status
ACTIVE
MLS#
PW20133410
Year Built
1957
Living Sq. Ft
9,288
Days on Market
105
Property Type
Commercial
Property Sub Type
Multi Family

Property Description

Nestled on a quiet cul-de-sac a short distance from both major Downey thoroughfares of Florence Ave and Firestone Blvd, this 2-building, 16-unit property at 10601 Parrot Ave offers the perfect combination of convenience and seclusion. The property is largely removed from the dense neighborhoods that surround it which were mainly developed during the peak of Downey’s cold-war-era expansion. The property consists of over 9,000 square feet of livable space with a unit mix of four 2-bedroom units, and twelve spacious 1-bedroom units. The building is individually metered for gas and electric and has a flat roofs on both buildings. In addition to its close proximity to schools, employment, and enjoyment, the tenants enjoy on-site amenities including a spacious courtyard, carport parking and laundry room. With market rents a mere 15% away, a new owner should be able to achieve them in less than 2 increases.

Additional Information

Taxes
$45,620
Water
Public
Number Of Units Total
16
Gross Scheduled Income
$281,272
Operating Expense
99451

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Justin White from Justin White

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.