10331 Downey Avenue, Downey, CA 90241

$2,515,000
10,128
SqFt
List Price
$2,515,000
Status
ACTIVE UNDER CONTRACT
MLS#
PW20138007
Year Built
1989
Living Sq. Ft
10,128
Lot Size
16,552
Acres
0.38
Lot Location
Level with Street
Days on Market
0
Property Type
Multifamily

Property Description

We are pleased to present the opportunity to acquire 10331 Downey Avenue, a 8-unit multifamily investment property located in Downey, California. 10331 Downey Avenue was constructed in 1989 and is situated on a 0.38 acre lot. The property consists of eight two-bedroom two-bathroom units which are each approx 1,266 sqft and offer amenities including attached 2-car garages with direct access to the unit, in unit washer and dryer hook ups and private patios in the front. The property has been proudly maintained for over 25 years with promptly repairs when needed. 10331 Downey Avenue is separately metered for gas, electricity and water. 10331 Downey Avenue is conveniently located near the 710, 605 and 5 freeways and is in very close proximity to multiple retail centers, restaurants, golf courses, entertainment and schools. Given the fantastic Downey location and the quality of the asset, this property is well suited to provide investors with strong returns and value appreciation over the long term investment horizon. 100% 2 Bed 2 Bath Units ----- Large 1,266 sqft Units ---- Desirable Rental Location ---- 1989 Construction ---- Separately Metered for Water, Electricity and Gas ---- Quick Access to 5/605/710 Freeways ---- Attached 2-Car Garages w/ in unit Laundry.

Additional Information

Tract Number
212
Land Lease
Yes
Lot Description
Curbs
Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
8

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Shane Young from Marcus & Millichap

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.