10601 Parrot Avenue, Downey, CA 90241

$4,000,000
9,288
SqFt
List Price
$4,000,000
Status
ACTIVE
MLS#
PW20162966
Year Built
1957
Living Sq. Ft
9,288
Lot Size
16,673
Acres
0.3828
Lot Location
16-20 Units/Acre, Cul-De-Sac
Days on Market
68
Property Type
Multifamily

Property Description

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 it’s 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

Lot Description
Suburban
Pool Description
None
Sewer
Other, Unknown
Water
Public
Attached Structure
Attached
Number Of Units Total
16
Gross Scheduled Income
$281,272
Operating Expense
99451
Unit One Total Units
4
Unit One Beds
2
Unit One Baths
1
Unit One Actual Rent
1600.00
Unit One Total Rent
1600.00
Unit One Pro Forma
1850
Unit One Furnished
Unfurnished
Unit Two Total Units
12
Unit Two Beds
1
Unit Two Baths
1
Unit Two Actual Rent
1400.00
Unit Two Total Rent
1400.00
Unit Two Pro Forma
1550
Unit Two Furnished
Unfurnished

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.