11716 Gurley Avenue, Downey, CA 90241

$5,500,000
12,464
SqFt
List Price
$5,500,000
Status
ACTIVE
MLS#
PW20193085
Year Built
1957
Living Sq. Ft
12,464
Lot Size
18,251
Acres
0.419
Lot Location
Level with Street
Days on Market
35
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

We are pleased to present, for the first time in over 25 Years, the exclusive opportunity to acquire 11716 Gurley Ave in Downey along with 12705 Kalnor Ave in Norwalk. Built in 1964/1957 and located in one of the most central commuting thoroughfares – the 605 Freeway, this is a rare opportunity to acquire a two-building portfolio of meticulously maintained real estate in one of California’s most sought after submarkets. The properties are available together or separate, and consist of a mixture of mostly 2-bedroom and 1-bedroom units. All units are separately metered for gas and electricity, with onsite laundry, sparking pools, air conditioning, ample parking, and an enjoyable tenant common-area. Both buildings have new roofs, renovated pools and are a blank slate for the next investor to capitalize on this opportunity. Inquire with the listing team for due diligence materials and marketing packages and provide Proof of Funds and a Schedule of Real Estate Owned.

Additional Information

Tract Number
17892
Lot Description
Curbs
Pool Description
Community
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
23
Gross Scheduled Income
$317,766
Operating Expense
116443
Unit One Total Units
18
Unit One Beds
1
Unit One Baths
1
Unit One Actual Rent
1183.00
Unit One Total Rent
21300.00
Unit One Pro Forma
30510
Unit One Furnished
Unfurnished
Unit Two Total Units
4
Unit Two Beds
2
Unit Two Baths
1
Unit Two Actual Rent
1150.00
Unit Two Total Rent
4600.00
Unit Two Pro Forma
7800
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
2
Unit Three Baths
2
Unit Three Actual Rent
950.00
Unit Three Total Rent
950.00
Unit Three Pro Forma
1525
Unit Three Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
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.