Introducing a prime investment opportunity in the heart of Downey, CA. This meticulously maintained property offers a ±7,988 SF building comprising 8 units, each with a long history of 100% occupancy. Built in 1968, the property showcases timeless architecture and thoughtful design elements. Situated in a sought-after location, this multifamily gem presents a lucrative prospect for low-rise/garden investors seeking a stable and reliable income stream. With a strong rental history and attractive features, this property exemplifies the potential for sustained growth and profitability in the thriving Downey market.
Property Details
Price:
$2,750,000
MLS #:
PW24227487
Status:
Active
Baths:
0
Address:
10611 Western Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
d3southwestdowneysoffirestonewofdowney
City:
Downey
Listed Date:
Nov 4, 2024
State:
CA
ZIP:
90241
Lot Size:
14,608 sqft / 0.34 acres (approx)
Year Built:
1968
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
1.00
Lot Features
Rectangular Lot
Parking Spots
16.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address10611 Western Avenue Downey CA
- AreaD3 – Southwest Downey, S of Firestone, W of Downey
- CityDowney
- CountyLos Angeles
- Zip Code90241
Similar Listings Nearby
- 16829 Chicago Avenue
Bellflower, CA$3,500,000
4.71 miles away
- 331 N Montebello Boulevard
Montebello, CA$3,250,000
4.88 miles away
- 5953 Florence Avenue
Bell Gardens, CA$2,588,888
2.08 miles away
- 5100 Elizabeth Street
Cudahy, CA$2,550,000
2.76 miles away
- 7100 Chanslor Avenue
Bell, CA$2,500,000
2.74 miles away
- 3536 E 52nd Street
Maywood, CA$2,475,000
4.81 miles away
- 8729 Olympic Boulevard
Pico Rivera, CA$2,400,000
4.92 miles away
- 10225 La Reina Avenue
Downey, CA$2,399,000
0.39 miles away
- 9719 Beach Street
Bellflower, CA$2,391,000
4.85 miles away
Courtesy of Morgan Skenderian. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.10611 Western Avenue
Downey, CA
LIGHTBOX-IMAGES