The subject property is a beautiful turnkey building located in central Downey. The building is within short driving distance to the Downey Landing Shopping Center; Stonewood Shopping Center; Downtown Downey; the 5, 605 and 105 Freeways; and restaurants, entertainment venues and other support facilities for which Downey is known. The building is 2-stories and of wood frame and stucco construction, and was built in 1963. The property is in good shape with great cubside appeal. It has an excellent unit mix of (17) 2-bedroom / 1-bath units and (1) 3-bedroom / 2-bath unit. The units average approximately 833 square feet in size and are individually metered for gas and electricity. The building totals 15,228 square feet and sits mid-block on a 24,702 square foot rectangular lot. Amenities and features include secured entry to the property, a community swimming pool, on-site laundry facilities (equipment is rented), and 27 carport parking spaces; 12 free-standing carports and 15 tuck-under carports. The building is subject AB-1482 but there is no local rent control in Downey. The property has substantial rent upside and offers an opportunity to add value.
Property Details
Price:
$6,200,000
MLS #:
25544431
Status:
Active
Baths:
0
Address:
11560 Paramount Boulevard
Type:
Residential Income
Neighborhood:
d3southwestdowneysoffirestonewofdowney
City:
Downey
Listed Date:
May 28, 2025
State:
CA
ZIP:
90241
Lot Size:
24,709 sqft / 0.57 acres (approx)
Year Built:
1963
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Schools
Interior
Accessibility Features
None
Appliances
Disposal, Range Hood
Cooling
None
Interior Features
Ceiling Fan(s)
Exterior
Garage Spaces
0.00
Parking Features
Detached Carport, Attached Carport
Parking Spots
27.00
Pool Features
Community, In Ground
Roof
Composition
Security Features
Gated Community, Automatic Gate
Sewer
Sewer Paid
Spa Features
None
Stories Total
2
View
None
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address11560 Paramount Boulevard Downey CA
- AreaD3 – Southwest Downey, S of Firestone, W of Downey
- CityDowney
- CountyLos Angeles
- Zip Code90241
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11560 Paramount Boulevard
Downey, CA
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