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    10331 Downey Avenue

    Downey, CA 90241
    • $2,515,000
    • STATUS: CONTINGENT
    • ON SITE: 29 days
    • ID#: 302592209
    Under Contract
    $2,515,000
    • 2
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    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 maintai 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.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/107826121
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    10331 Downey Avenue Downey, CA 90241

    • Price: $2,515,000
    • Status: CONTINGENT
    • ID#: 302592209
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    1989
    Built
    Neighborhood:
    Downey (90241)
    County:
    Los Angeles
    Area:
    Downey (90241)
    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 maintai 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.
    Exterior Features

    Pool N/K Site Curbs Topography Level

    Interior Features

    Total Baths Unit1 2

    Property Features

    Actual Cap Rate 4.66 Annual Expense Actual 59204 Buildings 1 Gross Rent Multiplier Actual 13.82 Gross Scheduled Income Actual 181932 Unit Number For Unit1 1 Unit1 Rent Actual 15161.0 Water Meter On Property Zoning Dor3*

    Listing provided courtesy of Marcus & Millichap. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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