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10515 Downey Ave 4 Unit Apartment Building Offered at $1,950,000 at a 4.37% Cap Rate Downey, CA 90241
INVESTMENT HIGHLIGHTS
- Huge Three Bedroom and Two Bedroom Units
- Value-Add Potential
- Seven Single Car Garages and Two Covered Parking Spaces
- Excellent Owner/User Opportunity
EXECUTIVE SUMMARY
Skyline Commercial Advisors is offering the opportunity to acquire a huge fourplex on Downey Ave, for sale by its original builders. With a highly coveted unit mix, these large units are ideal for an owner/user or an investor looking to add to their portfolio. Ample parking, including extra garages help contribute to this well maintained property, which has further upside with interior modernization.
The Downey Ave Fourplex is part of a four-property portfolio of similarly constructed buildings in Bellower and Downey, which may be purchased either individually or as a portfolio.
The Downey Ave Fourplex is part of a four-property portfolio of similarly constructed buildings in Bellower and Downey, which may be purchased either individually or as a portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $487,500 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 7,207 SF |
| Cap Rate | 4.37% | No. Stories | 2 |
| Gross Rent Multiplier | 15.17 | Year Built | 1976 |
| No. Units | 4 | Parking Ratio | 1.25/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | DOR3* | ||
| Price | $1,950,000 |
| Price Per Unit | $487,500 |
| Sale Type | Investment |
| Cap Rate | 4.37% |
| Gross Rent Multiplier | 15.17 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.19 AC |
| Building Size | 7,207 SF |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | DOR3* |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | - | 1,950 |
| 2+1.5 | 2 | - | 1,850 |
| 2+1 | 1 | - | 1,550 |
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Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 6252-025-008 | Total Assessment | $403,024 (2025) |
| Land Assessment | $58,859 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $344,165 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
6252-025-008
Land Assessment
$58,859 (2025)
Improvements Assessment
$344,165 (2025)
Total Assessment
$403,024 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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10515 Downey Ave
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