11816 Downey Ave
Downey, CA 90241
Downey Ave Town-Homes · Multifamily Property For Sale
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10 Units
Property Facts
| No. Units | 10 | Building Size | 10,486 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | DOR2* - Tow Family Zoning | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 10,486 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | DOR2* - Tow Family Zoning |
Amenities
Unit Amenities
- Cable Ready
Site Amenities
- Laundry Facilities
About 11816 DOWNEY AVE , DOWNEY, CA 90241
We are pleased to exclusively offer for sale this 10 unit multi-family investment in the city of Downey. The subject property offers a scarce construction style composed of all Two-Story Townhouse ("condo style") units. The unit mix is comprised of two (3 Bed - 2 1/2 Bath) townhouses & eight (2 Bed- 1 1/2 Bath) townhouses, The average unit size is over 1,000 sqft each and all units are separately metered for electricity and gas. Tenants enjoy onsite parking as well as an onsite laundry facility. The current ownership has held the subject property for a number of years, subsequently one will find that the current rental rates are well below market. With some modest capital improvement, a new owner can take advantage of the dense rental community Downey has to offer, and reposition the rental rates well above current levels.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,725 | - |
| 2+2 | 8 | $1,500 | - |
Property Taxes
| Parcel Number | 6255-027-009 | Improvements Assessment | $2,218,985 |
| Land Assessment | $1,461,282 | Total Assessment | $3,680,267 |
Property Taxes
