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11801 Lakewood Blvd
Downey, CA 90241
Downey Villa Apartments · Multifamily Property For Sale
·
45 Units
Investment Highlights
- Best Location in all of Downey Across the Street From Downey Landing
- 10.68 GRM & 6.4% Cap Rate on Current Income
- Easy Upside in Rental Income for a New Owner
- Priced at $188,889/Unit
- 8.27 GRM & 9.0% Cap Rate on Market Rents
- Situated on Over One Acre of Land
Property Facts
| No. Units | 45 | Lot Size | 1.04 AC |
| Property Type | Multifamily | Building Size | 19,575 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1953 |
| Zoning | DOR3-P* | ||
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.04 AC |
| Building Size | 19,575 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Zoning | DOR3-P* |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 45 | $1,465 | 650 |
Property Taxes
| Parcel Number | 6255-024-076 | Improvements Assessment | $2,134,465 |
| Land Assessment | $3,152,442 | Total Assessment | $5,286,907 |
Property Taxes
Parcel Number
6255-024-076
Land Assessment
$3,152,442
Improvements Assessment
$2,134,465
Total Assessment
$5,286,907
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