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17000 Downey Ave
Paramount, CA 90723
Multifamily Property For Sale
·
7 Units
Property Facts
| No. Units | 7 | Lot Size | 0.45 AC |
| Property Type | Multifamily | Building Size | 5,608 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1957 |
| Building Class | C | Parking Ratio | 3.56/1,000 SF |
| Zoning | PARM* | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 5,608 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 3.56/1,000 SF |
| Zoning | PARM* |
About 17000 DOWNEY AVE , PARAMOUNT, CA 90723
Marcus & Millichap is pleased to present 17000 Downey Avenue, a seven-unit multifamily investment property in Paramount, California. The property has great exposure along Downey Avenue and is well-located conveniently near the 91 Freeway. This area is a solid rental market with low vacancy and over 63 percent of housing units within one-mile are renter-occupied. The offering consists of four buildings on a large lot with a desirable mix of three three-bedroom units* and four two-bedroom units. The units are separately metered for gas and electricity. The property also features ample garage and open on-site parking. 17000 Downey Avenue presents a great opportunity for an investor to acquire an asset with a desirable unit mix in a strong rental market and capture potential upside in rents. This property is offered along with 16871 Verdura Avenue, an adjacent five-unit property. The properties may be purchased separately or together. Contact the listing agents for more information. *Note: One of the third bedrooms is unpermitted.
Property Taxes
| Parcel Number | 7107-003-015 | Improvements Assessment | $903,569 |
| Land Assessment | $1,115,517 | Total Assessment | $2,019,086 |
Property Taxes
