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9448 Nance Ave
Downey, CA 90241
Park Lane · Multifamily Property For Sale
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16 Units
Property Facts
| No. Units | 16 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 11,458 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.08/1,000 SF |
| Zoning | R3, Downey | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 11,458 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | R3, Downey |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
About 9448 NANCE AVE , DOWNEY, CA 90241
Morgan Skenderian, Inc., is pleased to offer Park Lane, a 16-unit apartment investment opportunity located in the exceptionally strong rental market of Downey. Over the last few years, the property received nearly $100,000 of improvements, including a new roof, new exterior paint, and new asphalt. Park Lane is a rare opportunity to own a very well-maintained apartment building offering the new owner 15% rental upside.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,248 | 625 |
| 2+1 | 5 | $1,700 | 850 |
| 3+2 | 1 | $2,100 | 1,050 |
Property Taxes
| Parcel Number | 6284-002-008 | Improvements Assessment | $2,788,796 |
| Land Assessment | $1,859,197 | Total Assessment | $4,647,993 |
Property Taxes
Parcel Number
6284-002-008
Land Assessment
$1,859,197
Improvements Assessment
$2,788,796
Total Assessment
$4,647,993
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