Downey, CA 90241,10502 La Reina AVE
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Downey, CA 90241,10502 La Reina AVE

$1,600,000

Est. payment /mo

$1,600,000

Est.Price: ?

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10502 La Reina AVE Downey, CA 90241

8,712 Sqft Lot

SOLD DATE : 01/21/2021

Key Details

Sold Price $1,600,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20668748

Sold Date 01/21/21

HOA Y/N No

Year Built 1969

Lot Size 8,712 Sqft

Property Description

We are pleased to present a premium 5-unit apartment building located in of the most sought after areas along the 605 corridor, in North Downey. Key building and property highlights include extra spacious 2-bedroom units, central heating and air conditioning, a 2:1 parking ratio, and new plumbing for all 5 units, including the main water line from the meter. With approximately 20% upside in the rents, a new owner has an excellent opportunity to increase the cash flow substantially. The city of Downey has had a tremendous amount of new development in recent years, and is positioned to remain an extremely strong rental market for years to come.

Location

State CA

County Los Angeles

Area D2 - Northwest Downey, N Of Firestone, W Of Downey

Zoning DOR3*

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Garage Attached Carport, Carport, Detached Carport

Carport Spaces 10

Parking Type Attached Carport, Carport, Detached Carport

Total Parking Spaces 10

Building

Story 2

Others

Senior Community No

Tax ID 6252025011

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nicholas Petrosian • Remax Commercial and Investment Realty
Bought with Sheetal Parekh • Sheetal Parekh Broker

Tari Haberfield

Agent | SCKELLWILL01918524

+1(805) 234-6882

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