$1,600,000
$1,600,000
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10502 La Reina AVE Downey, CA 90241
8,712 Sqft Lot
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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Bought with Sheetal Parekh • Sheetal Parekh Broker