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Richard Chung

[email protected] +1(714) 865-3871

$ 6,200,000

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11560 Paramount BLVD Downey, CA 90241

15,228 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,228 sqft

Price per Sqft $407

MLS Listing ID 25544431

HOA Y/N No

Year Built 1963

Lot Size 0.567 Acres

Property Description

The subject property is a beautiful turnkey building located in central Downey. The building is within short driving distance to the Downey Landing Shopping Center; Stonewood Shopping Center; Downtown Downey; the 5, 605 and 105 Freeways; and restaurants, entertainment venues and other support facilities for which Downey is known. The building is 2-stories and of wood frame and stucco construction, and was built in 1963. The property is in good shape with great cubside appeal. It has an excellent unit mix of (17) 2-bedroom / 1-bath units and (1) 3-bedroom / 2-bath unit. The units average approximately 833 square feet in size and are individually metered for gas and electricity. The building totals 15,228 square feet and sits mid-block on a 24,702 square foot rectangular lot. Amenities and features include secured entry to the property, a community swimming pool, on-site laundry facilities (equipment is rented), and 27 carport parking spaces; 12 free-standing carports and 15 tuck-under carports. The building is subject AB-1482 but there is no local rent control in Downey. The property has substantial rent upside and offers an opportunity to add value.

Location

State CA

County Los Angeles

Area D3 - Southwest Downey, S Of Firestone, W Of Downey

Zoning DOC1*

Interior

Interior Features Ceiling Fan(s)

Cooling None

Fireplace No

Appliance Disposal, Range Hood

Laundry Common Area

Exterior

Parking Features Attached Carport, Detached Carport

Carport Spaces 27

Pool Community, In Ground

Community Features Gated, Pool

View Y/N No

View None

Roof Type Composition

Accessibility None

Porch None

Attached Garage Yes

Total Parking Spaces 27

Private Pool No

Building

Faces West

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6255015004

Security Features Security Gate,Gated Community

Special Listing Condition Standard

Listed by Juan Cardenas • Remax Commercial and Investment Realty

Richard Chung

Agent | License ID: 01899002

+1(714) 865-3871

Richard Chung

11560 Paramount BLVD Downey, CA 90241

Key Details

Location

Interior

Exterior

Building

Others

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11560 Paramount BLVD