Heather Brooks NAR Certified SRES Agent Covering LA and Ventura Counties
Address
10502 La Reina Avenue Downey, CA
Price
$ 1,600,000
Property Attributes
  • MLS#20668748
  • TypePending
  • CountyLOS ANGELES
  • CityDowney
  • AreaNorthwest Downey - N of Firestone - W of Downey
  • Zip90241
  • Style
  • Price$ 1,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5756
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Nicholas Petrosian with Remax Commercial and Investment Realty.
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.

Price History
12/9/2020 Listed $1,600,000

General Features

Carport Spaces 10.00
Cooling Central Air
Directions South of Florence Avenue and North of 7th Street.
Heating Central
Listagentaor Beverly Hills/Greater LA
Listing Agent Nicholas Petrosian - BRE#01462598
Listing Agent State License 01462598
MLS Area D2 - Northwest Downey, N of Firestone, W of Downey
Parking Features Carport, Attached Carport, Detached Carport
Price Per Square Foot 277.97
Source System CRMLS
Special Listing Conditions Standard
Total Units 5
Zoning DOR3*

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Total Stories 2

Exterior Features

Building Area Total 5756.00
Lot Size Acres 0.2000
Lot Size Area 8820.0000
Lot Size Source Assessor
Lot Size Square Feet 8820.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes
Total Parking 10.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90241

Price
AVG $870K
$1.6M
Visits
AVG 66
13
Year Built
AVG 1963
1969
Walkscore
AVG 59
64
Data Provided by Walkscore ® not using MLS data

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