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
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of January 17, 2021 1:52 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
