10727 Marbel Avenue, Downey, CA 90241

About this property

4 unit apartment building located in the best rental pocket of Downey, CA. This property is located across Downey High School right off 5th Street and a few steps to Stonewood Mall. The location of the property is irreplaceable and is in the best area of Downey which is the best city to own rental property in the South East Los Angeles rental market since it does not have rent control and has seen a huge increase in rent levels and decrease in vacancy factor. Rents in Downey are consistently the highest in the area. The unit mix is comprised of (2) 2bd/1ba units and (2) 1bd/1ba units. The units are in excellent condition and offer huge upside in rental income. Current rents are under market by about 20%.

Listing description from the July 2019 sale, as reported to CRMLS.

Sale history

$1,150,000

Sold July 2019 · listed $1,195,000, on market May 2019 · MLS #DW19103574 · Source: CRMLS

Listing Agent: James Torres · Listing Office: Keller Williams Realty Downey · Contact: 562-334-1500 · Bought with: James Torres · Keller Williams Realty Downey

$1,065,000

Sold September 2018 · listed $1,100,000, on market August 2018 · MLS #DW18205000 · Source: CRMLS

Listing Agent: Michelle Secord · Listing Office: Century 21 Peak · Contact: 562-927-2626 · Bought with: Michelle Secord · Century 21 Peak

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