Property
Listing Agent: Sean Stanfield (DRE #01024996) · Listing Office: Pacific Sotheby's Int'l Realty · Contact: 7144213377 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #OC24076273 · Source: CRMLS
17-unit apartment building located in the city of Downey with no municipality rent control. Value andded Asset. The property has over 100% upside in rental income. Property has 7 vacant units and one unit with on-site manager. New buyer able to upgrade units and get full market price for units. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed,1 bath units. Good size building at over 15,000 living square feet and 23,000 sq. ft. lot. All units have in-unit laundry hook ups almost all units have central air and heat.
Listing description from the March 2025 sale, as reported to CRMLS.