Downey, CA 90241,10518 Western Avenue

$3,750,000

Est. payment /mo

$3,700,000

1.4%
Est.Price: ?

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10518 Western Avenue Downey, CA 90241

5 Beds

5 Baths

0.4 Acres Lot

SOLD DATE : 01/06/2025

Key Details

Sold Price $3,750,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24227517

Sold Date 01/06/25

Bedrooms 5

HOA Y/N No

Lot Size 0.399 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

This well-maintained 11,059 SF building, constructed in 1973, features 12 spacious units, making it an attractive option for multifamily, low-rise, and garden-style investors. Each unit offers modern amenities and ample natural light, while the property's convenient location provides easy access to essential services and major transportation routes. With a proven track record of strong rental demand in the area, this property presents a promising prospect for investors seeking to capitalize on the robust multifamily real estate market in Downey.
This well-maintained 11,059 SF building, constructed in 1973, features 12 spacious units, making it an attractive option for multifamily, low-rise, and garden-style investors. Each unit offers modern amenities and ample natural light, while the property's convenient location provides easy access to essential services and major transportation routes. With a proven track record of strong rental demand in the area, this property presents a promising prospect for investors seeking to capitalize on the robust multifamily real estate market in Downey.

Location

State CA

County Los Angeles

Area Downey (90241)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $291

Acceptable Financing Cash, Conventional

Space Rent $1,856

Listing Terms Cash, Conventional

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Doug Rodermund • Morgan Skenderian
Bought with General NONMEMBER • NONMEMBER MRML
agent

Tadd Bennett

Broker | License ID: 01926503

+1(760) 222-7717

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