11560 Paramount BLVD new Save Request In-Person Tour Request Virtual Tour
Downey,CA 90241
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,228 sqft
Price per Sqft $407
MLS Listing ID 25544431
Year Built 1963
Lot Size 0.567 Acres
Property Description
The subject property is a beautiful turnkey building located in central Downey. The building is within short driving distance to the Downey Landing Shopping Center; Stonewood Shopping Center; Downtown Downey; the 5, 605 and 105 Freeways; and restaurants, entertainment venues and other support facilities for which Downey is known. The building is 2-stories and of wood frame and stucco construction, and was built in 1963. The property is in good shape with great cubside appeal. It has an excellent unit mix of (17) 2-bedroom / 1-bath units and (1) 3-bedroom / 2-bath unit. The units average approximately 833 square feet in size and are individually metered for gas and electricity. The building totals 15,228 square feet and sits mid-block on a 24,702 square foot rectangular lot. Amenities and features include secured entry to the property, a community swimming pool, on-site laundry facilities (equipment is rented), and 27 carport parking spaces; 12 free-standing carports and 15 tuck-under carports. The building is subject AB-1482 but there is no local rent control in Downey. The property has substantial rent upside and offers an opportunity to add value.
Location
State CA
County Los Angeles
Area D3 - Southwest Downey, S Of Firestone, W Of Downey
Zoning DOC1*
Interior
Cooling None
Laundry Common Area
Exterior
Parking Features Attached Carport,Detached Carport
Pool Community,In Ground
Community Features Gated,Pool
View Y/N No
View None
Roof Type Composition
Building
Story 2
Sewer Sewer Tap Paid
New Construction No
Others
Special Listing Condition Standard