Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

6

Building size

5,054 sqft

Lot size

6,917 sqft

Year built

1961

Stories

2

Garage spaces

1

Heating

None

Cooling

None

Status

Active

Days on market

0

MLS #

248956216

About this property

We are pleased to present 10502 Western Avenue, a well-maintained 6-unit apartment building located in the highly sought after North Downey area. The property features an attractive 100% two-bedroom/one-bath unit mix, dual-pane windows throughout, upgraded electrical panels, separately metered gas and electricity, seven on-site parking spaces, and an on-site laundry facility providing additional income. The property offers convenient access to Downtown Downey, shopping, dining and major freeways. North Downey remains one of the most desirable residential areas in the city, making 10502 Western Avenue an excellent opportunity to acquire a well-located multifamily asset in a highly sought-after rental market. The City of Downey does not have a local rent control ordinance; the property is subject to statewide rent regulations.

Location

10502 Western Avenue

Downey, Los Angeles, CA, 90241