Homes for sale - 11560 Paramount Boulevard, Downey, CA 90241

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Danielle Broad

smiles4dee@gmail.com +1(925) 383-9200

$6,200,000

Est. payment - /mo

15,228 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 15,228 sqft

Price per Sqft $407

MLS Listing ID CL25544431

HOA Y/N No

Year Built 1963

Lot Size 0.567 Acres

Acres 0.57

Property Sub-Type Other

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

Zoning DOC1

Interior

Cooling None

Fireplace No

Exterior

Utilities Available Other Water/Sewer

View Y/N false

View None

Building

Water Other

New Construction No

Others

Tax ID 6255015004

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Listed by Juan Cardenas • Remax Commercial and Investment Realty

+1(925) 383-9200

smiles4dee@gmail.com

11560 Paramount Boulevard Downey, CA 90241