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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW15257870
Sold Date 03/10/16
HOA Y/N No
Year Built 1963
Lot Size 10,410 Sqft
Property Description
XLNT! Location for Beautiful Garden Apartment investment. 3 Easy blocks to Downey's Lakewood transportation corridor & GREEN LINE, NEW Shopping Promenade, Kaiser Medical Center, Columbia Memorial Space Center and Alameda Elementary School. Conforming residential neighborhood of multi-family and well kept homes. 2nd generation of owner/builder family is selling this HI-DEMAND property - FIRST TIME on the Market. Established Landscaping with open court yard for downstairs units. Upstairs open balcony patio. Shared Laundry Room. LOCKED Storage units for each apartment. Recent exterior paint.
Exterior is clean, well kept. Interiors not inspected. FABULOUS! upside rent potential. Long term tenant for original owner allows for upside on rents. Upside rents are ESTIMATES based unit renovations and area comparable. Agents & buyers should do their own research and calculate their own numbers.
Location
State CA
County Los Angeles
Area D4 - Southeast Downey, S Of Firestone, E Of Downey
Interior
Heating Electric
Fireplaces Type Outside
Fireplace Yes
Appliance Electric Oven, Electric Range, Electric Water Heater, Disposal
Laundry Common Area
Exterior
Garage Assigned, Carport
Carport Spaces 10
Pool None
Community Features Sidewalks
Utilities Available Sewer Available, Water Connected
Parking Type Assigned, Carport
Total Parking Spaces 20
Private Pool No
Building
Lot Description 6-10 Units/Acre, Level, Near Public Transit, Paved, Yard
Story Two
Entry Level Two
Foundation Raised
Water Public
Architectural Style Traditional
Level or Stories Two
Others
Senior Community No
Tax ID 6261005032
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Kim Manzanares • Manzanares Real Estate
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