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Key Details
Sold Price $3,145,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW14155493
Sold Date 11/12/14
HOA Y/N No
Year Built 1949
Lot Size 0.374 Acres
Property Description
Located in North Downey among multimillion dollar historic homes, directly next door to Our Lady of Perpetual Help private school, and across the street from the landmark architecture of the First Presbyterian Church of Downey—this property offers a buyer the opportunity to purchase a rare gem in an excellent rental market. The subject property has prime street exposure along Downey Avenue, the main thoroughfare and most prestigious street to own apartments on in the region. The property consists of (2) studios, (6) one-bedrooms/one bath, (6) two bedrooms/one bath and (2) two bedroom/two bath + dens. There is new lush landscaping throughout the community along with a new luxurious brick courtyard and walkways, providing tenants with an atmosphere of quiet enjoyment with a modern feel. The owners have recently upgraded the interiors of the units and installed new copper plumbing. The exterior has been extensively renovated as well, with a new modern paint scheme being implemented, new parking lot surface, new sewer line and other improvements.
Location
State CA
County Los Angeles
Area D2 - Northwest Downey, N Of Firestone, W Of Downey
Interior
Fireplace No
Exterior
Carport Spaces 10
Pool None
Community Features Curbs, Sidewalks
Utilities Available Sewer Available
Total Parking Spaces 16
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 6252024006
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Doug Rodermund • Morgan Skenderian