10611-10617 Western Avenue

Downey, CA 90241

$2,785,000
Last Sold Price
2
Beds
16
Baths
7,988 Sq. Ft.
$349 / Sq. Ft.
7,988
Sq. Ft.
$349
per Sq. Ft.

Description

Introducing a prime investment opportunity in the heart of Downey, CA. This meticulously maintained property offers a ±7,988 SF building comprising 8 units, each with a long history of 100% occupancy. Built in 1968, the property showcases timeless architecture and thoughtful design elements. Situated in a sought-after location, this multifamily gem presents a lucrative prospect for low-rise/garden investors seeking a stable and reliable income stream. With a strong rental history and attractive features,...Introducing a prime investment opportunity in the heart of Downey, CA. This meticulously maintained property offers a ±7,988 SF building comprising 8 units, each with a long history of 100% occupancy. Built in 1968, the property showcases timeless architecture and thoughtful design elements. Situated in a sought-after location, this multifamily gem presents a lucrative prospect for low-rise/garden investors seeking a stable and reliable income stream. With a strong rental history and attractive features, this property exemplifies the potential for sustained growth and profitability in the thriving Downey market.
  1. Listed by Doug Rodermund • DRE #01314304 • Brokerage DRE #01220368 • Morgan Skenderian • dsr@morganskenderian.com
  2. Listed by Jay Skenderian • DRE #01220368 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 10611-10617 Western Avenue

Parking Spaces Total
16
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7988
Assessor Parcel Number
6251-035-005
Property Attached YN
true
LISTING UPDATED: 01/28/2025 02:23 AM

Property Details for 10611-10617 Western Avenue

StatusClosed
MLS #PW24227487
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1968
CountyLos Angeles County

Building Information for 10611-10617 Western Avenue

Building/Complex10611-10617 Western AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1968Building Size-

Property Information for 10611-10617 Western Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $4,032
  • Gross Scheduled Income: $225,444
  • Vacancy Allowance: 6763
  • Gross Operating Income: $218,680
  • Net Operating Income: $149,784
  • Laundry Income: $2,400
  • Other Income 1: $1,632
  • Gross Multiplier: 12.2
  • Cap Rate: 5.5
  • Financing: Cash
Expense Details
  • Operating Expense: $68,896
  • New Taxes Expense: $34,385
  • Fuel Expense: $3,238
  • Electric Expense: $3,238
  • Insurance Expense: $4,510
  • Maintenance Expense: $13,527
  • Professional Management Expense: $0
  • Other Expense: $1,000
  • Other Expense Description: misc
  • Trash Expense: $3,238
  • Water Sewer Expense: $3,238
  • Total Expenses: $68,896
Tax / Assessment Info
  • Tax Annual Amount: $34,385
  • Tax Block: 5
  • Tax Tract Number: 33,5
  • Tax Census Tract: 5509.01
  • Tax Lot: 5
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 6251035033
  • Lot Features: Rectangular Lot
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 1
  • Carport Spaces: 9
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,306
  • Unit Type Total Rent: $18,451
  • Unit Type Pro Forma: 2795
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 2

Property History for 10611-10617 Western Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 10611-10617 Western Avenue

This home is within Downey Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Rio Hondo Elementary School
PublicK to 5

Griffiths Middle School
Public6 to 8

Warren High School
Public9 to 12

Woodruff Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Doug Rodermund, DRE #01314304; Morgan Skenderian, Jay Skenderian, DRE #01220368

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.