11560 Paramount Boulevard, Downey, CA 90241
  • MLS#: 25544431 ( )
  • Street Address: 11560 Paramount Boulevard
  • Viewed: 1
  • Price: $6,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 10
  • Additional Information
  • County: LOS ANGELES
  • City: Downey
  • Zipcode: 90241
  • Provided by: Remax Commercial and Investment Realty
  • Contact: Juan Juan
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Accessibility Features
  1. None
Appliances
  1. Disposal
  2. Range Hood
Building Area Total
  1. 15228.00
Carport Spaces
  1. 27.00
Construction Materials
  1. Stucco
Cooling
  1. None
Country
  1. US
Direction Faces
  1. West
Entry Location
  1. Main Level
Garage Spaces
  1. 0.00
Interior Features
  1. Ceiling Fan(s)
Laundry Features
  1. Community
Levels
  1. Two
Netoperatingincome
  1. 271181.00
Parcel Number
  1. 6255015004
Parking Features
  1. Detached Carport
  2. Attached Carport
Pool Features
  1. Community
  2. In Ground
Roof
  1. Composition
Security Features
  1. Gated Community
  2. Automatic Gate
Sewer
  1. Sewer Paid
Sourcesystemkey
  1. 25544431:CLAW
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 193223.00
View
  1. None
Year Built
  1. 1963
Year Built Source
  1. Assessor
Zoning
  1. DOC1*