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NewLuxury

$2,100,000

5,054 sqft$416/sqft11 days on market

10502 Western Avenue

Downey, CA 90241

· 8% down, 7% APR, 30yr fixed

12

Beds

6

Baths

5,054

Square feet

1961

Built

Listing narrative

Description

We are pleased to present 10502 Western Avenue, a well-maintained 6-unit apartment building located in the highly sought after North Downey area. The property features an attractive 100% two-bedroom/one-bath unit mix, dual-pane windows throughout, electrical panel replacements, separately metered gas and electricity, seven on-site parking spaces, and an on-site laundry facility providing additional income. The property offers convenient access to Downtown Downey, shopping, dining and major freeways. North Downey remains one of the most desirable residential areas in the city, making 10502 Western Avenue an excellent opportunity to acquire a well-located multifamily asset in a highly sought-after rental market. The City of Downey does not have a local rent control ordinance; the property is subject to statewide rent regulations. **DRIVE BY ONLY. DO NOT WALK THE PROPERTY OR CONTACT THE TENANTS.**

Listing agent (MLS): Nick Petrosian · Listing brokerage (MLS): Remax Commercial and Investment Realty

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$2,100,000

Beds

12 bd

Type

House

Home Size

5,054 sqft

Baths

6

Lot Size

0.16 acres

Year

1961

Status

New

Days on Market

11

$ / Sqft

$416

· 8% down, 7% APR, 30yr fixed
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Courtesy of Remax Commercial and Investment Realty