10327 Downey Avenue, Downey CA, 90241

Sold

10327 Downey Avenue

Downey CA, 90241

$3,625,000

$288.25 per sqft

Sold

12,576 sqft

Residential

Built in 1959

Listed by Chris Keramati with Triqor Group 949-756-3232

Majority Large Two and Three Bedroom Units | Over a 4.6% Cap on Current Rents and 5.5% Cap Rate on Market Rents | Highly Desirable North Downey Location | Two Bedroom Units Over 1,000 sf. | Three Bedroom Units Over 1,200 sf. | Washer/Dryer Hookups in Some Units |

The Regency Apartments, a 12-unit apartment building located in Downey, CA. Built in 1959; the property offers (3) 1 bedroom units, (7) 2 bedroom units, and (2) 3 bedroom units. Each unit is very spacious and contains either a large patio or balcony. Community amenities include covered parking, laundry facility, and an open courtyard. The Regency Apartments offers an investor to acquire an income producing asset with over a 5% cap rate on market rents.

PW20076540

MLSⓇ ID

March 18, 2024

Updated

Interior Features

Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.36 Acres
Lot Features: Landscaped
Sewer: Public Sewer

Other Property Details

Area Name: 699 - Not Defined
Days on Market: 6
Garage: No
Parking Total: 12
View: No
County: Los Angeles
Water Source: Public
Pool Features: None
Zoning: DOR3*

Listing Contact: 949-756-3232

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/18/2024 at 5:36 PM UTC