$5,750,000
$5,750,000
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11716 Gurley AVE Downey, CA 90241
12,646 SqFt
Key Details
Sold Price $5,750,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 12,646 sqft
Price per Sqft $454
MLS Listing ID PW23005386
Sold Date 07/17/23
HOA Y/N No
Year Built 1957
Lot Size 0.419 Acres
Acres 0.419
Property Description
We are pleased to present this 23 unit offering in an excellent rental pocket of Downey, CA. The property has over 49% upside in rental income and has been meticulously maintained from previous ownership. There are 23 surface parking spaces, all new vinyl windows installed in 2022, no municipal rent control, only subject to AB 1482.
Location
State CA
County Los Angeles
Area D3 - Southwest Downey, S Of Firestone, W Of Downey
Zoning DOR3*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Pool Community
Community Features Sidewalks, Pool
Total Parking Spaces 23
Private Pool No
Building
Lot Description Rectangular Lot
Sewer Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 6255014039
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Trade
Special Listing Condition Standard
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Bought with Daniel Gomez • Younglewin Advisors, Inc.