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11560 Paramount Blvd, Downey, CA 90241

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For Sale

$5,650,000

15,228 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $371.03
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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. Moreover, there's an existing free-standing space built -out with a single apartment (unit is not rented) that could be converted to an ADU for additional rental income (Buyer to check with the city of Downey).
MLS# 25544431

Courtesy Of RE/MAX Commercial & Investment

(213) 817-1000

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range
  • Architecture Style
    Other
  • Exterior Type
    Stucco
  • Lot Size
    0.57 Acres

Map and Directions

Directions to 11560 Paramount Blvd, Downey, CA 90241

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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