12433 Rose Avenue
Downey, CA 90242
0.11 acres | #DW24138683
Description
Amazing opportunity to own this 6-unit income property building in Downey!
This property has a recent exterior updates including a fresh coat of paint to the building, stairs and railings adding to curb appeal.
Located within walking distance to Downey Promenade and minutes away from Downey Landing … Just steps from a variety of restaurants, shopping, Walmart, Cinemark theatres and more. This property includes two units with 2-bedrooms; 1 bath and four units with 1-bedroom; 1 bath.
All units have been completely gutted and renovated with new fixtures (windows, flooring, kitchens, bathrooms, etc.) within the last several years and as recent as 2020 and 2022. Most units include a stove/oven range. All the units include in-wall AC units and ceiling fans in the living/dining room and all bedrooms.
All 1-bedroom units include a breakfast bar area for dining. Two units have upgraded kitchens and bathrooms with quartz countertops and cabinets and one unit bathroom has new bathtub with installed shower doors.
Property includes a community laundry room with newly leased (2022) Maytag coin and APP operated washer and dryer, which pays for itself and adds an additional source of income. Property also includes a small storage room, one off-street parking space for each unit and a security camera system that is accessible via an application for remote monitoring.
With some units below market rents, due to long term tenants, this creates an ideal opportunity for an investor to grow this property’s potential, allowing for an increase in future rental income.
Property Details
- Lot DescriptionItem610UnitsAcre
- Stories2
Measurements
- Acres0.1148
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1959
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,598,000
Other
- MLS #DW24138683
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Maribel Membreno (#YMEMBMAR)
Listing Office: Real Estate Xperts (#YREX)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
