NOT LISTED FOR SALE

10502 La Reina Ave Downey, CA 90241

10 Beds
9 Baths
5,756 Sq Ft
8,820 Sq Ft Lot

Last Sold January 21, 2021

Last sale price $1,600,000 $278 Per Sq Ft

8 Days on Market

Highlights

  • 10 Carport Spaces
  • Warren High School Rated A-
  • Central Heating and Cooling System

About This Home

As of January 2021

We are pleased to present a premium 5-unit apartment building located in of the most sought after areas along the 605 corridor, in North Downey. Key building and property highlights include extra spacious 2-bedroom units, central heating and air conditioning, a 2:1 parking ratio, and new plumbing for all 5 units, including the main water line from the meter. With approximately 20% upside in the rents, a new owner has an excellent opportunity to increase the cash flow substantially. The city of Downey has had a tremendous amount of new development in recent years, and is positioned to remain an extremely strong rental market for years to come.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 12/08/2020

Remax Commercial and Investment Realty

Last Buyer's Agent

Sheetal Parekh

Sheetal Parekh Broker License #01348711

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 8,820

Interior Spaces

  • 5,756 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Parking

  • 10 Parking Spaces
  • 10 Carport Spaces

Additional Features

  • 8,820 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 6252-025-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5756
  • Lot Acreage: 0.2025
  • Stories: 2
  • Year Built: 1969
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 277.97

Exterior Features

  • Other Structures: None

Garage/Parking

  • Carport Spaces: 10
  • Parking Garage: Carport, Carport Attached, Carport Detached
  • Total Parking: 10

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 79.13
  • Assessed Improvement Value: 201728
  • Assessed Land Percent: 20.87
  • Assessed Land Value: 53208
  • Total Assessed Value: 254936
  • Assessor Parcel Number: 6252-025-011
  • Lot Size Area: 8820

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.60
  • Number Of Units: 5
  • Type Of Units: Multi-Family

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2021 01/21/21 Sold $1,600,000 0.0% $278 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/08/2020 12/08/20 For Sale $1,600,000 -- $278 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Buyer's Agent in 2021

    Sheetal Parekh

    Sheetal Parekh Broker

See All Agents

Map

Source: The MLS

MLS Number: 20-668748

The MLS
California Los Angeles County Downey 90241

10502 La Reina Ave, Downey, CA

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