11560 Paramount Blvd Downey, CA 90241
Estimated payment $36,855/month
Highlights
- In Ground Pool
- 0.57 Acre Lot
- Ceiling Fan
- Warren High School Rated A-
- 27 Carport Spaces
- Laundry Facilities
About This Home
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).
Listing Agent
Remax Commercial and Investment Realty License #01233927 Listed on: 05/28/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.57 Acre Lot
- West Facing Home
- Gated Home
Home Design
- Composition Roof
- Stucco
Interior Spaces
- 15,228 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Leased Washer and Dryer
Kitchen
- Oven or Range
- Range Hood
- Disposal
Parking
- 27 Parking Spaces
- 27 Carport Spaces
- Automatic Gate
Pool
- In Ground Pool
Utilities
- Heating System Mounted To A Wall or Window
- Shared Water Source
- Central Water Heater
Listing and Financial Details
- Assessor Parcel Number 6255-015-004
Community Details
Overview
- Association fees include alarm system
- 2 Buildings
- 18 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- Rent Control
- Vacancy Allowance $14,132
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Price Changed | $5,650,000 | -4.2% | $371 / Sq Ft |
| 06/17/2025 06/17/25 | Price Changed | $5,900,000 | -4.8% | $387 / Sq Ft |
| 05/28/2025 05/28/25 | For Sale | $6,200,000 | -- | $407 / Sq Ft |
Source: The MLS
MLS Number: 25544431
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 11709 Samoline Ave
- 7847 Brookmill Rd
- 11611 Gurley Ave
- 11412 Rives Ave
- 7738 Adwen St
- 8328 Texas St
- 11518 Horton Ave
- 11410 Dolan Ave Unit 328
- 11410 Dolan Ave Unit 227
- 11410 Dolan Ave Unit 103
- 11410 Dolan Ave Unit 237
- 11410 Brookshire Ave Unit 424
- 11410 Brookshire Ave Unit 319
- 11410 Brookshire Ave Unit 114
- 11410 Brookshire Ave Unit 124
- 10736 La Reina Ave
- 8548 Manatee St
- 12124 Anderberg Ave
- 12066 Horley Ave
- 7508 Pivot St
- 11612 Mcgovern Ave
- 11413 Samoline Ave
- 11724 Gurley Ave
- 11635 Downey Ave
- 8127 Stewart And Gray Rd Unit 3
- 8207 Stewart And Gray Rd
- 7845 Stewart & Gray Rd
- 7832 3rd St
- 7801 2nd St
- 12054 Downey Ave
- 11440 Old River School Rd Unit 6
- 11440 Old River School Rd Unit 3
- 7733 Corey St
- 11942-11952 Old River School Rd
- 11841 Old River School Rd
- 7973 Harper Ave
- 10520 Paramount Blvd
- 10507 Myrtle St Unit C
- 11990 Old River School Rd
- 10415 Paramount Blvd