11560 Paramount Blvd Downey, CA 90241
Estimated payment $40,904/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.
Last Listed By
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 |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | For Sale | $6,200,000 | -- | $407 / Sq Ft |
Source: The MLS
MLS Number: 25544431
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