$8,400,000
SOLD JUL 30, 2025

11801 Lakewood Blvd Downey, CA 90241

1 Bed
1 Bath
19,575 Sq Ft
1.04 Acres

Recently Sold

$429 Per Sq Ft

1% Below List Price

10 Days on Market

Highlights

  • Private Pool
  • 1.04 Acre Lot
  • Rectangular Lot
  • Downey High School Rated A
  • Laundry Room

About This Home

As of July 2025

The Downey Villa Apartments offer an investor the opportunity to acquire 45 units in the best location of all of Downey—caddy corner to the Downey Landing development. The property has phenomenal exposure on the high-traffic major thoroughfare of Lakewood Boulevard and Stewart & Gray Road. Residents enjoy a community pool, on-site parking, an on-site laundry room and a quick walk across the street to all Downey Landing has to offer.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 04/14/2025

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 04/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $108,060

Year Built

  • Built in 1953

Lot Details

  • 1.04 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 19,575 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 62 Open Parking Spaces
  • 62 Parking Spaces

Outdoor Features

  • Private Pool
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 13183
  • Assessor Parcel Number 6255024076
  • $6,243 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 46 Separate Electric Meters
  • 46 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $9,281
  • Fuel Expense $9,281
  • Gardener Expense $2,720
  • Insurance Expense $8,078
  • Maintenance Expense $25,308
  • Other Expense $2,500
  • Pest Control $3,337
  • Pool Expense $3,740
  • Professional Management Expense $27,031
  • Trash Expense $9,281
  • Water Sewer Expense $9,281
  • New Taxes Expense $108,060
  • Operating Expense $229,903
  • Gross Income $4,800
  • Net Operating Income $542,434

Additional Features

  • 45 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$108,060

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.30
  • Price Per Unit: 188889
  • Professional Management Expense: 27031.00
  • Property Attached: Yes
  • Water Sewer Expenses: 9281.00
  • Zoning: DOR3-P*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2720.00
  • Parcel Number: 6255024076
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 429.12

Exterior Features

  • Pool Expense: 3740.00
  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Total Parking Spaces: 62.00
  • Uncovered Spaces: 62.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 3337.00
  • Sewer: Public Sewer
  • Trash Expense: 9281.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 45333.00
  • Lot Size Acres: 1.0407

Multi Family

  • Electric Expense: 9281.00
  • Fuel Expense: 9281.00
  • Gross Income: 4800.00
  • Gross Multiplier: 10.68
  • Gross Operating Income: 772337.00
  • Gross Scheduled Income: 796224.00
  • Insurance Expense: 8078.00
  • Lot Size Area: 45333.0000 Square Feet
  • Maintenance Expense: 25308.00
  • Net Operating Income: 542434.00
  • Number Of Separate Electric Meters: 46
  • Number Of Separate Gas Meters: 46
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 45
  • Operating Expense: 229903.00
  • Other Expense: 2500.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Expenses: 229903.00
  • Vacancy Allowance: 23886

Tax Info

  • New Taxes Expense: 108060.00
  • Tax Census Tract: 5513.00
  • Tax Lot: 9
  • Tax Tract Number: 13183
  • Tax Annual Amount: 108060.00
  • TaxOtherAnnualAssessmentAmount: 6243.00

Range of Values:

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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 Change Sq Ft Price
07/30/2025 07/30/25 Sold $8,400,000 -1.2% $429 / Sq Ft
04/24/2025 04/24/25 Pending -- -- --
04/14/2025 04/14/25 For Sale $8,500,000 -- $434 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2025

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    5 in this area

    22 Total Sales

    Doug Rodermund
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25082228

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Downey 90241

11801 Lakewood Blvd, Downey, CA

This home is located at 11801 Lakewood Blvd, Downey, CA 90241 and is currently priced at $8,400,000, approximately $429 per square foot. This property was built in 1953. 11801 Lakewood Blvd is a home located in Los Angeles County with nearby schools including Alameda Elementary School, Carpenter Elementary School, and Sussman Middle School.

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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