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Downey, 90241
$5,900,000

Units

40

Building Size

42,188 sf

Lot Size

47,698 sf

Status

Sold

Listing Agent: Louis Mannone, Re/Max R. E. Specialists

Downey

Downey, 90241

About This Property

Downey Landing Area-'Upgraded' 40 unit building with 80 parking total (40 carports & 40 open spaces). This spectacular building is 42,188sqft-on 1 ac.-it is comprised of 24- 2bd/1.5ba townhouse style units, 2-larger 2bd/1.5ba 'end unit' townhouse style units, 6- 2bd/1.5bs 'tri-level' townhs units approx 1500sqft, 6- 2bd/2ba 'flat' floor plans, and 2- 1bd/1ba units. 35 units have been rehabed. An estimated $300,000 was spent doing the rehab, which also included: a newer roofs, painting of the exterior, & updating of 35 units (updated kitchens, bathrooms, flooring, stoves, d/w, blinds etc). There are 2 on-site laundry rooms, 1 pool + pool rec rm & 1 storage shed. The subject property is only 1 block, 'walking' distance to the 'Downey Landing' shopping center offering major retailers & restaurants. Downey's central location provides great freeway access to the surrounding 5, 605 & 105 freeways. General amenities-Central FA/AC-separate electric meters-NO Rent Control-2 W/D per laundry rm.

Neighborhood

This property is located in Downey. Want to learn more about the area?

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Sold For

$5,900,000

Listing Agent

Louis Mannone

Re/Max R. E. Specialists