10518-10524 Western Ave - Apartments FOR SALE


Downey, CA 90241
$3,700,000 USD
949-295-8560
10518-10524 Western Ave, Downey, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/6
null | 5.57% Cap Rate

10518-10524 Western Ave
Downey, CA 90241


HIGHLIGHTS

  • Rare Opportunity to Acquire Prime Multifamily Asset in North-Downey Location
  • First Time on the Market in 30+ Years
  • Mix of 1 & 2-Bedroom Units with Massive Floorplans
  • ±1,556 Square Foot Owners-Unit
  • Over 2:1 Parking Ratio
  • Ideal 1973 Vintage Construction

OVERVIEW

Morgan Skenderian is pleased to present The Carolinas. This well-maintained ±11,059SF building, constructed in 1973, features 12 spacious units, making it an attractive option for multifamily, low-rise, and garden-style investors. Each unit offers modern amenities and ample natural light, while the property's convenient location provides easy access to essential services and major transportation routes. With a proven track record of strong rental demand in the area, this property presents a promising prospect for investors seeking to capitalize on the robust multifamily real estate market in Downey.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

12

PRICE/UNIT

$308,333

CAP RATE

5.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Carolinas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,400 SF

ZONING

R3

APN/PARCEL ID

6252-026-018,6252-026-030

ASK ABOUT THIS PROPERTY

Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.