Introducing a prime investment opportunity in the heart of Downey, CA. This meticulously maintained property offers a ±7,988 SF building comprising 8 units, each with a long history of 100% occupancy. Built in 1968, the property showcases timeless architecture and thoughtful design elements. Situated in a sought-after location, this multifamily gem presents a lucrative prospect for low-rise/garden investors seeking a stable and reliable income stream. With a strong rental history and attractive features, this property exemplifies the potential for sustained growth and profitability in the thriving Downey market.
Property Details
Property Features
Property Information:
Year Built: 1968
Stories: 2
Listing Office:
Office Name: Morgan Skenderian
Office Email: dsr@morganskenderian.com
Listing Agent: Doug Rodermund
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 1 space
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 0.34 Acres
Other
Directions Information:
Directions: South of Firestone and East of Paramount Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $2,750,000
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Housing Market Comparison
See how this home compares to others in Downey, CA.
This property is $1.9M more than the Median Sold Price in Downey, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW24227487
Listing Office:
Office Name: Morgan Skenderian
Office Email: dsr@morganskenderian.com
Listing Agent: Doug Rodermund
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Rio Hondo Elementary
7731 Muller St
Distance between this listing and this school0.49 miles
Public District Grades KG-5
8
/10
Williams Elementary
7530 Arnett St
Distance between this listing and this school0.90 miles
Public District Grades KG-3
7
/10
Price Elementary
9525 Tweedy Ln
Distance between this listing and this school1.07 miles
Public District Grades KG-5
Nearby Schools
7
/10
Griffiths Middle School
9633 Tweedy Ln
Distance between this listing and this school0.93 miles
Public District Grades 6-8
7
/10
Doty Middle School
10301 Woodruff Ave
Distance between this listing and this school1.21 miles
Public District Grades 6-8
7
/10
Stauffer Middle School
11985 Old River School Rd
Distance between this listing and this school1.48 miles
Public District Grades 6-8
Nearby Schools
8
/10
Downey High School
11040 Brookshire Ave
Distance between this listing and this school0.61 miles
Public District Grades 9-12
7
/10
Warren High School
8141 De Palma St
Distance between this listing and this school0.79 miles
Public District Grades 9-12
3
/10
Columbus (Christopher) High School
12330 Woodruff Ave
Distance between this listing and this school2.03 miles
The neighbors living near this home have an average income of $59,826. Most Downey, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1061110617 Western Ave
What is the listing price of this property?
The listing price of 1061110617 Western Ave property is $2,750,000.
What type of property is this?
The property 1061110617 Western Ave is a condo located in Downey, California, 90241.
Is this property for sale now?
Active Listing: 1061110617 Western Ave is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 1061110617 Western Ave is 1968.
Interested in 1061110617 Western Ave? Let's connect.
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This home is located at 1061110617 Western Ave in Downey, CA and zip code 90241 in the The Southeast neighborhood. This home, which was built in 1968, sits on a 0.34 acre lot. It has been listed on Rocket Homes since November 05, 2024 and is currently priced at $2,750,000.
While more than 10 listings in Downey, CA in October 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 7 were sold below. The inventory of homes for sale in Downey, CA between September 2024 and October 2024 increased by 2.8%. While the average time on the market in October 2024 was 38 days, the median list price was $835,333.
From Rocket Homes Real Estate and based on county public records data.
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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