9319 Washburn Road

    Downey, CA 90242
    • $4,960,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: TR18181536
    $4,960,000
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,432
      SQFT
    • $344
      $/SQFT

    School Ratings & Info

    Description

    We are pleased to present the rare opportunity to acquire a 18-unit multi-family investment in Downey, California. The property is located at 9319 Washburn Road, Downey, one of the most desirable city in Los Angeles County. Walkable Distance to Kaiser Permanente Downey Medical Center and Promenade at Downey. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 2 one-bedroom/ one-bath units and 16 two-bedroom/one-bath units. Selected Units Have Been Upgraded with New Flooring, Giant countertop and New Appliances. This property offers upscale for investors to invest an asset with well-maintained condition.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.mainstreetgroup.com/homes/86033198

    9319 Washburn Road Downey, CA 90242

    • Price: $4,960,000
    • Status: Active
    • ID#: TR18181536
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    14,432
    SQFT
    $344
    $/SQFT
    1962
    Built
    Neighborhood:
    D4 - Southeast Downey, S of Firestone, E of Downey
    County:
    Los Angeles
    Area:
    D4 - Southeast Downey, S of Firestone, E of Downey
    Property Description
    We are pleased to present the rare opportunity to acquire a 18-unit multi-family investment in Downey, California. The property is located at 9319 Washburn Road, Downey, one of the most desirable city in Los Angeles County. Walkable Distance to Kaiser Permanente Downey Medical Center and Promenade at Downey. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 2 one-bedroom/ one-bath units and 16 two-bedroom/one-bath units. Selected Units Have Been Upgraded with New Flooring, Giant countertop and New Appliances. This property offers upscale for investors to invest an asset with well-maintained condition.
    Exterior Features

    Garage Spaces 0.00 Lot Features Lot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 0.00 Parking YN Yes Pool Features Community Pool Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.15 Community Features Urban Country Us Electric Expense 1527.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1320.00 Gross Income 321191.00 Gross Multiplier 15.27 Gross Operating Income 321191.00 Gross Scheduled Income 324756.00 Insurance Expense 4097.00 Land Lease YN No Laundry YN Yes Maintenance Expense 9500.00 Net Operating Income 205604.00 New Construction YN No New Taxes Expense 60972.00 Number Of Separate Electric Meters 19 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 1 Number Of Units Leased 18 Operating Expense 115587.00 Other Income1 6178.00 Pool Expense 2160.00 Professional Management Expense 12848.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 27063.00 Total Expenses 115587.00 Trash Expense 3330.00 Vacancy Allowance 9743 Vacancy Allowance Rate 3.00 Water Sewer Expense 5433.00 Water Source None Workmans Compensation Expense 14400.00 Zoning Dor3*

    Listing provided courtesy of Jared Leung of Macroreal Inv Grp Inc. and Grady Liu of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Mainstreet Realtors®
    8577 Haven Ave, Suite 100
    Rancho Cucamonga CA, 91730