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10518-10524 Western Ave
Downey, CA 90241

$3,700,000 USD

Apartments For Sale  •  10,095 SF

Property Details

• Property Type Apartments
• Total Building Size 10,095 SF
• Lot Size 0.4 AC
• Building Class C
• Year Built 1973
• Cap Rate 5.57 %
• Zoning R3

0 Transit Score

73 Walk Score

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

Financial Summary (Actual)

Net Operating Income: $205,955 USD (2023)

Cap Rate:	5.57 %
Total Expenses:	$86,035 USD

Amenities

• Refrigerator

Public Transportation

Commuter Rail	Drive	Walk	Distance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	4.3 mi
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	5.6 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	21 min	-	10.6 mi
Los Angeles International	28 min	-	19.1 mi
Bob Hope	36 min	-	27.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	7
Type:	Surface
Included in Rent:	Yes