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11560 Paramount Blvd
Downey, CA 90241

Price Upon Request

Apartments For Sale  •  15,228 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,228 SF
  • Lot Size 0.38 AC
  • Building Class C
  • Year Built 1963
  • Zoning C1, Downey
0 Transit Score
77 Walk Score

Highlights

EXCELLENT RENTAL LOCATION IS CENTRAL DOWNEY
GREAT UNIT MIX OF: (17) 2-BEDROOM / 1-BATH AND (1) 3-BEDROOM / 2-BATH
SUBSTANTIAL RENT UPSIDE AND OPPORTUNITY TO ADD VALUE
NO LOCAL RENT CONTROL - AB 1482 ONLY
EXISTING SPACE USED AS A SINGLE APARTMENT (NOT RENTED) THAT COULD BE CONVERTED TO AN ADU (BUYER TO CHECK WITH CITY OF DOWNEY)
EXCELLENT ON-SITE AMENITIES

Financial Summary (Actual)

Net Operating Income: $277,767 USD (2024)
Total Expenses: $186,637 USD

Amenities

  • Laundry Facilities
  • Pool
  • Security System
  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 4.8 mi
Norwalk/Santa Fe Springs (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 5.5 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 20 min - 9.9 mi
Los Angeles International 27 min - 18.4 mi
Bob Hope 38 min - 28.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 27
Type: Surface
Included in Rent: Yes