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16818 Downey Ave
Paramount, CA 90723

$18,700,000 USD

Apartments For Sale  •  59,695 SF

Property Details

  • Property Type Apartments
  • Total Building Size 59,695 SF
  • Lot Size 2.3 AC
  • Building Class C
  • Year Built 1976
  • Cap Rate 6.40 %
  • Zoning PARM*
30 Transit Score
60 Walk Score

Highlights

Developed and Constructed by Current Ownership in 1976 - First Time on Market
Ideal Mix of Large 1, 2, & 3 Bedroom Units with Individual Meters
Approximate 6.5% Cap Rate on Current Income, Almost 7.5% on Market
Well-Maintained Building with Recently Replaced Roof & Over 2:1 Parking
Substantial Frontage on Major Thoroughfare
Property Not Subject to Rent Control Outside of AB 1482
Cap Rate: 6.40 %

Public Transportation

Commuter RailDriveWalkDistance
Norwalk/Santa Fe Springs (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 8.3 mi
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 17 min - 9.5 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 12 min - 5.9 mi
Los Angeles International 28 min - 18.6 mi
John Wayne/Orange County 34 min - 25.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 51
Type: Surface
Included in Rent: Yes
Chris Keramati 949-756-3232 Triqor Group
Chris Keramati 949-756-3232 Triqor Group