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    10601 Parrot Avenue

    Downey, CA 90241
    • $4,000,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: PW20133410
    UPDATED: 151 min ago
    $4,000,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,288
      SQFT
    • $431
      $/SQFT

    School Ratings & Info

    Description

    Nestled on a quiet cul-de-sac a short distance from both major Downey thoroughfares of Florence Ave and Firestone Blvd, this 2-building, 16-unit property at 10601 Parrot Ave offers the perfect combination of convenience and seclusion. The property is largely removed from the dense neighborhoods that surround it which were mainly developed during the peak of Downey+GGs cold-war-era expansion. The property consists of over 9,000 square feet of livable space with a unit mix of four 2-bedroom units, and twelve spacious 1-bedroom units. The building is individually metered for gas and electric and has a flat roofs on both buildings. In addition to its close proximity to schools, employment, and enjoyment, the tenants enjoy on-site amenities including a spacious courtyard, carport parking and laundry room. With market rents a mere 15% away, a new owner should be able to achieve them in less than 2 increases.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-21T08:25:32.83. 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 or Steele Canyon Realty. Licensed in the State of California, USA.

    www.steelecanyonrealty.com/homes/107607367
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    10601 Parrot Avenue Downey, CA 90241

    • Price: $4,000,000
    • Status: Active
    • Updated: 151 min ago
    • ID#: PW20133410
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    9,288
    SQFT
    $431
    $/SQFT
    1957
    Built
    Neighborhood:
    D1 - Northeast Downey, N of Firestone, E of Downey
    County:
    Los Angeles
    Area:
    D1 - Northeast Downey, N of Firestone, E of Downey
    Property Description
    Nestled on a quiet cul-de-sac a short distance from both major Downey thoroughfares of Florence Ave and Firestone Blvd, this 2-building, 16-unit property at 10601 Parrot Ave offers the perfect combination of convenience and seclusion. The property is largely removed from the dense neighborhoods that surround it which were mainly developed during the peak of Downey+GGs cold-war-era expansion. The property consists of over 9,000 square feet of livable space with a unit mix of four 2-bedroom units, and twelve spacious 1-bedroom units. The building is individually metered for gas and electric and has a flat roofs on both buildings. In addition to its close proximity to schools, employment, and enjoyment, the tenants enjoy on-site amenities including a spacious courtyard, carport parking and laundry room. With market rents a mere 15% away, a new owner should be able to achieve them in less than 2 increases.
    Exterior Features

    Lot Features Cul-De-Sac Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Common AreaDryer Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 4.34 Country Us Current Financing Conventional Expense Year 99451 Gross Scheduled Income 281272.00 Insurance Expense 4180.00 Land Use Multi-Family Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 173439.00 Operating Expense 99451.00 Property Sub Type Multi Family Real Estate Tax Expense 45620.00 Special Listing Conditions Standard Trash Expense 3887.00 Water Source Public

    Listing provided courtesy of Justin White of Justin White


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-21T08:25:32.83. 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 or Steele Canyon Realty. Licensed in the State of California, USA.

     
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    La Mesa CA, 91942