$1,050,000
$1,050,000
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11719 Coldbrook AVE Downey, CA 90241
0.3 Acres Lot
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV15259350
Sold Date 02/18/16
HOA Y/N No
Year Built 1962
Lot Size 0.305 Acres
Property Description
We are pleased to exclusively offer this 5 unit investment property in the highly sought after rental community of Downey. The property has been meticulously maintained by the current owner and is comprised of all single story two-bedroom units. Of the 5 units one unit is a detached two-bedroom/one bathroom detached cottage style unit with a detached garage. The remaining four units are situated among two separate buildings and tenants enjoy onsite car-port parking. Tenants pay for their own electricity and gas usage while the owner pays for water and trash. The current owner has owned the subject property for a number of years and has been very conservative with the rental rates. A new investor can re-position the property with rental increases which would significantly increase the cash on cash return.
Location
State CA
County Los Angeles
Area D4 - Southeast Downey, S Of Firestone, E Of Downey
Interior
Fireplace No
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Utilities Available Sewer Available
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Water Public
Others
Tax ID 6284017011
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with KRISTOPHER GERMAN • RE/MAX 2000