Downey, CA 90241,11719 Coldbrook AVE

$1,050,000

Est. payment /mo

$1,050,000

Est.Price: ?

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11719 Coldbrook AVE Downey, CA 90241

0.3 Acres Lot

SOLD DATE : 02/18/2016

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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California Regional MLS (CRMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000
Bought with KRISTOPHER GERMAN • RE/MAX 2000

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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