11752 Coldbrook Avenue

    Downey, CA 90241
    • $1,400,000
    • STATUS: Active
    • ON SITE: 163 days
    • ID#: PW18268986
    UPDATED: 218 min ago
    $1,400,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,012
      SQFT
    • $349
      $/SQFT

    School Ratings & Info

    Description

    Great Investor Opportunity! Apartment Complex located in desirable Downey location, has been in same family for over 40 years! This apartment building consists of four (4) units. One 4 bedroom 2 bath, One 3 bedroom 2 bath, Two 2 bedroom 2 bath. This is in a non rent controlled area. Units are currently leased to long term tenants at below market rent. The 4 bedroom unit was recently beautifully remodeled. New kitchen & bathrooms with granite counter tops, new kitchen cupboards & pantry, new carpet & paint throughout. Updated tile in bathrooms, re-glazed tub & shower. There is an enclosed gated grass courtyard for tenants enjoyment. There are a total of 7 off street parking spots; 4 covered carport spots, 3 open spots. In addition there are 7 locking storage lockers in parking area. Laundry room on site for additional income. Convenient location, walking distance to Downey Landing Shopping Center and close to major freeways. This complex was converted from 8 units to 4. It could be converted back to 8 units!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/89271696

    11752 Coldbrook Avenue Downey, CA 90241

    • Price: $1,400,000
    • Status: Active
    • Updated: 218 min ago
    • ID#: PW18268986
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,012
    SQFT
    $349
    $/SQFT
    1962
    Built
    Neighborhood:
    D4 - Southeast Downey, S of Firestone, E of Downey
    County:
    Los Angeles
    Area:
    D4 - Southeast Downey, S of Firestone, E of Downey
    Property Description
    Great Investor Opportunity! Apartment Complex located in desirable Downey location, has been in same family for over 40 years! This apartment building consists of four (4) units. One 4 bedroom 2 bath, One 3 bedroom 2 bath, Two 2 bedroom 2 bath. This is in a non rent controlled area. Units are currently leased to long term tenants at below market rent. The 4 bedroom unit was recently beautifully remodeled. New kitchen & bathrooms with granite counter tops, new kitchen cupboards & pantry, new carpet & paint throughout. Updated tile in bathrooms, re-glazed tub & shower. There is an enclosed gated grass courtyard for tenants enjoyment. There are a total of 7 off street parking spots; 4 covered carport spots, 3 open spots. In addition there are 7 locking storage lockers in parking area. Laundry room on site for additional income. Convenient location, walking distance to Downey Landing Shopping Center and close to major freeways. This complex was converted from 8 units to 4. It could be converted back to 8 units!
    Exterior Features

    Architectural Style Bungalow Carport Spaces 4.00 Construction Materials Drywall WallsPlasterStucco Exterior Features Rain Gutters Fence YN Yes Fencing Average ConditionBlockWrought Iron Foundation Details Slab Garage Spaces 0.00 Lot Features Lot 6500-9999Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportAttached CarportCoveredConcreteDriveway Up Slope From StreetShared DrivewayUncovered Parking Total 7.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof FlatFlat TileSpanish Tile View None View YN No

    Interior Features

    Appliances DisposalGas OvenRange Hood Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 800 Average1 Bed Area Units Square Feet Average2 Bed Area 1100 Average2 Bed Area Units Square Feet Average3 Bed Area 1300 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateVinyl Heating Wall Furnace Heating YN Yes Laundry Features Community Levels Two Window Features Screens

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet Lights Country Us Electric Standard Electric Expense 600.00 Elevation Units Feet Fuel Expense 2451.00 Gardener Expense 1735.00 Gross Income 67021.00 Gross Scheduled Income 67021.00 Insurance Expense 1500.00 Land Lease YN No Laundry Income 1172.00 Laundry YN Yes Net Operating Income 45975.00 New Construction YN No New Taxes Expense 20880.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 4 Number With Disposal 4 Number With Range 4 Operating Expense 21045.00 Present Loans 0 Professional Management Expense 4610.00 Property Condition Updated/Remodeled Property Sub Type Apartment Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 5575.00 Total Expenses 21045.00 Trash Expense 1885.00 Utilities Natural Gas AvailableSewer Connected Water Sewer Expense 1400.00 Water Source Public Workmans Compensation Expense 71.00 Year Built Source Assessor Zoning Dor3*

    Listing provided courtesy of Donna Farley of Nt & Associates Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024