Homes for sale - 11560 Paramount Blvd, Downey, CA 90241

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Candice Culen

info@yrealtyinc.com +1(877) 976-5348

$ 6,200,000

Est. payment | -/mo

15,228 SqFt

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$ 6,200,000

Est. payment | -/mo

Save

15,228 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,228 sqft

Price per Sqft $407

MLS Listing ID 25544431

Year Built 1963

Lot Size 0.567 Acres

Acres 0.5672

Property Sub-Type Multi-Family

Property Description

The subject property is a beautiful turnkey building located in central Downey. The building is within short driving distance to the Downey Landing Shopping Center; Stonewood Shopping Center; Downtown Downey; the 5, 605 and 105 Freeways; and restaurants, entertainment venues and other support facilities for which Downey is known. The building is 2-stories and of wood frame and stucco construction, and was built in 1963. The property is in good shape with great cubside appeal. It has an excellent unit mix of (17) 2-bedroom / 1-bath units and (1) 3-bedroom / 2-bath unit. The units average approximately 833 square feet in size and are individually metered for gas and electricity. The building totals 15,228 square feet and sits mid-block on a 24,702 square foot rectangular lot. Amenities and features include secured entry to the property, a community swimming pool, on-site laundry facilities (equipment is rented), and 27 carport parking spaces; 12 free-standing carports and 15 tuck-under carports. The building is subject AB-1482 but there is no local rent control in Downey. The property has substantial rent upside and offers an opportunity to add value.

Location

State CA

County Los Angeles

Area Southwest Downey, S Of Firestone, W Of Downey

Zoning DOC1*

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling None

Equipment Ceiling Fan, Garbage Disposal, Hood Fan, Range/Oven, Gas Or Electric Dryer Hookup

Laundry Community

Exterior

Parking Features Carport Detached, Carport Attached

Garage Spaces 27.0

Pool Community, In Ground

Amenities Available None

Waterfront Description None

View Y/N No

View None

Roof Type Composition

Handicap Access None

Building

Story 2

Sewer In Connected and Paid

Water Mutual Water Source

Level or Stories Two

Structure Type Stucco

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(877) 976-5348

info@yrealtyinc.com

5280 E 2nd St, Long Beach, CA, 90803, USA

11560 Paramount Blvd Downey, CA 90241