12433 Rose Avenue Downey, CA 90242
Monthly Payment (Est.)$7,291
Amazing opportunity to own a 6-unit income property building in Downey! Located within walking distance to Downey Promenade and minutes away from Downey Landing … Just steps from a variety of restaurants, shopping, Walmart, Cinemark theatres and more. This property includes two units with 2-bedrooms; 1 bath and four units with 1-bedroom; 1 bath. All units have been completely gutted and renovated with new fixtures (windows, flooring, kitchens, bathrooms, etc.) within the last several years and as recent as 2020 and 2022. Each unit includes a stove/oven range, in-wall AC units and ceiling fans in the living/dinning room and all bedrooms. All 1-bedroom units include a breakfast bar area for dining. Two units have upgraded kitchens and bathrooms with quartz countertops and cabinets and one unit bathroom has new bathtub with installed shower doors. Property includes a community laundry room with newly leased (2022) Maytag coin and APP operated washer and dryer, which pays for itself and adds an additional source of income. Property also includes a small storage room, one off-street parking space for each unit and a security camera system that is accessible via an application for remote monitoring. With some units below market rents, due to long term tenants, this creates an ideal opportunity for an investor to grow this property’s potential, allowing for an increase in rental income.
|2 weeks ago||Listing updated with changes from the MLS|
|2 weeks ago||Price changed to $1,598,000|
|2 weeks ago||Price changed to $1,599,998|
|4 weeks ago||Listing first seen online|