$5,950,000
$5,850,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
0.48 Acres Lot
SOLD DATE : 04/22/2022
Key Details
Sold Price $5,950,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22127253
Sold Date 04/22/22
HOA Y/N No
Year Built 1957
Lot Size 0.483 Acres
Property Description
The El Dorado Apartments is a 26-unit apartment community located in the highly desirable rental market of Downey CA. The property consists of mostly one-bedrooms, two laundry rooms, twenty-four open parking spaces, and a sparkling swimming pool at the center of a spacious courtyard. The owner pays for all utilities, including trash. Having a walk score of 70, the tenants can easily travel by foot to nearby schools, shops and dining. With the El Dorado Apartments being situated in a highly sought-after area, combined with a substantial amount of rental upside and an attractive low cost per unit; the subject property makes for an outstanding investment opportunity.
Location
State CA
County Los Angeles
Area D3 - Southwest Downey, S Of Firestone, W Of Downey
Zoning DOR3*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features One Space
Pool In Ground
Total Parking Spaces 24
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 6255014036
Special Listing Condition Standard
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Bought with Nicholas Petrosian Remax Commercial and Investment Realty
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