11560 Paramount Boulevard, Downey, CA 90241
Local realty services provided by:ERA Excel Realty



11560 Paramount Boulevard,Downey, CA 90241
$5,650,000
- - Beds
- - Baths
- 15,228 sq. ft.
- Multi-family
- Active
Listed by:juan cardenas
Office:remax commercial and investment realty
MLS#:25544431
Source:CRMLS
Price summary
- Price:$5,650,000
- Price per sq. ft.:$371.03
About this home
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. Moreover, there's an existing free-standing space built -out with a single apartment (unit is not rented) that could be converted to an ADU for additional rental income (Buyer to check with the city of Downey).
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Home facts
- Year built:1963
- Listing Id #:25544431
- Added:77 day(s) ago
- Updated:August 13, 2025 at 01:21 PM
Rooms and interior
- Living area:15,228 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1963
- Building area:15,228 sq. ft.
- Lot area:0.57 Acres
Utilities
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$5,650,000
- Price per sq. ft.:$371.03
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