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11736 GURLEY AVE Downey, CA 90241
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Key Details
Sold Price $5,950,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 11,680 sqft
Price per Sqft $509
MLS Listing ID 22-127253
Sold Date 04/22/22
Bedrooms 20
Year Built 1957
Lot Size 0.483 Acres
Acres 0.4843
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 Southwest Downey, S Of Firestone, W Of Downey
Zoning DOR3*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Laundry Laundry Area
Exterior
Parking Features Parking Space
Garage Spaces 24.0
Pool In Ground
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Remax Commercial and Investment Realty