Listings 2019-07-22T22:29:19+00:00

10600 Parrot Ave. Downey, CA 90241

6 Unit 2 Story Apartment Building – 2 Bedroom – 1 Bath (Each Unit)

$2,100,000

24 Hour Real Estate Downey is proud to present this 6 unit apartment building located in the best rental pocket of Downey, California. This property is located across from the NEW condo development right off 5th Street and a few steps from Downtown Downey. The location of the property is in the best area of Downey which is the best city to own rental property in the South East Los Angeles rental market! Downey is not rent controlled and has seen a huge increase in rent levels and decrease in vacancy. Rent in Downey is consistently the highest in the area when compared to surrounding cities. This building is comprised of ALL (6) 2bd/1ba. The units are in excellent condition and offer a huge upside in rental income. Current rent of four of the units are under market by about 20%. Two of the units are at market and fully remodeled. Drive by only, do not disturb the tenants. Agent is related to the owner.

6 (2bd/1ba)

 806 sq ft

7,558 ft lot

Built in 1959

assigned parking