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Raymond Penado

Ray Penado
The RP Group

CalBRE# 01709871
Lotus Group Real Estate
8408 Florence Ave, Downey, CA 90240

562-569-8488
Email Me

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Listing 2 out of 174
$1,075,000 New For Sale

12441 Columbia Way
Downey, CA 90242

4 units | Multi Family Home
8276 sq ft lot - MLS# PW17233323
Property Photo
1/12

Description

RARE INVESTMENT OPPORTUNITY. 4 Units located in a beautiful neighborhood and conveniently accessible to the 105, 605, 710 and the 5 Fwys. All Tenants have been renting for 5-10 years and All units are currently occupied. Property is located in a peaceful neighborhood and has high upsides without rent control. Located on a corner lot, the property has been recently painted and the units have new individual water heaters recently installed with individual gas and electrical meters. Property has been well-maintained and kept in great condition throughout the years. Quadraplex has 4 individuals garages and is centrally located to various amenities such as movie theaters, shopping, new soccer field and across the street from the Columbia memorial space center! Separate washer and Dryer area with hook ups inside the units. This Incredible Investment Opportunity is a MUST SEE and WILL NOT LAST LONG!!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Listing Price: $1,075,000
  • Zip Code: 90242
  • Year Built: 1947
  • Stories: One
  • Units: 4 units
  • # of Parking Spaces: 4.00
  • Acres: 8276 sq ft lot
  • Zoning: DOR3*
  • Area: D1 - Northeast Downey, N of Firestone, E of Downey
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2877.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Sidewalks, Street Lighting
  • Country: US
  • Directions: Imperial and Lakewood
  • Garage Spaces: 4.00
  • Gardener Expense: 1800.00
  • Gross Income: 62640.00
  • Gross Scheduled Income: 62640.00
  • Insurance Expense: 411.00
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: MR
  • Net Operating Income: 57729.00
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 4911.00
  • Property Attached: Yes
  • Total Actual Rent: 62400.00
  • Total Expenses: 4911.00
  • Trash Expense: 1500.00
  • Water Sewer Expense: 1200.00
  • Water Source: Public
Courtesy of First Team Real Estate, Daniel Deforest



Raymond Penado | CalBRE # 01709871 | 562-569-8488 | Email Me
8408 Florence Ave - Downey, CA 90240
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