Multifamily

11716 Gurley Avenue

11716 Gurley Ave, Downey, CA 90241

Listing Price: $5,500,000

Cap Rate
3.66%
Number of Units
23
Price/Unit
$239,130
Price/Gross SF
$434.92
Gross SF
12,646

Investment Overview

Marcus & Millichap is pleased to present, for the first time in over 25 Years, the exclusive opportunity to acquire 12705 Kalnor Ave in Norwalk, along with 11716 Gurley Ave in Downey. Built in 1957/1964 and located in one of the most central commuting thoroughfares – the 605 Freeway, this is a rare opportunity to acquire a two-building portfolio of meticulously maintained real estate in one of California’s most sought after submarkets. The properties are available together or separate, and consist of a mixture of mostly 2-bedroom and 1-bedroom units. All units are separately metered for gas and electricity, with onsite laundry, sparking pools, air conditioning, ample parking, and an enjoyable tenant common-area. Both buildings have new roofs, renovated pools, and are a blank slate for the next investor to capitalize on this opportunity. Two Buyer tours are scheduled for 9-18-2020, and 9-23-2020, with a call for ‘Best and Final’ offers due 9-25-2020. Reach out to the listing team to schedule your inspection, as the Seller will be selecting a buyer to open escrow by 9-28-2020. Inquire with the listing team for due diligence materials, and provide Proof of Funds and a Schedule of Real Estate Owned.

Investment Highlights

  • First Time On the Market In Over 25 Years
  • Available Together or Separate with Richmont II (12705 Kalnor Ave Norwalk)
  • Meticulously Maintained
  • Ample Parking Onsite and Secured Entry
  • Sparkling Pool & Onsite Laundry with Shared Common Space for Tenants' Enjoyment

Exclusively Listed By

  • Shane Young

    First Vice President Investments

    Email Shane

    License(s): CA: 01963090

    South Bay

  • Daniel Gomez

    Associate

    Email Daniel

    License(s): CA: 02081392

    South Bay

Listing Price: $5,500,000

Cap Rate
3.66%
Number of Units
23
Price/Unit
$239,130
Price/Gross SF
$434.92
Gross SF
12,646

Investment Highlights

  • First Time On the Market In Over 25 Years
  • Available Together or Separate with Richmont II (12705 Kalnor Ave Norwalk)
  • Meticulously Maintained
  • Ample Parking Onsite and Secured Entry
  • Sparkling Pool & Onsite Laundry with Shared Common Space for Tenants' Enjoyment

Investment Overview

Marcus & Millichap is pleased to present, for the first time in over 25 Years, the exclusive opportunity to acquire 12705 Kalnor Ave in Norwalk, along with 11716 Gurley Ave in Downey. Built in 1957/1964 and located in one of the most central commuting thoroughfares – the 605 Freeway, this is a rare opportunity to acquire a two-building portfolio of meticulously maintained real estate in one of California’s most sought after submarkets. The properties are available together or separate, and consist of a mixture of mostly 2-bedroom and 1-bedroom units. All units are separately metered for gas and electricity, with onsite laundry, sparking pools, air conditioning, ample parking, and an enjoyable tenant common-area. Both buildings have new roofs, renovated pools, and are a blank slate for the next investor to capitalize on this opportunity. Two Buyer tours are scheduled for 9-18-2020, and 9-23-2020, with a call for ‘Best and Final’ offers due 9-25-2020. Reach out to the listing team to schedule your inspection, as the Seller will be selecting a buyer to open escrow by 9-28-2020. Inquire with the listing team for due diligence materials, and provide Proof of Funds and a Schedule of Real Estate Owned.

Exclusively Listed By

  • Shane Young

    First Vice President Investments

    Email Shane

    License(s): CA: 01963090

    South Bay

  • Daniel Gomez

    Associate

    Email Daniel

    License(s): CA: 02081392

    South Bay

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