Multifamily

11716 Gurley Ave

11716 Gurley Ave, Downey, CA 90241

Listing Price: $5,500,000

Cap Rate
3.67%
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 11716 Gurley Ave in Downey, California. It is centrally located between just west of the 710 freeway and east of the 605 freeway with easy access to public transportation. The offering is in a strong rental location proximate to schools and retail centers. The subject property has total of 23 units with a great unit mix. 18 of the units consist of 1 Bd/ 1Ba units. There are also four 2 Bd/ 1 Ba units and one studio. All units are very well-maintained and there is 100% collections reported from the seller. The property is comprised of one two-story building built in 1957 with a newer roof and well maintained unit interiors. The property also features onsite laundry and ample surface parking. There is also common space with a sparkling pool for all tenants to use at their enjoyment. 11716 Gurley Ave would make a great addition to the portfolio of any investor looking for an excellent unit mix and reliable cash flow.

Investment Highlights

  • First Time On the Market In Over 25 Years
  • Available Together or Separate with Richmont V (11716 Gurley Ave in Downey)
  • 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
3.67%
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 V (11716 Gurley Ave in Downey)
  • 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 11716 Gurley Ave in Downey, California. It is centrally located between just west of the 710 freeway and east of the 605 freeway with easy access to public transportation. The offering is in a strong rental location proximate to schools and retail centers. The subject property has total of 23 units with a great unit mix. 18 of the units consist of 1 Bd/ 1Ba units. There are also four 2 Bd/ 1 Ba units and one studio. All units are very well-maintained and there is 100% collections reported from the seller. The property is comprised of one two-story building built in 1957 with a newer roof and well maintained unit interiors. The property also features onsite laundry and ample surface parking. There is also common space with a sparkling pool for all tenants to use at their enjoyment. 11716 Gurley Ave would make a great addition to the portfolio of any investor looking for an excellent unit mix and reliable cash flow.

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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