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11221 Pangborn Ave

Downey, CA 90241
  • $1,350,000
  • STATUS: SOLD
  • ON SITE: 383 Days
  • ID#: 230012861
Sold - 10/31/2023
$1,350,000
SOLD - 10/31/2023
  • 5
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

We are pleased to exclusively offer for sale 11221 Pangborn Ave, a four unit apartment building situated in the Heart of Downey. Pangborn is an excellent income producing, value-add opportunity for a new or experienced multi-family investor looking to pick up four apartment units in an established and high demand rental pocket. This is predominantly a family neighborhood that is very safe and clean. Walking distance to many shops, restaurants and parks. This complex consists of three, 1bed/1bath units and one 2bed/1.5bath unit along with five parking spaces. Recently remodeled in 2018, along with a new roof. All units are currently occupied so please do not disturb tenants. Contact via email or cell phone for more information! We are pleased to exclusively offer for sale 11221 Pangborn Ave, a four unit apartment building situated in the Heart of Downey. Pangborn is an excellent income producing, value-add opportunity for a new or experienced multi-family investor looking to pick up four apartment units in an established and high demand rental pocket. This is predominantly a family neighborhood that is very safe and clean. Walking distance to many shops, restaurants and parks. This complex consists of three, 1bed/1bath units and one 2bed/1.5bath unit along with five parking spaces. Recently remodeled in 2018, along with a new roof. All units are currently occupied so please do not disturb tenants. Contact via email or cell phone for more information!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
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11221 Pangborn Ave Downey, CA 90241

  • Price: $1,499,000
  • Status: SOLD
  • On Site: 383 Days
  • ID#: 230012861
5
Beds
4
Baths
0
½ Baths
0.14
Acres
1963
Built
Neighborhood:
Downey
County:
Los Angeles
Area:
Downey (90241)
Property Description
We are pleased to exclusively offer for sale 11221 Pangborn Ave, a four unit apartment building situated in the Heart of Downey. Pangborn is an excellent income producing, value-add opportunity for a new or experienced multi-family investor looking to pick up four apartment units in an established and high demand rental pocket. This is predominantly a family neighborhood that is very safe and clean. Walking distance to many shops, restaurants and parks. This complex consists of three, 1bed/1bath units and one 2bed/1.5bath unit along with five parking spaces. Recently remodeled in 2018, along with a new roof. All units are currently occupied so please do not disturb tenants. Contact via email or cell phone for more information! We are pleased to exclusively offer for sale 11221 Pangborn Ave, a four unit apartment building situated in the Heart of Downey. Pangborn is an excellent income producing, value-add opportunity for a new or experienced multi-family investor looking to pick up four apartment units in an established and high demand rental pocket. This is predominantly a family neighborhood that is very safe and clean. Walking distance to many shops, restaurants and parks. This complex consists of three, 1bed/1bath units and one 2bed/1.5bath unit along with five parking spaces. Recently remodeled in 2018, along with a new roof. All units are currently occupied so please do not disturb tenants. Contact via email or cell phone for more information!
Exterior Features

Boat Facilities No/Unknown Exterior Stucco Fencing Partial Parking Garage Desc Unit1 Assigned Parking Garage Desc Unit2 Assigned Parking Garage Desc Unit3 Assigned Parking Garage Desc Unit4 Assigned Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 1 Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 3

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 1 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 3.0 Age Restrictions N/K Annual Expense Actual 12981 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Complex Features Laundry Facilities Complex Park Pangborn Cross Streets Woodruff Ave & Firestone Blvd Gross Rent Multiplier Actual 21.9 Gross Scheduled Income Actual 70416 Jurisdiction Incorporated Mandatory Remarks None Known Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 1000 Pets Allowed w/Restrictions Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Seller May Carry Unit1 Deposit 1044 Unit1 Occupied Tenant Unit1 Projected Rent 1900.0 Unit1 Rent Actual 1044.0 Unit2 Deposit 1895 Unit2 Occupied Tenant Unit2 Projected Rent 2300.0 Unit2 Rent Actual 1895.0 Unit3 Deposit 1166 Unit3 Occupied Tenant Unit3 Projected Rent 1900 Unit3 Rent Actual 1166.0 Unit4 Deposit 1346 Unit4 Occupied Tenant Unit4 Projected Rent 2000 Unit4 Rent Actual 1346.0 Vacation Rental By Owner No Zoning DOR3

San Diego MLS logo Listing provided courtesy of Mikel Palmerin of Keller Williams La Jolla: 760-518-5915. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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