9448 Nance Avenue

    Downey, CA 90241
    • $4,075,000
    • STATUS: Active Under Contract
    • ON SITE: 38 days
    • ID#: PW20035683
    Under Contract
    UPDATED: 58 min ago
    $4,075,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,458
      SQFT
    • $356
      $/SQFT

    School Ratings & Info

    Description

    -Prime Downey location near Stonewood Center-15% Upside in Rents-Gated Property with Attractive Garden Area-New Roof & Exterior Paint-Mix of 1BR, 2BR & 3BR Units

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-28T18:28:28.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/103326764

    9448 Nance Avenue Downey, CA 90241

    • Price: $4,075,000
    • Status: Active Under Contract
    • Updated: 58 min ago
    • ID#: PW20035683
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    11,458
    SQFT
    $356
    $/SQFT
    1961
    Built
    Neighborhood:
    D3 - Southwest Downey, S of Firestone, W of Downey
    County:
    Los Angeles
    Area:
    D3 - Southwest Downey, S of Firestone, W of Downey
    Property Description
    -Prime Downey location near Stonewood Center-15% Upside in Rents-Gated Property with Attractive Garden Area-New Roof & Exterior Paint-Mix of 1BR, 2BR & 3BR Units
    Exterior Features

    Carport Spaces 4.00 Garage Spaces 0.00 Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportOn SiteStreetUncovered Parking Total 16.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 625 Average1 Bed Area Units Square Feet Average2 Bed Area 850 Average2 Bed Area Units Square Feet Average3 Bed Area 1050 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features Unfurnished Laundry Features Community Levels Two Room Type Living RoomMaster BathroomMaster Bedroom

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.40 Community Features CurbsGuttersParkSidewalks Country Us Electric Expense 4671.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 8876.00 Gardener Expense 1500.00 Gross Income 288588.00 Gross Multiplier 14.12 Gross Operating Income 279930.00 Gross Scheduled Income 288588.00 Gross Spendable Income 89022.00 Insurance Expense 3437.00 Land Lease YN No Laundry Income 2880.00 Laundry YN Yes Maintenance Expense 20201.00 Maintenance Percent 7.00 Net Operating Income 180995.00 New Construction YN No New Taxes Expense 46662.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Number Of Units Leased 16 Operating Expense 98935.00 Operating Expense Percent 34.30 Other Expense 3371.00 Other Expense Description Assess. Pest Control Expense 600.00 Professional Management Expense 8400.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 750.00 Total Actual Rent 285708.00 Total Expenses 98935.00 Trash Expense 4671.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 8658 Vacancy Allowance Rate 3.00 Water Sewer Expense 4671.00 Water Source Public Year Built Source Assessor Zoning Dor3*

    Listing provided courtesy of Peter Gillin of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-28T18:28:28.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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