11921-31 39 Lakewood Blvd - Apartments FOR SALE


Downey, CA 90241
$13,200,000 USD
949-756-3232
11921-31 39 Lakewood Blvd, Downey, CA for Sale
$13,200,000 USD
Apartments - FOR SALE
1/8
null | 4.95% Cap Rate

11921-31 39 Lakewood Blvd
Downey, CA 90241


HIGHLIGHTS

  • Excellent Downey Location; Directly Across the Street from Downey Landing
  • High-Visibility Frontage Along Lakewood Boulevard
  • Approximate 7% Cap Rate on Market Rents
  • Well Maintained Building w Upgraded Electrical Panels, Individual Meters and Soft-Story Retrofit

OVERVIEW

We are pleased to present the Rosewood Apartments, a well-maintained multifamily community offering a mix of studio, one-bedroom, and two-bedroom units. The property features individual gas and electric meters and has undergone several recent improvements, including upgraded landscaping, fresh paint, new railings, and upgraded electrical panels. Nearly all units include laminate wood flooring and granite countertops, with some offering walk-in closets. Community amenities consist of a leasing office, three laundry rooms, and a mix of covered and open parking. With an approximate 7% cap rate on market rents and 25% upside in income, Rosewood Apartments presents investors with a compelling value-add opportunity in a strong rental market.

FOR SALE DETAILS

PRICE

$13,200,000 USD

PRICE/SF

$459 USD /SF

# OF UNITS

51

PRICE/UNIT

$258,824

CAP RATE

4.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rosewood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

85,116 SF

ZONING

C1-P, Downey

APN/PARCEL ID

6258-014-021

ASK ABOUT THIS PROPERTY

Chris KeramatiTriqor GroupMore Info
949-756-3232

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Chris KeramatiTriqor GroupMore Info
949-756-3232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.