11716 Gurley Avenue

Downey, CA 90241

$5,750,000
Last Sold Price
3
Beds
23
Baths
12,646 Sq. Ft.
$455 / Sq. Ft.
12,646
Sq. Ft.
$455
per Sq. Ft.

Description

We are pleased to present this 23 unit offering in an excellent rental pocket of Downey, CA. The property has over 49% upside in rental income and has been meticulously maintained from previous ownership. There are 23 surface parking spaces, all new vinyl windows installed in 2022, no municipal rent control, only subject to AB 1482.We are pleased to present this 23 unit offering in an excellent rental pocket of Downey, CA. The property has over 49% upside in rental income and has been meticulously maintained from previous ownership. There are 23 surface parking spaces, all new vinyl windows installed in 2022, no municipal rent control, only subject to AB 1482.
  1. Listed by Daniel Gomez • DRE #02081392 • Brokerage DRE #02164683 • Younglewin Advisors, Inc. • 562-266-7629
  2. Listed by Shane Young • DRE #01963090 • Brokerage DRE #02164683 • Younglewin Advisors, Inc.

Property Details for 11716 Gurley Avenue

Parking Spaces Total
23
Private Pool
No
Total Units
23.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
12646
Assessor Parcel Number
6255-014-039
Property Attached YN
true

Location

Listing Courtesy of Younglewin Advisors, Inc., Daniel Gomez, DRE #02081392; Younglewin Advisors, Inc., Shane Young, DRE #01963090

Sold By Younglewin Advisors, Inc., Daniel Gomez, DRE #02081392; Younglewin Advisors, Inc., Shane Young, DRE #01963090

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LISTING UPDATED: 07/17/2023 09:37 AM

Property Details for 11716 Gurley Avenue

StatusClosed
MLS #PW23005386
Days on Market147
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
CountyLos Angeles County

Location

Listing Courtesy of Younglewin Advisors, Inc., Daniel Gomez, DRE #02081392; Younglewin Advisors, Inc., Shane Young, DRE #01963090

Sold By Younglewin Advisors, Inc., Daniel Gomez, DRE #02081392; Younglewin Advisors, Inc., Shane Young, DRE #01963090

Add your commute

Building Information for 11716 Gurley Avenue

Building/Complex11716 Gurley AveFloor-Stories-Residences-Pet Policy-Year Built1957Building Size-

Payment Calculator

$37,378 per month

30 year fixed, 7.25% Interest

Principal and Interest

$31,380

Property Taxes

$5,998

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11716 Gurley Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $5,631
  • Gross Scheduled Income: $358,710
  • Vacancy Allowance: 10761
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $353,580
  • Net Operating Income: $217,183
  • Laundry Income: $5,631
  • Gross Multiplier: 16.59
  • Cap Rate: 3.65
  • Financing: Exchange
Expense Details
  • Operating Expense: $136,396
  • New Taxes Expense: $72,820
  • Gardener Expense: $1,380
  • Fuel Expense: $0
  • Pest Control Expense: $1,150
  • Electric Expense: $0
  • Insurance Expense: $5,058
  • Maintenance Expense: $11,500
  • Professional Management Expense: $10,761
  • Workmans Compensation Expense: $6,900
  • Other Expense: $17,422
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $136,396
Tax / Assessment Info
  • Tax Tract Number: 17892
  • Tax Census Tract: 5513.00
  • CFD/Mello-Roos Fee: $4,927
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Washer Included
Exterior Features
  • Pool Features: Community
  • Pool: Community/Common
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 23
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 23
  • Open Other Spaces Total: 23
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,155
  • Unit Type Total Rent: $1,155
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 18
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 18
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,315
  • Unit Type Total Rent: $23,678
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,265
  • Unit Type Total Rent: $5,060
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 23
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 1

Property History for 11716 Gurley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11716 Gurley Avenue

Taxable ValueLand$3,000,000Additions$2,635,420Total$5,635,420
Tax Record2023$71,977 ($5,998 / month)
Home Facts
Total Finished SqFt12,646 SqFtAbove Grade Finished SqFt12,646 SqFtLot Size18,252 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningDOR3*CountyLOS ANGELESAPN6255-014-039

Schools near 11716 Gurley Avenue

This home is within Downey Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Imperial Elementary School
PublicK to 3

Old River Elementary School
Public4 to 5

West Middle School
Public6 to 8

Warren High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Younglewin Advisors, Inc., Daniel Gomez, DRE #02081392; Younglewin Advisors, Inc., Shane Young, DRE #01963090

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.