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Closed
- Listed price
- $2,850,000
- Listed May 9, 2019
- Sold price
- $2,850,000
- Sold Sep 25, 2019
13,435 sqft lot|1964 Built|8 MLS days on market
11816 Downey Ave, Downey, CA 90241
Property Description
We are pleased to exclusively offer for sale this 10 unit multi-family investment in the city of Downey. The subject property offers a scarce construction style being composed of all Two-Story Townhouse ("condo style") units. The unit mix is comprised of two (3 Bed - 2 1/2 Bath) townhouses & eight (2 Bed- 1 1/2 Bath) townhouses, The average unit size is over 1,000 sqft each and all units are separately metered for electricity and gas. Tenants enjoy onsite parking as well as an onsite laundry facility. The current ownership has held the subject property for a number of years, subsequently one will find that the current rental rates are well below market. With some modest capital improvement, a new owner can take advantage of the dense rental community Downey has to offer, and reposition the rental rates well above current levels.
Listing agent: KRISTOPHER GERMANDRE #01800021kris@theapartmentdealer.com, Listing office: RE/MAX 2000
MLS data updated 11/2/2026, 11:59:54 AM PT
Source: CRMLSMLS #: CV19107781
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,850,000
Sep 25, 2019
Available records22019
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90241 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90241 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.