6-Unit Apartment
10502 Western Ave, Downey, CA 90241
For Sale
$2,100,000
All six residences have two bedrooms and one bathroom, with gas and electricity individually metered.
Property Size5,054 SF
Price / SF$415.51
Days on Market13
Property Features for 10502 Western Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
on-site laundry facility
Building Details
Buildings
Listing Agency:
Remax Commercial and Investment Realty
(213) 817-1000
Listed By:
Nick Petrosian · License #01462598
(949) 607-7096
Source:
Exprealty
Added: Oct 26
Changed: Nov 6
Last Checked: Nov 6 at 2:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Commercial and Investment Realty
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Investment Insights
Based on property information with market context.
This 5,054-square-foot apartment property contains six units, each configured with two bedrooms and one bathroom. Dual-pane windows are installed throughout, and electrical panels have been replaced. Gas and electricity are separately metered for the apartments. On-site amenities include seven parking spaces and a laundry facility that generates additional income.
The property is in North Downey, with access to Downtown Downey, shopping, dining, and major freeways. It is subject to statewide rent regulations; the City of Downey has no local rent control ordinance.
The property is in North Downey, with access to Downtown Downey, shopping, dining, and major freeways. It is subject to statewide rent regulations; the City of Downey has no local rent control ordinance.
Key Highlights
- Six apartments, all with a two‑bedroom, one‑bath layout
- 5,054 square feet
- Seven on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,223
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,460
$1.5M
Cap Rate 7%
$1,060,329
$1.1M
Cap Rate 9%
$824,700
$824.7K
Market Conditions
NOI Build-Up for 5,054 SF
Gross rent
$141.3K $27.96/SF
− Vacancy
−$6.4K −$1.26/SF
EGI
$135.0K $26.70/SF
− OpEx
−$60.7K −$12.02/SF
NOI
$74.2K $14.69/SF
Area
Downey, CA
Vacancy
4.50%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,460
Cap Rate 7%
$1,060,329
Cap Rate 9%
$824,700
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$927.8K – $1.24M
NOI $74,223 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,342 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,282
Businesses Nearby
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Business Placement
Demographics for 90241, CA
44,921
Population
15,100
Households
3
Avg Household Size
37
Median Age
25%
College-Educated
81%
High-School Grad
4.9 sq mi
ZIP Area
9,168
Density / Sq Mi
$84,375
Median Household Income
$43,319
Median Earnings
$1,884
Median Rent
$770,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All six residences have two bedrooms and one bathroom, with gas and electricity individually metered.
Where is this apartment building located?
The property is located at 10502 Western Ave Downey, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Six apartments, all with a two‑bedroom, one‑bath layout; 5,054 square feet; Seven on‑site parking spaces
