6-Unit Apartment
New
For Sale
$2,100,000
10502 Western Ave, Downey, CA 90241
Residential Income, Downey, CA
Property Size5,054 SF
Lot Size0.16 Acres
Price / SF$415.51
Days on Market5
Property Features for 10502 Western Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DOR3*
Bedrooms
12
Bathrooms
6
Full bathrooms
1
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 5, Bathroom 6, Bedroom 9, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 7, Bedroom 3, Laundry Room, Bedroom 11, Bedroom 8, Bedroom 4, Bedroom 10, Bedroom 12, Bedroom 5
Parking
6
Parking features
Garage, Garage - Attached, Carport
Directions
From the I-5 Freeway, exit Lakewood Blvd, head north, turn left on Florence Ave, then right on Western Ave; property is located at 10502 Western Ave.
Subdivision
Northwest Downey, N of Firestone, W of Downey
Standard status
Active
APN
6252-026-012
Size
5,054 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, electricity
Amenities
on-site laundry facility
Building Details
Year built
1961
Floors in Building
2
Number of units
6
Buildings
1
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Nick Petrosian · License #01462598
(949) 607-7096
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 30 at 7:06AM
MLS# 26104440
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1961, this six-unit apartment property contains 5,054 square feet on a 0.1588-acre parcel. Each apartment has 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 units.
The property includes seven on-site parking spaces and a laundry facility. Its Downey location offers access to downtown, shopping, dining, and major freeways. Zoning is DOR3*.
The property includes seven on-site parking spaces and a laundry facility. Its Downey location offers access to downtown, shopping, dining, and major freeways. Zoning is DOR3*.
Key Highlights
- Six apartments, all configured with two bedrooms and one bathroom
- 5,054‑square‑foot building on a 0.1588‑acre lot
- 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,282
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
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 bath, with on-site laundry and separate gas and electric meters.
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 configured with two bedrooms and one bathroom; 5,054‑square‑foot building on a 0.1588‑acre lot; Seven on‑site parking spaces
