10-Unit Apartment
New
For Sale
$2,925,000
9367 Washburn Road, Downey, CA 90242
Residents have access to on-site laundry and garage, carport, and open-space parking.
Property Size8,186 SF
Lot Size0.47 Acres
Days on Market5
Property Features for 9367 Washburn Road
General Information
Standard status
Active
Size
8,186 SF
Net Rentable
8,186 SF
Lot size
0.47 Acres
Property subtype
Apartment
Financials
Asking Price
$2,925,000
Cap Rate
6%
Gross Rent Multiplier
11.48
Units
Unit Mix
1 x 3BR/2BA, 9 x 2BR/1BA
Multifamily Units
10
Amenities
onsite laundry facility
Building Details
Building Size
8,186 SF
Year Built
1977
Listing Agency:
RE/MAX 2000 REALTY
Listed By:
Kristopher German · License #01800021
(909) 349-0363
Source:
Velocityrealtysd
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 16 at 5:55PM
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 RE/MAX 2000 REALTY
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Investment Insights
Based on property information with market context.
Built in 1977, this 10-unit apartment property contains 8,186 square feet on a 20,544-square-foot lot. The unit mix comprises one three-bedroom, two-bath apartment and nine two-bedroom, one-bath apartments. Copper plumbing and air conditioning are present in every unit. On-site parking includes garage, carport, and open spaces, and residents also have access to a laundry facility.
The property is in Downey, minutes from Downey Landing and the Promenade at Downey, with their shopping, dining, and entertainment options. Reported investment metrics include a 6% current cap rate and an 11.48 GRM.
The property is in Downey, minutes from Downey Landing and the Promenade at Downey, with their shopping, dining, and entertainment options. Reported investment metrics include a 6% current cap rate and an 11.48 GRM.
Key Highlights
- 10 apartments: one 3‑bedroom/2‑bath unit and nine 2‑bedroom/1‑bath units
- 8,186 square feet on a 20,544 sq. ft. lot
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,220
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,404,400
$2.4M
Cap Rate 7%
$1,717,429
$1.7M
Cap Rate 9%
$1,335,778
$1.3M
Market Conditions
NOI Build-Up for 8,186 SF
Gross rent
$228.9K $27.96/SF
− Vacancy
−$10.3K −$1.26/SF
EGI
$218.6K $26.70/SF
− OpEx
−$98.4K −$12.02/SF
NOI
$120.2K $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%
$2,404,400
Cap Rate 7%
$1,717,429
Cap Rate 9%
$1,335,778
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,220 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.92M – $3.90M
NOI $233,792 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,359
Businesses Nearby
Explore this area
Business Placement
Demographics for 90242, CA
42,939
Population
12,756
Households
3.4
Avg Household Size
36
Median Age
24%
College-Educated
79%
High-School Grad
4.5 sq mi
ZIP Area
9,542
Density / Sq Mi
$83,238
Median Household Income
$42,064
Median Earnings
$1,874
Median Rent
$676,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to on-site laundry and garage, carport, and open-space parking.
Where is this apartment building located?
The property is located at 9367 Washburn Road Downey, CA.
What is the asking price?
The asking price for this property is $2,925,000.
What are key features of this property?
This property features: 10 apartments: one 3‑bedroom/2‑bath unit and nine 2‑bedroom/1‑bath units; 8,186 square feet on a 20,544 sq. ft. lot; Built in 1977
