The Carolinas

For Sale

10518 Western Avenue, Downey, CA 90241

This Downey property for sale is located at 10518 Western Avenue. The current listed sale price for The Carolinas is $3,700,000. The Carolinas is situated on a lot that is 0.4 acre in size.

Contacts

broker

Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Property Details

  • Property Type Multi-Family
  • Property Size 11,059 SF
  • Units 12
  • Lot Size 0.4 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1973
  • Date Updated Nov 12, 2024
Located in the heart of Downey, California, The Carolinas offers a vibrant and diverse community ideal for multifamily and low-rise/garden investors. Nearby, residents can enjoy the historic Downey Theatre, shopping and dining at Downey Landing, and the beautifully landscaped Wilderness Park. With convenient access to major freeways and public transportation, The Carolinas provides easy connectivity to Downtown Los Angeles, Long Beach, and the greater Southern California region. This prime location, combined with a strong local rental market, presents an exceptional opportunity for investors seeking to capitalize on the thriving multifamily real estate market in Downey.Morgan Skenderian is pleased to present The Carolinas. This well-maintained 11,059± SF building, constructed in 1973, features 12 spacious units, making it an attractive option for multifamily, low-rise, and garden-style investors. Each unit offers modern amenities and ample natural light, while the property's convenient location provides easy access to essential services and major transportation routes. With a proven track record of strong rental demand in the area, this property presents a promising prospect for investors seeking to capitalize on the robust multifamily real estate market in Downey.

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Highlights

  • Rare Opportunity to Acquire Prime Multifamily Asset in North-Downey Location
  • First Time on the Market in 30+ Years
  • Mix of 1 & 2-Bedroom Units with Massive Floorplans
  • ±1,556 Square Foot Owners-Unit
  • Over 2:1 Parking Ratio
  • Ideal 1973 Vintage Construction
  • Substantial Upside in Rents
  • Also Available 8 Units on the Same Street

Getting around

  • 73/100

    Walk Score ®

  • 53/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Downey, CA
  • Neighborhood Downey
  • Zip Code 90241
  • Market Los Angeles

Points of Interest

  • Montebello/Commerce

    4.09 miles

  • Norwalk/Santa Fe Springs

    4.62 miles

  • Long Beach Boulevard

    4.82 miles

  • Willowbrook/Rosa Parks

    6.33 miles

  • 103rd Street/Watts Towers

    6.46 miles

  • Indiana

    6.93 miles

  • Avalon

    7.85 miles

  • Soto Station

    8.03 miles

  • Washington

    8.15 miles

  • Del Amo

    8.32 miles

  • Speedway

    0.48 miles

  • Chevron

    0.52 miles

  • ChargePoint

    0.56 miles

  • 76

    1.10 miles

  • Arco

    1.18 miles

  • Mobil

    1.47 miles

  • Tesla Supercharger

    3.78 miles

  • EVgo

    4.05 miles

  • eVgo

    6.20 miles

  • Blink

    6.72 miles

  • Lakewood-West Park And Ride

    1.32 miles

  • VIP Parking

    2.40 miles

  • Valet Parking

    2.44 miles

  • Lakewood Boulevard Park And Ride

    2.58 miles

  • Metro Norwalk C Line Station Parking

    2.92 miles

  • parking structure

    3.09 miles

  • Employee Parking

    3.83 miles

  • The Citidel Outlet Mall Overflow Parking

    3.97 miles

  • Embassy Suites

    0.57 miles

  • Days Inn by Wyndham Downey

    0.92 miles

  • SpringHill Suites

    1.08 miles

  • Courtyard Motel

    1.38 miles

  • Rick's Motel

    1.41 miles

  • Quality Inn Downey

    1.45 miles

  • Chateau Inn & Suites

    1.64 miles

  • Travelodge Commerce Los Angeles Area

    1.82 miles

  • Best Western Plus Commerce Hotel

    1.85 miles

  • Studio Inn

    1.91 miles

  • Grocery Outlet

    0.62 miles

  • Stater Bros.

    0.71 miles

  • Albertsons

    0.80 miles

  • Ralphs

    0.85 miles

  • Amapola Deli & Market

    0.86 miles

  • JCPenney

    0.93 miles

  • ALDI

    0.97 miles

  • Big Lots

    1.03 miles

  • Kohl's

    1.06 miles

  • Stonewood Center

    1.07 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Doug Rodermund

Morgan Skenderian Investment Real Estate Group