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Sold on 07/17/2023
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11716 Gurley Ave, Downey, CA 90241

$5,750,000

Last sold 07/17/2023 after 201 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 11716 Gurley Ave

Property type Multi-family
Year built 1957
HOA fee $0/month
Lot size 0.42 Acre
Rental estimate
Property description
We are pleased to present this 23 unit offering in an excellent rental pocket of Downey, CA. The property has over 49% upside in rental income and has been meticulously maintained from previous ownership. There are 23 surface parking spaces, all new vinyl windows installed in 2022, no municipal rent control, only subject to AB 1482.
Listed by
Listing Agent - Daniel Gomez
Listing Agent Contact: 562-266-7629
Listing Office - Younglewin Advisors, Inc.
Source: CRMLS mls logo
MLS#PW23005386 • last updated 3 years ago
Movoto checked CRMLS for data 7 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.419
Lot Size (SqFt) 18252
Year Built 1957
Interior
Exterior
Building Area Square Feet, 12646
# Uncovered Spaces 23
# Parking Spaces 23
Lot Description Rectangular Lot
Amenities / Utilities
Sewer/ Septic Unknown
Water Source Public
Pool Community
Location
County Los Angeles
Community Features Sidewalks
Zoning DOR3*
Directions Downey Ave & Stewart & Gray Rd
APN 6255014039
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 10761
Laundry Income 5631
Operating Expense 136396
Cap Rate 3.65
Expense: Insurance 5058
Total Expenses 136396
Expense: Maintenance 11500
Gross Income 5631
Gross Operating Income 353580
Gross Multiplier 16.59
Gross Scheduled Income 358710
Expense: Gardener 1380
Rental est.: $1,659/month
Gross rent multiplier: 288.8
  • Jul 2023
    mls logo MLS # PW23005386
  • Jul 17, 2023 Sold
    $5,750,000 (+2.1%)
  • Jun 6, 2023 Pending
    —
  • Mar 8, 2023 Price Change
    $5,750,000 (-3.4%)
  • Jan 25, 2023 Price Change
    $5,950,000 (-5.9%)
  • Dec 28, 2022 Listed
    $6,325,000 (+12.3%)
  • Jul 2023
    Public Records
  • Jul 17, 2023 Sold
    $5,630,000 (-2.1%)
  • Dec 2022
    Public Records
  • Dec 15, 2022 Sold
    $5,630,000 (+2.4%)
  • Sep 2020
    mls logo MLS # PW20193085
  • Sep 16, 2020 Listed
    $5,500,000
  • Year Property taxes Tax assessment
  • 2024
    $73,151 +1.6%
    $5,635,420
  • 2023
    $71,977 +561.7%
    $5,635,420
  • 2022
    $10,877 +6.9%
    $5,635,420 +1125.18%
  • 2021
    $10,175 +1.0%
    $459,968 +1.02%
  • 2020
    $10,079
    $455,308
  • 11716 Gurley Ave
    $5.75M
  • —
  • 90241
    $850K -3% y/y
  • Downey
    $849K -1% y/y
No chart available
Statistics calculated by Movoto

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6/10
Imperial Elementary School
public Grades K-3
Downey Unified School District
7/10
Old River Elementary School
public Grades 4-5
Downey Unified School District
7/10
West Middle School
public Grades 6-8
Downey Unified School District
8/10
Warren High School
public Grades 9-12
Downey Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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