The Carolinas

10518 Western Avenue, Downey, CA 90241

  • For Sale $3,700,000
  • 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 18, 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

Contacts

broker

Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • 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

  • Tacos Gavilán

    0.41 miles

  • Yoshinoya

    0.42 miles

  • Burger King

    0.43 miles

  • Black Bear Diner

    0.44 miles

  • The MarketPlace Grill Café

    0.47 miles

  • Peking China

    0.48 miles

  • KFC

    0.48 miles

  • Bastards Canteen

    0.48 miles

  • Pura Vida Cafe and Juice Bar

    0.52 miles

  • NORMS

    0.55 miles

  • Our Lady of Perpetual Help School

    0.14 miles

  • Rio Hondo Elementary School

    0.51 miles

  • Downey High School

    0.74 miles

  • Gordon Griffiths Middle School

    0.80 miles

  • Maude Price Elementary School

    0.88 miles

  • Gallatin Elementary School

    0.92 miles

  • Warren High School

    0.94 miles

  • Williams Elementary School

    1.03 miles

  • Spencer V. Williams Elementary School

    1.06 miles

  • Wendy Lopour Doty Middle School

    1.13 miles

  • Montessori Academy of Downey

    0.87 miles

  • MAOF Downey Center

    1.58 miles

  • Rancho Los Amigos Daycare

    2.29 miles

  • Codela Pre-School

    2.65 miles

  • Options

    4.97 miles

  • The Learning Box Childcare & Enrichment Center Inc

    5.04 miles

  • injoy life

    5.26 miles

  • Kiddy TyMe

    6.30 miles

  • Centro de Ninos

    6.60 miles

  • Artesia Head Start

    6.74 miles

Frequently Asked Questions

How much does The Carolinas cost?

The space currently listed for sale at The Carolinas asks for $3,700,000.

What is the total square footage of The Carolinas?

The Carolinas totals 11,059 square feet.

When was this property built?

The Carolinas was built in 1973.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Doug Rodermund

Morgan Skenderian Investment Real Estate Group