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11560 Paramount Boulevard

Downey, CA 90241

– beds
– baths
– sqft
~1/2 acre lot
1963 build
– on site

The subject property is a beautiful turnkey building located in central Downey. The building is within short driving distance to the Downey Landing Shopping Center; Stonewood Shopping Center; Downtown Downey; the 5, 605 and 105 Freeways; and restaurants, entertainment venues and other support facilities for which Downey is known. The building is 2-stories and of wood frame and stucco construction, and was built in 1963. The property is in good shape with great cubside appeal. It has an excellent unit mix of (17) 2-bedroom / 1-bath units and (1) 3-bedroom / 2-bath unit. The units average approximately 833 square feet in size and are individually metered for gas and electricity. The building totals 15,228 square feet and sits mid-block on a 24,702 square foot rectangular lot. Amenities and features include secured entry to the property, a community swimming pool, on-site laundry facilities (equipment is rented), and 27 carport parking spaces; 12 free-standing carports and 15 tuck-under carports. The building is subject AB-1482 but there is no local rent control in Downey. The property has substantial rent upside and offers an opportunity to add value. Moreover, there's an existing free-standing space built -out with a single apartment (unit is not rented) that could be converted to an ADU for additional rental income (Buyer to check with the city of Downey).

Listed By CRMLS_CA / Juan Cardenas / Remax Commercial and Investment Realty

Last checked: Checking… • Last updated Jun 17, 2025 •

MLS# 25544431 —

The Building

Year Built:

1963
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

15228.00
Total Number Of Units:

18
# of Buildings:

2
Roof:

Composition
Stories Total:

2
Entry Level:

1
Accessibility Features:

None
Faces:

West

Interior

Features:

Ceiling Fan(s)
Levels:

Two
Entry Location:

Main Level
Laundry:

Community
Laundry:

1

Location

Directions:

East side of Paramount Boulevard, north of Del Palma Street
Latitude:

33.93876100
Longitude:

-118.14026600

The Property

Property Type:

Residential Income
Zoning:

DOC1*
Lot Size Area:

24709.0000
Lot Size Acres:

0.5672
Lot Size SqFt:

24709.00
Lot Size Source:

Assessor
View:

None
Security Features:

Gated Community, Automatic Gate
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6255015004

Heating & Cooling

Cooling:

No
Cooling:

None

Utilities

Sewer:

Sewer Paid

Appliances

Appliances:

Disposal, Range Hood
Included:

Yes

The Community

Association:

No
Pool:

In Ground, Community
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No

Parking

Parking:

Yes
Parking:

Detached Carport, Attached Carport
Parking Spaces:

27.00
Carport Spaces:

27.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/17/25 Jun 17, 2025	Price Changed	CRMLS_CA	$5,900,000	-4.8%
5/28/25 May 28, 2025	Listed / Active	CRMLS_CA	$6,200,000

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This multifamily located in Southeast La, Downey, CA 90241 is currently for sale for $5,900,000. 11560 Paramount Boulevard is a – square foot multifamily with – beds and – baths that has been on Estately for 20 days. 11560 Paramount Boulevard is in the Southeast La neighborhood of Downey and has a WalkScore® of 78, making it very walkable. This multifamily is in the attendance area of Old River Elementary School, Stauffer Middle School, Warren High School, and Imperial Elementary School.

Listing Courtesy of: CRMLS_CA and Remax Commercial and Investment Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 11:21 on Jun 17.

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.