Downey Homes with Apartment Subtype

Downey Homes with Apartment Subtype

Welcome to Downey, California – a vibrant city nestled in the heart of Los Angeles County that perfectly blends suburban charm with urban convenience. Known for its rich history and diverse community, Downey is an ideal location for families, young professionals, and retirees alike. With a population of approximately 113,000, this city boasts an array of parks, shopping centers, and dining options that cater to every taste and lifestyle.

One of the standout features of Downey is its extensive selection of homes, particularly those with apartment subtypes. Whether you’re seeking a cozy studio or a spacious multi-bedroom unit, Downey’s real estate market offers a variety of options to suit your needs. Many of these homes are situated in well-maintained complexes that provide modern amenities, including swimming pools, fitness centers, and beautiful landscaped grounds.

Living in Downey means enjoying easy access to major freeways and public transportation, making your daily commute a breeze. The city is also home to excellent schools, making it a great place for families to settle down. With a strong sense of community, residents often participate in local events and festivals, fostering connections that enhance the livability of this charming city.

Explore the potential of Downey’s homes with apartment subtypes, where comfort meets convenience. Whether you’re looking to invest, downsize, or find your first home, Downey is a place where dreams can flourish amidst the warm California sun. Come discover the vibrant lifestyle that awaits you in this welcoming city!

Newest Downey Homes with Apartment Subtype

9367 Washburn Road, Downey
$2,925,000
CV26222100 MLS ⋅ Active Status
Just Listed! Exceptional opportunity to acquire a 10-unit multifamily property in the highly desirable city of Downey, offered for sale by the original builder for the first time since its construction in 1977. Priced at $2,925,000, this investment delivers an attractive 6.21% current CAP Rate and 11.48 GRM, providing investors with strong day-one cash flow in one of Southeast Los Angeles County's most sought-after rental markets. Built in 1977, the property features an excellent unit mix consisting of one 3-Bedroom/2-Bath unit and nine 2-Bedroom/1-Bath units, offering spacious floor plans that appeal to discerning renters seeking comfortable living accommodations. The property encompasses approximately 8,186 rentable square feet on a generous 20,544 sq. ft. lot, providing ample space for parking and resident amenities. Tenants enjoy onsite garage, carport, and open-space parking, along with a convenient onsite laundry facility. Additional property features include copper plumbing and air conditioning in all units, amenities that enhance the property's overall appeal and distinguish it from many competing apartment communities. Ideally situated just minutes from Downey Landing and the Promenade at Downey, residents benefit from convenient access to popular shopping, dining, entertainment, and everyday necessities. Combining 1977 construction, a desirable unit mix, strong current financial performance, and an excellent Downey location, this pride-of-ownership property presents a rare opportunity to acquire a well-established multifamily asset directly from its original builder.

9367 Washburn Road, Downey
7306 7312 Neo Street, Downey
$5,125,000
PW26065659 MLS ⋅ Active Status
Introducing Twin Palms at 7306-7312 Neo Street, a prime investment opportunity in Downey, CA. This ±10,524 SF building, constructed in 1957, comprises (16) immaculately renovated units, offering an attractive mix of 1, 2, and 3-bedroom layouts. With garage parking, copper plumbing, and SB721 compliance, Twin Palms provides investor peace of mind and a sought-after option in the vibrant Downey rental market. Notably, it is not subject to municipal rent control, adding further appeal. This property presents an excellent opportunity for a multifamily investor seeking a lucrative addition to their portfolio. Additionally, the property features a laundry facility, a charming courtyard, and is conveniently located in close proximity to major employment centers and freeways, enhancing its appeal as a valuable investment in the thriving Downey area.

7306 7312 Neo Street, Downey
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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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