Northeast Downey, N of Firestone, E of Downey (D1) Homes with Apartment Subtype

Welcome to Northeast Downey, a charming neighborhood nestled in the heart of Downey, California, just north of Firestone Boulevard and east of Downey Avenue. This vibrant community boasts a rich tapestry of culture and history, making it an ideal place for families and individuals looking for a welcoming atmosphere.

Northeast Downey is characterized by its tree-lined streets, friendly neighbors, and a diverse array of amenities. Residents enjoy easy access to parks, schools, and local shops, ensuring that daily conveniences are just a stone's throw away. The area is well-connected with public transportation options, making commuting to nearby cities a breeze.

When it comes to real estate, Northeast Downey offers a unique selection of homes, including those with apartment subtypes. This means you’ll find properties that not only provide a comfortable living space but also the potential for rental income, making them an excellent investment opportunity. These homes often feature spacious layouts, modern amenities, and inviting outdoor spaces perfect for entertaining friends or enjoying a quiet evening under the stars.

Whether you’re a first-time homebuyer or looking to expand your investment portfolio, Northeast Downey presents a variety of options that cater to all lifestyles. With its warm community spirit, convenient location, and diverse real estate offerings, Northeast Downey is not just a place to live; it’s a place to thrive. Come discover the charm and potential of this delightful neighborhood today!

Newest Northeast Downey, N of Firestone, E of Downey (D1) Homes with Apartment Subtype

$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% 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

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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.