$3,800,000
Just Listed! Exceptional opportunity to acquire a 16-unit apartment community in the highly desirable city of Downey, priced aggressively at $237,500 per unit. This well-located asset features all 1-Bed/1-Bath units totaling 8,616 rentable square feet on an expansive 14,489 sq. ft. lot, offering an efficient layout that consistently attracts tenant demand. Residents benefit from onsite parking and an onsite laundry facility, enhancing convenience and retention. The property is currently delivering a 5.96% CAP Rate and 10.9 GRM, providing strong in-place returns with long-term investment stability. Rare additional opportunity: The adjacent property located at 11523 Old River School Rd is also available for purchase, creating a unique chance to acquire 32 units total ideal for investors seeking scale, operational efficiency, and long-term portfolio growth in a prime Downey location. Positioned in a high-demand rental market, this offering combines solid fundamentals, desirable unit mix, and an attractive price point, making it an excellent acquisition for investors focused on both cash flow and future upside.
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Listed by Kristopher German with RE/MAX 2000 REALTY (626) 956-0188
Property Type
Apartment
Status
Active
MLS Number
CV26059950
Year Built
1957
Lot Size
0.33 acres