Downey Real Estate Search

Downey Multi-Family Properties for Sale

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Newest Downey Multi-Family Homes for Sale

$1,499,000
230012861SD MLS Active Status
We are pleased to exclusively offer for sale 11221 Pangborn Ave, a four unit apartment building situated in the Heart of Downey. Pangborn is an excellent income producing, value-add opportunity for a new or experienced multi-family investor looking to pick up four apartment units in an established and high demand rental pocket. This is predominantly a family neighborhood that is very safe and clean. Walking distance to many shops, restaurants and parks. This complex consists of three, 1bed/1bath units and one 2bed/1.5bath unit along with five parking spaces. Recently remodeled in 2018, along with a new roof. All units are currently occupied so please do not disturb tenants. Contact via email or cell phone for more information! We are pleased to exclusively offer for sale 11221 Pangborn Ave, a four unit apartment building situated in the Heart of Downey. Pangborn is an excellent income producing, value-add opportunity for a new or experienced multi-family investor looking to pick up four apartment units in an established and high demand rental pocket. This is predominantly a family neighborhood that is very safe and clean. Walking distance to many shops, restaurants and parks. This complex consists of three, 1bed/1bath units and one 2bed/1.5bath unit along with five parking spaces. Recently remodeled in 2018, along with a new roof. All units are currently occupied so please do not disturb tenants. Contact via email or cell phone for more information!

11221 Pangborn Ave, Downey

$1,950,000
11 Beds 7 Baths 23250357 MLS Active Under Contract Status
9116 Hall Rd is a huge fourplex located in the highly desirable city of Downey. With a highly desirable unit mix of (1) 3 bed/1 bath front house, (1) 2 bed/2 bath, and (2) 3 bed/2 bath units, the property is generating stellar income. One of the 3 bed/2 bath units is extra large with two family rooms and two entrances that's currently being used by the tenants as a divided 3 bed/1 bath and a studio/1 bath units, connected by a door. Tenants pay for their own electric, gas, and trash. The property also provides a laundry room with one washer and dryer that generates enough additional income to cover water and common area utility expenses. The property is not subject to any local rent control ordinance. Current ownership has proactively managed and maintained the property. The main roof was replaced six years ago. Copper plumbing to the main line, 2 new water heaters, and upgraded electrical panel in Unit D have all been installed within the last 5 years. All units have tile floors, granite countertops and updated kitchen and bathroom cabinets. Eight carports, one garage, and additional driveway parking service the tenants' vehicles. Located on a quiet residential street within the borders of downtown Downey, tenants enjoy the benefits of both worlds. Just blocks away are Lakewood Blvd and Firestone Blvd, lined with restaurants, shops and service providers. If that's not enough, Downey Landing is around the corner, which includes several restaurants, a movie theater, LA Fitness, Staples, Walmart Supercenter, and much more. Just a few minutes in the car will put you on the 105, 605, 5 of 710 Freeways.

9116 Hall 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.