$3,550,000
-$145,000Multi-Family (16 Units)
Property type
89 days
On market
$412
Price per sqft
0 cars
Garage
1957
Year built
14,489 sqft
Lot size
PRICED TO SELL! Now offered at a 6.58% CAP Rate, 10.26 GRM! Exceptional opportunity to acquire a 16-unit apartment community in the highly desirable city of Downey, now aggressively priced at $3,550,000. 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...
Listing provided by: Kristopher German DRE #01800021 626-427-0786, RE/MAX 2000 REALTY
Listing updated: Jun 16, 2026 at 07:31pm.
Last checked: Jun 16, 2026 at 08:01pm
Source: CRMLS #CV26059950
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,900 | $1,900 | $1,895 | Unfurnished |
| 1 | 1 | 1 | — | $1,850 | $1,850 | $1,895 | Unfurnished |
| 4 | 1 | 1 | — | $1,815 | $7,260 | $1,895 | Unfurnished |
| 3 | 1 | 1 | — | $1,800 | $5,400 | $1,895 | Unfurnished |
| 4 | 1 | 1 | — | $1,750 | $7,000 | $1,895 | Unfurnished |
| 1 | 1 | 1 | — | $1,730 | $1,730 | $1,895 | Unfurnished |
| 1 | 1 | 1 | — | $1,725 | $1,725 | $1,895 | Unfurnished |
| 1 | 1 | 1 | — | $1,615 | $1,615 | $1,895 | Unfurnished |
# of Buildings: 2
# of Units Total: 16
Separate Electric Meters: 17
Separate Gas Meters: 17
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 16
Total Actual Rent: $28,480
Tenant Pays: Electricity, Gas
Gross Rent Multiplier
10.3x
List Price / Annual Gross Rent
Cap Rate
6.58%
NOI / List Price
Gross Scheduled Income: $345,840
Vacancy Allowance: $10,375
Operating Expense: $102,021
Net Operating Income: $233,444
Electric: $2,250
Fuel: $4,775
Insurance: $8,500
Maintenance: $12,000
New Taxes: $42,348
Professional Management: $16,773
Trash: $10,125
Water / Sewer: $2,850
Cooling: Wall Window Units
Fireplace: None
Laundry: Common Area
Entry Location: 1
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Flat
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Fencing: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
View: None
Road Surface Type: Alley Paved
Parking: Assigned, Asphalt
Garage Spaces: 0
Uncovered Spaces: 16
Parking Total: 16
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 6321003012
Additional Parcels: No
Tax Lot: 6321
Zoning: DOR3*
Tax Block: 003
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Street Lights
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.
Data last updated: 8:01 pm on June 16, 2026.
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