$3,550,000
-$145,000Multi-Family (16 Units)
Property type
89 days
On market
$433
Price per sqft
0 cars
Garage
1956
Year built
14,604 sqft
Lot size
NEW Price: Now Offering a 6.34% CAP Rate! 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 16 1-Bed/1-Bath units plus a non-conforming studio (stand alone structure ideal for ADU conversion - check with proper city authorities), totaling 8,208...
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 #CV26060040
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,900 | $1,900 | $1,900 | Unfurnished |
| 1 | 1 | 1 | — | $1,875 | $1,875 | $1,900 | Unfurnished |
| 1 | 1 | 1 | — | $1,855 | $1,855 | $1,900 | Unfurnished |
| 2 | 1 | 1 | — | $1,850 | $3,700 | $1,900 | Unfurnished |
| 2 | 1 | 1 | — | $1,845 | $3,690 | $1,900 | Unfurnished |
| 1 | 1 | 1 | — | $1,815 | $1,815 | $1,900 | Unfurnished |
| 3 | 1 | 1 | — | $1,800 | $5,400 | $1,900 | Unfurnished |
| 2 | 1 | 1 | — | $1,750 | $3,500 | $1,900 | Unfurnished |
| 1 | 1 | 1 | — | $1,650 | $1,650 | $1,900 | Unfurnished |
| 1 | 1 | 1 | — | $1,625 | $1,625 | $1,900 | Unfurnished |
| 1 | 1 | 1 | — | $1,550 | $1,550 | $1,900 | Unfurnished |
# of Buildings: 2
# of Units Total: 16
Separate Electric Meters: 16
Separate Gas Meters: 16
Separate Water Meters: 1
Rent Control: Yes
Total Actual Rent: $29,460
Tenant Pays: Electricity, Gas
Gross Rent Multiplier
9.8x
List Price / Annual Gross Rent
Cap Rate
6.34%
NOI / List Price
Gross Scheduled Income: $360,660
Vacancy Allowance: $10,820
Operating Expense: $124,596
Net Operating Income: $225,244
Electric: $3,650
Fuel: $3,840
Insurance: $8,500
Maintenance: $12,000
New Taxes: $42,348
Pool: $6,855
Professional Management: $13,994
Trash: $10,050
Water / Sewer: $2,460
Other Expense: $17,700
Cooling: Wall Window Units
Fireplace: None
Laundry: Common Area
Accessibility: None
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: Private
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 #: 6231003010
Additional Parcels: No
Tax Lot: 6231
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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