Fantastic investment opportunity in the heart of Downey! This 8-unit complex features a total of 10 bedrooms and 10 bathrooms across all units. The property offers an on-site shared laundry room for tenant convenience and includes 10 parking spaces located in the rear. There is a 12 month cash flow attached in the supplements.
Discover a rare mixed-use investment and live/work opportunity in the heart of Downey. This property features two buildings combining street-front retail and multifamily residential for diversified income and flexible future use. The front building includes 1,820 SF of ground-floor retail occupied by a stable tenant with 8 years remaining on the lease, plus a 1-bedroom residential unit above. The rear building offers two stacked residential units—a 2-bedroom non-conforming ground-floor unit and a permitted 2-bedroom unit above. The non-conforming unit presents a prime opportunity for an owner-user to occupy as a live/work residence, or potentially legalize or expand under current ADU provisions to increase rental income. All residential tenants are currently month-to-month, allowing investors or owner-users the flexibility to reposition, adjust rents, or occupy units as desired. Situated on busy Paramount Blvd, the property enjoys high visibility, convenient freeway access, and proximity to schools, restaurants, and major businesses, ensuring continued tenant demand and long-term value appreciation. Highlights: •Two-building mixed-use property (retail + multifamily) •Front building: 1,820 SF retail with 8-year lease + 1-bed unit above •Rear building: (1) 2-bed + (1) 2-bed non-conforming ground-floor unit (live/work or ADU potential) •Residential units all month-to-month (upside flexibility) •Possible SBA financing available through business purchase •Excellent location near freeways, schools, and major businesses A unique blend of stable income, flexible occupancy, and redevelopment potential, 13000 Paramount Blvd offers investors and entrepreneurs a truly versatile Downey asset. *Possible purchase of retail business. Inquire with broker.
Pleased to offer the opportunity to acquire a huge fourplex on Downey Ave, for sale by its original builders. With a highly coveted unit mix, these large units are ideal for an owner/user or an investor looking to add to their portfolio. Ample parking, including extra garages help contribute to this well maintained property, which has further upside with interior modernization. The Downey Ave Fourplex is part of a four-property portfolio of similarly constructed buildings in Bellflower and Downey, which may be purchased either individually or as a portfolio.
The Adco Avenue Apartments is a fully renovated and stabilized asset in one of L.A. County's most competitive suburban markets. Located in the strategic 605/710 Corridor, the property offers strong in-place cash flow and long-term growth. Downey is a non-rent-controlled city governed solely by AB 1482, allowing annual rent increases of up to 8%. The property is offered at a 5.21% cap rate, above the market average, creating immediate yield in a submarket known for tighter pricing. Property consists of (2) 8-unit buildings with separate APNs so no on-site manager required (APNs: 6231-003-004 & 6231-004-005). Sixteen one-bedroom, one-bath units. Property is master metered, though ownership has implemented RUBS.
Prime Investment Opportunity, these unique buildings are located in one of the desirable areas in Downey. Featuring 8 Units 2 front units are townhouse style with 2 bedrooms 1.5 bathrooms and each one with a 2 car spacious garage 4 additional units with 2 bedrooms 1 bathrooms each one with a detached 2 car carport. Plus 2 additional 1 bedrooms 1 bathrooms units each with a 2 car carport parking. All Units are spacious with great tenants, 2 community laundry rooms and lots of space in the back. The 2 buildings are freshly painted with New Roof, New Electrical, New Dual Panel Windows, New Water Heaters in each laundry room with new circulating pumps and New Blinds in each units. All Units are partially upgraded, the one that's currently available is being fully upgraded with a new kitchen, bathroom and flooring. Projected GSI is $256,800.00. Close to Downey Promenade, Downey Landing, Restaurants, Lots of Entertainment and access to 605, 105, 710 FWY's.
DUPLEX - Opportunity knocks!!! A rare, turnkey duplex offering space, style, and flexibility. Each spacious unit features 3 bedrooms and 3 bathrooms (total living area approx. 2,934 sq ft) on a generous 9,421 sq ft lot with each unit allowing occupant(s) direct access to 2-car attached garages. One unit has been thoughtfully updated with a fresh, contemporary aesthetic: a remodeled kitchen showcasing crisp white cabinetry, a quartz waterfall countertop, and a custom herringbone marble backsplash, complemented by new fixtures, recessed lighting, and luxury vinyl plank flooring. Primary bedroom and bath suite has been tastefully remodeled, featuring new vanity, sleek tile, updated mirror, glass shower enclosure, and new tile floors. The second unit mirrors the same spacious layout and has been well maintained, comfortable, and move-in ready offering excellent potential to personalize over time while benefiting from the strong fundamentals of the floor plan. Ideal for owner-occupants seeking supplemental income, multi-generational living, or investors looking for a low-maintenance addition to their portfolio. Enjoy a convenient Downey location close to everyday amenities and major commuter routes. A compelling blend of upgraded living and dependable, well-kept spacethis duplex is a standout opportunity.
Prime Investment Opportunity in the Heart of Downey Welcome to 7370 Neo Street, a well-maintained multifamily gem located in one of Downey’s most desirable residential neighborhoods. This income-producing property features 14 spacious units, each offering comfortable layouts, private entrances, and dedicated parking. Nestled on a 13,068 sf lot, the property provides a rare combination of location, stability, and upside potential. 10 units are 2-bed, 1.5-bath and 4 units are 3-bed, 1.5 bath, and several have been recently updated with modern finishes, upgraded kitchens, newer flooring, and refreshed bathrooms (see interior pics). On-site amenities include [laundry facilities, carports, private yards, 14 parking spaces. Tenants enjoy walking distance to local schools, shopping centers, restaurants, and close to the 105, 605, and 5 freeways—making this a prime location for commuters and families alike. With strong rental income, long-term tenants, and potential for increased cash flow, 7370 Neo Street is ideal for investors seeking solid returns in a low-vacancy, high-demand rental market. Whether you’re expanding your portfolio or making your first multifamily acquisition, this property delivers. Don’t miss your chance to own a rare multifamily opportunity in one of Southeast LA County’s most stable and sought-after submarkets!
Downey is located in California. Downey, California has a population of 114,293. Downey is more family-centric than the surrounding county with 31.7% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Downey, California is $77,972. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Downey is 35.9 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 46 degrees. The average rainfall is approximately 14.1 inches per year, with 0 inches of snow per year.
