**CASH BUYERS ARE WELCOME- owner occupant for more space, or investor to get more income** Welcome to 10530 Newville, Downey - a true family home which has been uniquely modified into 3 separate units. It composes of total 4 Bedrooms, 3.5 baths, 3 sets of kitchens and 3 laundry areas ready for an extended family to enjoy living together, but also able to maximize independence and maintain privacy. Main House has approximately 1,721 SF (per County data, including permitted add on in year 2015), front & back porches, enclosed patio (approx. 300 SF), garage (approx 400 SF), storage room (90 SF), sparkling swimming pool & SPA, nearly 7,500 SF large lot size and a long driveway which can accommodate 4-5 cars parking. Main house has separate entries. Front unit with 2 BR 1.5 baths, Living Room, formal dining, fireplace, skylight, private side yard and individual laundry room. Back unit has 1 BR, 1 bath, laundry area, kitchen (from main structure) and a family room/dining area (ductless mini split AC system) was converted from a patio. Garage is used as living quarter (1 BR 1 bath, living room, kitchen) with ceiling fan/light, storage room, laundry hook up and tankless water heater. Overall house condition is great with upgraded baths, kitchen, floorings, plumbing, 200 amp electrical panel, fire sprinklers and newer roof. Buyer to verify all permits and assume AS IS condition. Located in one of Downey's upper scaled neighborhoods, this home offers convenient access to schools, parks, shopping, and freeways. **CASH buyers or non-QM buyers are welcome as this property may not be approved for FHA or conventional loans.
Welcome to 8122 Cheyenne Avenue, a beautifully remodeled duplex located in the heart of Downey, offering an exceptional opportunity for investors and owner-occupants alike. This turnkey property features two spacious units, each boasting 3 bedrooms and 2 bathrooms with modern upgrades throughout, including updated kitchens, remodeled bathrooms, stylish flooring, fresh paint, and contemporary finishes. Designed for comfortable living and strong rental appeal, the property provides functional floor plans, ample parking, and excellent income potential. Conveniently situated near shopping, dining, schools, parks, and major freeways, this rare duplex combines quality, location, and versatility in one outstanding investment opportunity.
Welcome to this charming 6 bedroom 6 bath duplex. Each unit features 3 ample bedrooms, 2 full bathrooms, and 1 half bath offering almost 1500 sq ft of living space with an open floor plan. One unit is fully renovated, property located in the heart of Downey close to restaurants, shopping, schools and easy access to freeways. Don't miss out on this great opportunity!
Exceptional opportunity to own a newer construction duplex featuring two detached homes on one large lot in a prime location in Downey. Built in 1988, this well-maintained property offers approximately 4,264 sqft of living space situated on an expansive 12,016 sqft lot. The front unit features 5 bedrooms and 2 bathrooms, while the rear unit offers 2 bedrooms and 2 bathrooms, creating an ideal setup for owner-users, multigenerational living, or investors seeking strong rental potential. Each unit includes its own private 2-car garage, central air conditioning, and functional layouts designed for comfortable living. The oversized lot also provides ample parking and excellent utility, all conveniently located near shopping, dining, schools, and major freeway access. Rare opportunity to acquire a large income-producing property in a desirable Downey neighborhood.
Introducing Twin Palms at 7306-7312 Neo Street, a prime investment opportunity in Downey, CA. This ±10,524 SF building, constructed in 1957, comprises (16) immaculately renovated units, offering an attractive mix of 1, 2, and 3-bedroom layouts. With garage parking, copper plumbing, and SB721 compliance, Twin Palms provides investor peace of mind and a sought-after option in the vibrant Downey rental market. Notably, it is not subject to municipal rent control, adding further appeal. This property presents an excellent opportunity for a multifamily investor seeking a lucrative addition to their portfolio. Additionally, the property features a laundry facility, a charming courtyard, and is conveniently located in close proximity to major employment centers and freeways, enhancing its appeal as a valuable investment in the thriving Downey area.
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 attracts strong tenant demand. Residents benefit from onsite parking and an onsite laundry facility, enhancing convenience and long-term retention. The property is now delivering a 6.58% CAP Rate and 10.26 GRM, providing stronger in-place returns and improved cash flow following the price adjustment. Rare additional opportunity: The adjacent property 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 improved pricing, solid fundamentals, and a desirable unit mix, making it a compelling acquisition for investors focused on immediate income and future upside.
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 rentable square feet on an expansive 14,604 sq. ft. lot, offering an efficient layout that consistently attracts strong tenant demand. Residents enjoy a full range of amenities including onsite parking, an onsite laundry facility, and a sparkling swimming pool, recently resurfaced with a new security gate being installed. Additional recent improvements include all staircases replaced for second-floor access, enhancing both safety and long-term durability. The property is now delivering a 6.34% CAP Rate and 9.84 GRM, providing improved in-place returns and stronger day-one cash flow following the price adjustment. Rare additional opportunity: The adjacent property at 11515 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 improved pricing, recent capital improvements, and strong fundamentals, making it a compelling acquisition for investors focused on immediate income and long-term upside.
Newly renovated in 2018 tri-plex in Downey. The unit mix is two 2bd/1.5bth units and one 4bd/2bth unit. A ll the units have heavily upgraded interiors, now featuring a contemporary design. Each unit has seen upgrades to the floors along with newer paint. The kitchens feature new cabinets, quartz countertops, and stainless-steel appliances. Bathroom upgrades include newer vanities, steam showers, and newer fixtures. Other amenities include laundry hookups and 2-car garages for each unit, as well as smart home automation for the lights and thermostats for added efficiency. The property is conveniently located near the 710 and 105 Freeways and presents the perfect opportunity for a landlord to live in one unit while renting out the other two.
In the a City that keeps on growing in value! Featuring 5 Units, each unit has 2 bedrooms 2 bathrooms, 5- 2-Car Garages there is a total of 10 parking spaces with Great potential to add ADU's. Community Laundry Room that brings additional income. 2 of the 5 units have been partially upgraded. Close to Restaurants, Movie Theaters at Downey Landing, Promenade and Stonewood Mall, 5 mins away from PIH Hospital and Kaiser Permanente, 20mins to Sofi Stadium, The Forum, Intuit Dome, Disneyland, DTLA and much more! easy access to 105, 710 and 605 Fwys.
La Villa Hermosa features a gated private 15 Units building with 8= 1bd 1bth 6= 2bd 1bth 1= 3bth 2bth All units are spacious, the property has it's own Community Laundry area that generates additional income, there is separate storage room next to the laundry room, As of 2025 the building has NEW ROOF, NEW RAINGUTTERS, NEW DUAL PANEL WINDOWS, NEW GAS LINE, A few units have been upgraded. There are a total of 26 total parking spaces of which 4 garages and 2 parking spaces are bringing additional monthly income, these parking spaces are large and have a great potential to convert to ADU's. The current GSI is $400,720.00 with room to increase in 2026, the Building is located across the street from Downey landing, Promenade, Cinemark and lots of surrounding restaurants to choose from, walking distance to Stonewood Mall, PIH Hospital and Kaiser Permanente, 20mins to Sofi Stadium, The Forum, Intuit Dome, Disneyland, DTLA and much more! easy access to the 605, 105, and 710Fwy's.
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.
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, there is total of 12 parking spaces with Great potential to add ADU's. 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 Electrical, New Dual Panel Windows, New Water Heaters in each laundry room, new circulating pumps and New Blinds in each units. 5 of the 8 units have been 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, 5mins away from PIH Hospital and Kaiser Permanente, 20mins to Sofi Stadium, The Forum, Intuit Dome, Disneyland, DTLA and much more! access to 605, 105, 710 FWY's.
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.
