955 S Downey Rd - Apartments FOR SALE


Los Angeles, CA 90023
$1,550,000 USD
626-695-6776
955 S Downey Rd, Los Angeles, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/6
null | 5.82% Cap Rate

955 S Downey Rd
Los Angeles, CA 90023


HIGHLIGHTS

  • 5.82% Current CAP Rate | Opportunity Zone of Los Angeles
  • Majority Two-Bedroom Floor Plans
  • Excellent Location - Near Five Major Freeways (I-710, I-5, I-10, CA-60 & Highway 101)
  • On-Site Laundry Facility | Upgraded Electrical Panel
  • Individually Metered for Gas and Electricity | Individual Hot Water Heaters
  • Population In Excess of 848,000 Within 5-Mile Radius

OVERVIEW

Marcus & Millichap is proud to exclusively present the opportunity to acquire 955 South Downey Road, a multifamily investment located in the unincorporated area of Los Angeles, California. This six-unit property is situated on a 7,388-square-foot lot with a total building area of 4,372 square feet. The property is composed of a well-balanced mix of two one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. Key amenities include an on-site laundry facility, an upgraded electrical panel, six tuck-under parking spaces, and additional open parking. Each unit is individually metered for gas and electricity, with separate hot water heaters for enhanced efficiency. 955 South Downey Rd is located in a prime, well-connected opportunity zone of Los Angeles, offering a blend of convenience and accessibility. Situated in the heart of one of the city's dynamic neighborhoods, this location provides easy access to major highways (I-710, I-5,I-10, CA-60 & Highway 101), public transportation, and key commercial and residential areas. It is strategically positioned approximately six miles east of the vibrant Downtown Los Angeles, making it ideal for businesses and residents who value proximity to city amenities, entertainment hubs, and cultural attractions, while having the option to live in a more tranquil neighborhood. In addition, the apartment building is within a three-mile radius of several key landmarks and institutions including East Los Angeles College (ELAC), Citadel Outlets, and the brand new Topgolf located in Montebello.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$355 USD /SF

# OF UNITS

6

PRICE/UNIT

$258,333

CAP RATE

5.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,388 SF

ZONING

LCR4YY

APN/PARCEL ID

5236-006-009

ASK ABOUT THIS PROPERTY

Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

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Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.