We are pleased to present Palma Imperial, a 48-unit apartment community located in the heart of Downey, CA. Spanning three parcels across approximately 2 acres, the property consists primarily of spacious, renovated 2-bedroom units featuring wall AC units, gas heating, ceiling fans, refrigerators, gas stoves, individual gas and electric meters, dual-pane windows, vinyl flooring, and granite countertops. Additionally, approximately half of the units contain a patio, yard, or balcony. Recent property upgrades include new landscaping, carports, and modern vinyl windows. Amenities include a mail room and resident lobby, a leasing office, three laundry facilities, a pool, carports, open parking, and two desirable courtyards. This represents a rare investment opportunity, offering a 5% cap rate on current income in a desirable Downey location.