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12143 Downey Ave 8 Unit Apartment Building $3,600,000 ($450,000/Unit) Downey, CA 90242

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Investment Highlights

  • Spacious Units
  • Easy access to Fwy's 105, 710 and 605
  • Close to Stonewood Mall, Downey Landing, Promenade, PIH Hospital and Kaiser Permanente

Executive Summary

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 12 total 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 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.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $182,088 $26.94
Other Income $2,500 $0.37
Vacancy Loss $34,800 $5.15
Effective Gross Income $149,788 $22.16
Taxes - -
Operating Expenses $4,660 $0.69
Total Expenses $4,660 $0.69
Net Operating Income $145,128 $21.47

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $182,088
Annual Per SF $26.94
Other Income
Annual $2,500
Annual Per SF $0.37
Vacancy Loss
Annual $34,800
Annual Per SF $5.15
Effective Gross Income
Annual $149,788
Annual Per SF $22.16
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual $4,660
Annual Per SF $0.69
Total Expenses
Annual $4,660
Annual Per SF $0.69
Net Operating Income
Annual $145,128
Annual Per SF $21.47

Property Facts

Price $3,600,000
Price Per Unit $450,000
Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.24 AC
Building Size 6,760 SF
Average Occupancy 100%
No. Stories 1
Year Built 1965
Zoning DOR3PUD* - DOR3PUD*

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Double Pane Windows
  • Instant Hot Water
  • Window Coverings

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Property Manager on Site
  • Walking/Biking Trails
  • Storage Space
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 2 - -
2+1 4 - -
1+1 2 - -
Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
6259-012-050
Land Assessment
$337,769
Improvements Assessment
$872,138
Total Assessment
$1,209,907
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
  • Listing ID: 38672751

  • Date on Market: 12/5/2025

  • Last Updated:

  • Address: 12143 Downey Ave, Downey, CA 90242

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