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$300K REDUCTION - Downey Ave Portfolio 2 Properties Offered at $1,450,000 in Downey, CA
INVESTMENT HIGHLIGHTS
- Combined ±24,769 SF corner lot at Downey Ave & Alameda St - 2 PARCELS MUST BE SOLD TOGETHER
- Strong demand for townhomes and small-scale multifamily due to proximity to employment centers, access to 1-5, I-105, I-605, and I-710
- Southeast Los Angeles County continues to experience upward pressure on rents due to limited new construction
- Current uses include a self-service car wash (legal nonconforming) and a two-unit retail building - all tenants M2M
- Medium Density Residential in the City’s General Plan | Build 10-14 Units (or more with incentives - Buyer to verify w/ City of Downey)
- Strong surrounding demographics, including average household income of approx. $95,000 within 1-mile radius and a median age in the mid-30s
EXECUTIVE SUMMARY
The CREM Group is pleased to exclusively present for sale 12149 and 12161 Downey Avenue, a combined ±24,769 square foot corner parcel located at the signalized intersection of Downey Avenue and Alameda Street in Downey, California.
The property is designated Medium Density Residential (MDR) under the City of Downey General Plan, positioning the site as a future residential redevelopment opportunity in an established infill neighborhood with strong housing demand. The combined land area of approximately 0.57 acres allows for potential development of townhomes or multifamily housing, subject to City approvals.
While the underlying zoning remains C-2 (General Commercial), the City’s General Plan guidance prioritizes residential use at this location. As a result, new commercial uses are expected to face significant entitlement challenges, whereas residential redevelopment aligns with the City’s long-term planning vision.
The site is currently improved with a freestanding retail building and a self-service car wash, providing interim income and flexibility while a buyer evaluates entitlement strategy, rezoning requirements, and development feasibility.
The property is designated Medium Density Residential (MDR) under the City of Downey General Plan, positioning the site as a future residential redevelopment opportunity in an established infill neighborhood with strong housing demand. The combined land area of approximately 0.57 acres allows for potential development of townhomes or multifamily housing, subject to City approvals.
While the underlying zoning remains C-2 (General Commercial), the City’s General Plan guidance prioritizes residential use at this location. As a result, new commercial uses are expected to face significant entitlement challenges, whereas residential redevelopment aligns with the City’s long-term planning vision.
The site is currently improved with a freestanding retail building and a self-service car wash, providing interim income and flexibility while a buyer evaluates entitlement strategy, rezoning requirements, and development feasibility.
PROPERTY FACTS
| Price | $1,450,000 | Number of Properties | 2 |
| Price / SF | $333.79 / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 4,344 SF | |
| Sale Type | Investment | Total Land Area | 0.57 AC |
| Status | Active |
| Price | $1,450,000 |
| Price / SF | $333.79 / SF |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,344 SF |
| Total Land Area | 0.57 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 12149-12151 Downey Ave, Downey, CA 90242 | Retail | 2,700 SF | 1961 | - |
| 12161 Downey Ave, Downey, CA 90242 | Specialty | 1,644 SF | 1970 | - |
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$300K REDUCTION - Downey Ave Portfolio
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