4 unit apartment building located in the best rental pocket of Downey, CA. This property is located across Downey High School right off 5th Street and a few steps to Stonewood Mall. The location of the property is irreplaceable and is in the best area of Downey which is the best city to own rental property in the South East Los Angeles rental market since it does not have rent control and has seen a huge increase in rent levels and decrease in vacancy factor. Rents in Downey are consistently the highest in the area. The unit mix is comprised of (2) 2bd/1ba units and (2) 1bd/1ba units. The units are in excellent condition and offer huge upside in rental income. Current rents are under market by about 20%.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
