Amazing opportunity to own this 6-unit income property building in Downey!

This property has a recent exterior updates including a fresh coat of paint to the building, stairs and railings adding to curb appeal.

Located within walking distance to Downey Promenade and minutes away from Downey Landing … Just steps from a variety of restaurants, shopping, Walmart, Cinemark theatres and more. This property includes two units with 2-bedrooms; 1 bath and four units with 1-bedroom; 1 bath.

All units have been completely gutted and renovated with new fixtures (windows, flooring, kitchens, bathrooms, etc.) within the last several years and as recent as 2020 and 2022. Most units include a stove/oven range. All the units include in-wall AC units and ceiling fans in the living/dining room and all bedrooms.

All 1-bedroom units include a breakfast bar area for dining. Two units have upgraded kitchens and bathrooms with quartz countertops and cabinets and one unit bathroom has new bathtub with installed shower doors.

Property includes a community laundry room with newly leased (2022) Maytag coin and APP operated washer and dryer, which pays for itself and adds an additional source of income. Property also includes a small storage room, one off-street parking space for each unit and a security camera system that is accessible via an application for remote monitoring.

With some units below market rents, due to long term tenants, this creates an ideal opportunity for an investor to grow this property’s potential, allowing for an increase in future rental income.