Portfolio For Sale • 4,344 SF
| Combined ±24,769 SF corner lot at Downey Ave & Alameda St - 2 PARCELS MUST BE SOLD TOGETHER |
| Current uses include a self-service car wash (legal nonconforming) and a two-unit retail building - all tenants M2M |
| 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 |
| Medium Density Residential in the City’s General Plan | Build 10-14 Units (or more with incentives - Buyer to verify w/ City of Downey) |
| Southeast Los Angeles County continues to experience upward pressure on rents due to limited new construction |
| Strong surrounding demographics, including average household income of approx. $95,000 within 1-mile radius and a median age in the mid-30s |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Norwalk/Santa Fe Springs (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) | 10 min | - | 5.4 mi |
| Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) | 11 min | - | 5.7 mi |
| Airport | Drive | Walk | Distance |
| Long Beach (Daugherty Field) | 19 min | - | 9.2 mi |
| Los Angeles International | 25 min | - | 18.5 mi |
| Bob Hope | 39 min | - | 29.1 mi |