List Search

$300K REDUCTION - Downey Ave Portfolio
Downey, CA

$1,450,000 USD

Portfolio For Sale  •  4,344 SF

2 Properties View all

Property Details

  • Property Type Unknown
0 Transit Score
78 Walk Score

Highlights

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

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
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
AirportDriveWalkDistance
Long Beach (Daugherty Field) 19 min - 9.2 mi
Los Angeles International 25 min - 18.5 mi
Bob Hope 39 min - 29.1 mi
Andrew Leff 818-939-4058 The CREM Group
Andrew Leff 818-939-4058 The CREM Group