$1,550,000

We are proud to exclusively present the opportunity to acquire 955 South Downey Road, a multifamily investment located in the unincorporated area of Los Angeles, California. This six-unit property is situated on a 7,388-square-foot lot with a total building area of 4,372 square feet. The property is composed of a… Read More well-balanced mix of two one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. Key amenities include an on-site laundry facility, an upgraded electrical panel, six tuck-under parking spaces, and additional open parking. Each unit is individually metered for gas and electricity, with separate hot water heaters for enhanced efficiency. 955 South Downey Rd is located in a prime, well-connected opportunity zone of Los Angeles, offering a blend of convenience and accessibility. Situated in the heart of one of the city's dynamic neighborhoods, this location provides easy access to major highways (I-710, I-5,I-10, CA-60 & Highway 101), public transportation, and key commercial and residential areas. It is strategically positioned approximately six miles east of the vibrant Downtown Los Angeles, making it ideal for businesses and residents who value proximity to city amenities, entertainment hubs, and cultural attractions, while having the option to live in a more tranquil neighborhood. In addition, the apartment building is within a three-mile radius of several key landmarks and institutions including East Los Angeles College (ELAC), Citadel Outlets, and the brand new Topgolf located in Montebello. As one of the largest community colleges in the Los Angeles Community College District, ELAC’s main campus spans about 25 acres and serves over 15,000 students annually with a high transfer rate to four-year universities. Known for being one of the premier shopping destinations in the region, Citadel Outlets is located nearby and serves as a key retail landmark. Offering designer brand outlets and a wide array of dining and entertainment options, Citadel attracts both local shoppers and visitors from across the greater Los Angeles area. Last but not least, Topgolf Montebello opened its doors on May 3rd, 2024, marking the company’s 100th global outdoor Topgolf venue. It is a premier destination for an interactive social golfing experience, combining cutting-edge technology, fun games, delicious food, and a lively atmosphere for all ages, from golf novices to seasoned pros. Read Less

Property listed by MARCUS & MILLICHAP, Douglas McCauley 626-695-6776

Listing Snapshot

Days Online

Last Updated

Apr 1, 2025

Property Type

Apartment

Lot Size

0.17 Acres

Year Built

1949

MLS Number

CV25008406

30 Days Snapshot Of 90023

$661k

(avg) sold price

-60%

homes sold

164

+50%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

Built in 1949, Building area total: 4,372, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore

Community

Sidewalks

Expenses

Electric expense: $342, Fuel expense: $560, Gardener expense: $1,200, Insurance expense: $6,000, Maintenance expense: $13,030, New taxes expense: $21,652, Operating expense: $50,278, Trash expense: $3,077, Water sewer expense: $3,417, Other expense: $1,000

Income

Gross income: $140,435, Net operating income: $90,157

Laundry

CommonArea

Lot

0.1696 acres, 7,388 square feet, Size: 7,388, RectangularLot

Parking

7 totals parking

Pool

None

Property

Zoning: LCR4YY

Sewer

PublicSewer

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955 S Downey Road

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