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955 S Downey Road

Los Angeles (City), CA 90023
  • $1,475,000
  • STATUS: Active
  • ON SITE: 102 Days
  • MLS #: CV25008406
Price Reduced
UPDATED: 21 min ago
$1,475,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Douglas Mccauley of MARCUS & MILLICHAP (909-456-3400) and David Covarrubias of MARCUS & MILLICHAP(909-456-3400)


Description

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 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 east 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, ELACs 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 companys 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159423134
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955 S Downey Road Los Angeles (City), CA 90023

  • Price: $1,475,000
  • Status: Active
  • On Site: 102 Days
  • Updated: 21 min ago
  • MLS #: CV25008406
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1949
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
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 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 east 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, ELACs 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 companys 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.
Exterior Features

Entry Level 1 Entry Location North Lot Features Rectangular Lot Number Of Separate Electric Meters 7 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 6.55 Common Interest None Community Features Sidewalks Electric Expense 137 Fuel Expense 560 Garage YN No Gross Income 143699 Gross Scheduled Income 143699 Insurance Expense 6000 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 7250 Net Operating Income 96569 New Construction YN No New Taxes Expense 20652 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 44204 Other Expense 500 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2658 Vacancy Allowance 4311 Water Sewer Expense 4247 Water Source Public Zoning LCR4YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Douglas Mccauley of MARCUS & MILLICHAP (909-456-3400) and David Covarrubias of MARCUS & MILLICHAP(909-456-3400)