A rare multifamily that checks every box. This four-unit apartment complex, tucked into one of Downey’s most established neighborhoods, offers just that. This exclusive four-unit apartment building stands proudly on a tree-lined street, offering not only income-generating potential but also a place where tenants love to call home. Recently remodeled and enhanced with thoughtful updates, this property shines as both a turnkey option and a value-add investment for the savvy buyer. From the outside, you’ll immediately notice the new custom siding, fresh paint, upgraded windows, and a secure entry gate accented with a striking exterior chandelier, details that set the tone for a well-maintained and inviting complex. Step inside and you’ll find spacious apartments, thoughtfully upgraded with remodeled kitchens, modern flooring, fresh paint, and updated bathrooms. The building offers a total of three 1 Bed/1 Bath units and one larger 2 Bed/1.5 Bath unit, creating a flexible mix that appeals to a wide range of renters. Parking is never a challenge here, with six dedicated spaces including three carports and three additional parking spots. One unit is currently vacant, presenting the perfect chance for an owner-user to live on-site while collecting rent from the others, or for an investor to lease it at full market value. With 3,218 sq. ft. of total living space on a 5,931 sq. ft. lot, this property combines comfort with function while still leaving room for future rent growth. The location is unbeatable, this established Downey neighborhood is clean, well-connected, and highly sought after. Residents enjoy being within walking distance to shops, restaurants, and local parks, while also benefiting from easy access to major freeways. It’s the ideal balance of convenience and community, ensuring strong demand and long-term stability. Don’t miss this investment opportunity! With its blend of recent upgrades, income potential, and prime location, this four-unit property offers the best of Downey living, whether you’re expanding your portfolio or stepping into multifamily ownership for the first time. Drive by only, please don’t disturb tenants.
Property Details
Price:
$2,000,000
MLS #:
DW25196163
Status:
A
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
d4
Listed Date:
Sep 1, 2025
Total Sq Ft:
3,218
Lot Size:
5,931 sqft / 0.14 acres (approx)
Year Built:
1963
See this Listing
Schools
Interior
Laundry Features
NO
Exterior
Community Features
SDW, SL
Financial
Map
Community
- AddressPangborn AV Lot 16 Downey CA
- CityDowney
- CountyLA
- Zip Code90241
Market Summary
Current real estate data for Single Family in Downey as of Oct 30, 2025
91
Single Family Listed
44
Avg DOM
475
Avg $ / SqFt
$973,589
Avg List Price
Property Summary
- Pangborn AV Lot 16 Downey CA is a Single Family for sale in Downey, CA, 90241. It is listed for $2,000,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1963. The average price per square foot for Single Family listings in Downey is $475. The average listing price for Single Family in Downey is $973,589.
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Pangborn AV Lot 16
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