Homes for sale - 955 S Downey RD, Los Angeles, CA 90023

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25008406

HOA Y/N No

Year Built 1949

Lot Size 7,387 Sqft

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 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LCR4YY

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5236006009

Energy Description 560.0

Acceptable Financing Cash,Cash to New Loan

Listing Terms Cash,Cash to New Loan

Special Listing Condition Standard