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$300K REDUCTION - Downey Ave Portfolio 2 biens • À vendre 2 013 354 $ CAD • Downey, CA
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Combined ±24,769 SF corner lot at Downey Ave & Alameda St - 2 PARCELS MUST BE SOLD TOGETHER
- 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
- Southeast Los Angeles County continues to experience upward pressure on rents due to limited new construction
- Current uses include a self-service car wash (legal nonconforming) and a two-unit retail building - all tenants M2M
- Medium Density Residential in the City’s General Plan | Build 10-14 Units (or more with incentives - Buyer to verify w/ City of Downey)
- Strong surrounding demographics, including average household income of approx. $95,000 within 1-mile radius and a median age in the mid-30s
RÉSUMÉ DE L'ANNONCE
The CREM Group is pleased to exclusively present for sale 12149 and 12161 Downey Avenue, a combined ±24,769 square foot corner parcel located at the signalized intersection of Downey Avenue and Alameda Street in Downey, California.
The property is designated Medium Density Residential (MDR) under the City of Downey General Plan, positioning the site as a future residential redevelopment opportunity in an established infill neighborhood with strong housing demand. The combined land area of approximately 0.57 acres allows for potential development of townhomes or multifamily housing, subject to City approvals.
While the underlying zoning remains C-2 (General Commercial), the City’s General Plan guidance prioritizes residential use at this location. As a result, new commercial uses are expected to face significant entitlement challenges, whereas residential redevelopment aligns with the City’s long-term planning vision.
The site is currently improved with a freestanding retail building and a self-service car wash, providing interim income and flexibility while a buyer evaluates entitlement strategy, rezoning requirements, and development feasibility.
The property is designated Medium Density Residential (MDR) under the City of Downey General Plan, positioning the site as a future residential redevelopment opportunity in an established infill neighborhood with strong housing demand. The combined land area of approximately 0.57 acres allows for potential development of townhomes or multifamily housing, subject to City approvals.
While the underlying zoning remains C-2 (General Commercial), the City’s General Plan guidance prioritizes residential use at this location. As a result, new commercial uses are expected to face significant entitlement challenges, whereas residential redevelopment aligns with the City’s long-term planning vision.
The site is currently improved with a freestanding retail building and a self-service car wash, providing interim income and flexibility while a buyer evaluates entitlement strategy, rezoning requirements, and development feasibility.
FAITS SUR LA PROPRIÉTÉ
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 12149-12151 Downey Ave, Downey, CA 90242 | Commerce de détail | 2 700 pi² | 1961 | - |
| 12161 Downey Ave, Downey, CA 90242 | Spécialité | 1 644 pi² | 1970 | - |
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$300K REDUCTION - Downey Ave Portfolio
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