
Downey, California 90241
This Modernized Multi-Unit Residence is listed at $2,199,000, representing a premium, move-in ready asset relative to the $1,879,105 Fair Market Value. Boasting a Good Condition Rating from an extensive 2018 renovation, the property features quartz countertops, stainless-steel appliances, and smart home automation. The rare configuration of a 4-bedroom main unit and two 2-bedroom units—each with a private 2-car garage and patio—provides a unique lifestyle within the Downey Unified School District. This is a sophisticated opportunity for Owner-Occupants or Multi-Generational Families seeking a turnkey, income-generating sanctuary.
Property is move-in ready.
The property was extensively renovated in 2018, which falls within the 5 to 15-year window for a 'Good' rating. The interiors feature contemporary upgrades including quartz countertops, new cabinetry, stainless steel appliances, and modern bathroom fixtures like steam showers. While the property is move-in ready with high-end finishes and smart home automation, it does not meet the 'Excellent' criteria of being renovated within the last 5 years.
Extensively renovated in 2018 with contemporary finishes, quartz countertops, and smart home automation, ensuring high tenant appeal and minimal immediate maintenance.
The rare combination of a large 4-bedroom unit and two 2-bedroom units provides an ideal opportunity for an owner-user to live comfortably while maximizing rental income.
Each of the three units includes its own private 2-car garage, a premium feature that significantly enhances property value and tenant retention in the Downey area.
With a list price of $2.199M, the property sits at a high price point for a tri-plex, which may result in a lower capitalization rate for traditional investors.
Located near the 710 and 105 freeway interchange, the property may experience increased ambient noise levels, which could impact long-term residential tranquility.
Newly renovated in 2018 tri-plex in Downey. The unit mix is two 2bd/1.5bth units and one 4bd/2bth unit. A ll the units have heavily upgraded interiors, now featuring a contemporary design. Each unit has seen upgrades to the floors along with newer paint. The kitchens feature new cabinets, quartz countertops, and stainless-steel appliances. Bathroom upgrades include newer vanities, steam showers, and newer fixtures. Other amenities include laundry hookups and 2-car garages for each unit, as well as smart home automation for the lights and thermostats for added efficiency. The property is conveniently located near the 710 and 105 Freeways and presents the perfect opportunity for a landlord to live in one unit while renting out the other two.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 7% |
| Baths | 0.0 | 2.0 | 7% |
| Square foot | 4,560 | 1,831 | 96% |
| Lot Size | 6,401 | 7,497.5 | 41% |
| Price | $2.20M | $1.01M | 98% |
| Price per sq ft | $482 | $607 | 17% |
| Built year | 1978 | 1951 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 171 | 11% |
Feb 20, 2026
$2,199,000
Initial Listing
Jul 2, 2020
$1,300,000
Public Record
Sep 6, 2017
$1,000,000
Public Record
Aug 20, 2007
$820,000
Public Record
Jul 23, 2002
$465,000
Public Record