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12843 Columbia Way, Downey, California 90242, Downey, 90242 - 4 bed, 2 bath

12843 Columbia Way, Downey, California 90242 home-pic-0
ACTIVE$1,049,000
12843 Columbia Way, Downey, California 90242
4Beds
2Baths
1,760Sqft
6,242Lot
Year Built
1953
Close
-
List price
$1.05M
Original List price
$1.1M
Price/Sqft
$596
HOA
-
Days on market
-
Sold On
-
MLS number
TR25237136
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.05M(50th), sqft - 1760(50th), beds - 4(71th), baths - 2(57th).

Well maintained duplex with good tenants in place. Great investment opportunity. Desirable location. Both units have 2 bedrooms and 1 bath, interior laundry and Central AC/Heat. Upgrades include full copper repipe, Oak cabinetry, Remodeled kitchens, Tile flooring and Hardwired smart smoke/co detectors. Owner pays water for both units. Gas and electricity are individually metered and paid by Tenants. 1 unit has a 2 car garage and the other has gated cement pad parking in the yard. Nicely landscaped yards with fruit trees. Good tenants in place. Rents currently close to market rate. Close to Kaiser, LA County Office of Education, Shopping, Restaurants and Freeway Access. Pics taken when previously vacant. Please do not disturb Tenants!

Price History

Date
Event
Price
10/22/25
Price Change
$1,049,000-4.6%
10/10/25
Listing
$1,100,000
06/16/06
Sold
$655,000
Condition Rating
Fair
The property, built in 1953, has undergone significant upgrades including a full copper repipe, remodeled kitchens with oak cabinetry and tile flooring, and central AC/Heat, along with a smart thermostat. These updates indicate good maintenance and functionality. However, the kitchen appliances (white dishwasher), light fixtures (flush mount), and bedroom carpets appear dated or show some wear, preventing a 'Good' rating. While move-in ready, the overall aesthetic and some components suggest renovations were likely done more than 15 years ago, aligning with a 'Fair' condition.
Pros & Cons

Pros

Strong Investment Opportunity: This duplex offers a compelling investment with good, in-place tenants and rents already close to market rate, ensuring immediate cash flow and stability for a new owner.
Extensive Property Upgrades: Significant recent upgrades including a full copper repipe, remodeled kitchens, new tile flooring, and hardwired smart smoke/CO detectors enhance property value and reduce immediate maintenance concerns.
Desirable Location: Situated in a desirable Downey location, the property benefits from close proximity to essential amenities like Kaiser, LA County Office of Education, shopping, restaurants, and freeway access, appealing to a broad tenant base.
Well-Maintained Condition: The property is explicitly described as 'well maintained' with nicely landscaped yards and fruit trees, suggesting good upkeep and curb appeal, minimizing initial capital expenditures for the buyer.
Tenant-Friendly Amenities: Both units feature central AC/Heat, interior laundry, and dedicated parking (one 2-car garage, one gated cement pad), which are highly attractive amenities for tenants.

Cons

Age of Property: Built in 1953, despite recent upgrades, the property's age may still imply potential for future maintenance or replacement of older, un-upgraded systems or structural components.
Owner-Paid Water Utilities: The owner is responsible for water costs for both units, which represents an ongoing operational expense that reduces the net income for the investor.
Tenant Occupancy Restrictions: The instruction 'Please do not disturb Tenants!' and photos taken when vacant could limit showing flexibility and thorough inspection access for potential buyers, making due diligence more challenging.

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