8324 Alameda, Downey, California 90242, Downey, 90242 - 0 bed, 0 bath
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Downey, California 90242
Analysis of 8324 Alameda, Downey, California 90242 is currently available with a list price of $2,300,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Downey Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1962, this 8-unit complex is over 60 years old. The MLS description and property analysis explicitly state that the units are likely dated and will require 'substantial investment' and 'significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general renovations.' While the exterior appears maintained and the shared laundry room is functional with some newer flooring, the overall lack of interior photos for the individual units (especially kitchens and bathrooms) and the strong indication of necessary major updates point to a condition requiring substantial repairs and rehabilitation to meet current standards and tenant expectations.
This 8-unit complex offers significant rental income potential and economies of scale, making it an attractive opportunity for investors seeking a multi-family asset.
The property includes an on-site shared laundry room and 10 dedicated parking spaces, providing valuable conveniences for tenants and potentially generating additional income.
Situated in the 'heart of Downey,' the property benefits from a desirable and established location, likely attracting a steady pool of renters.
Built in 1962, the property is over 60 years old, which may necessitate significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general renovations to maintain competitiveness and tenant appeal.
The property has seen a $200,000 price reduction from its original list price, which could indicate an over-optimistic initial valuation or a lack of strong buyer interest at the higher price point.
The description does not mention any recent renovations or upgrades to the individual units, suggesting they may be dated and require substantial investment to maximize rental income and attract premium tenants.
Fantastic investment opportunity in the heart of Downey! This 8-unit complex features a total of 10 bedrooms and 10 bathrooms across all units. The property offers an on-site shared laundry room for tenant convenience and includes 10 parking spaces located in the rear. There is a 12 month cash flow attached in the supplements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,424 | 6,834 | 50% |
| Lot Size | 10,072 | 13,106.5 | 50% |
| Price | $2.30M | $2.36M | 50% |
| Price per sq ft | $424 | $358 | 50% |
| Built year | 1962 | 1970 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 166 | 159 | 0% |
Feb 6, 2026
$2,300,000
$2,500,000
-8% Price Drop
Initial Listing
Nov 7, 2025
$2,500,000
Initial Listing