Rare opportunity to own a large duplex in the heart of Downey! Built in 1988 and sitting on a generous 12,016 sqft lot. This property offers plenty of space, comfort and versatility. Front unit offers 5 bedrooms, 2 bathrooms and an inviting spacious layout with over 3,000 sqft. Back unit has 2 bedrooms, 2 bathrooms with a private entrance and cozy charm. Both units feature their own 2-car garages, central air, ample parking and much more. Conveniently located near schools, shopping, dining, and major freeways. This property is perfect for investors. Don't miss out on this exceptional find!
La Villa Hermosa features a gated private 15 Units building with 8= 1bd 1bth 6= 2bd 1bth 1= 3bth 2bth All units are spacious, the property has it's own Community Laundry area and storage room, NEW ROOF, NEW DUAL PANEL WINDOWS, AS OF MAY 2024 MORE INCOME!! 3 units are upgraded with laminated wood floors new kitchen cabinets and paint, there are a total of 26 total parking spaces of which 4 garages and 2 parking spaces are bringing additional monthly income. This Building is located walking distance to Stonewood Mall, Downey landing, Promenade, Kaiser Permanente, Cinemark and lots of surrounding restaurants to choose from, for the convenience of the tenants there is also easy access to the surrounding Fwy's. This property is centrally located that there are hardly any vacancies, SELLER MAY CONSIDER TO CARRY THE LOAN.
The median home value in Downey, CA is $745,600. This is lower than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Downey, CA is $745,600. Approximately 47.29% of Downey homes are owned, compared to 49.19% rented, while 3.52% are vacant. Downey real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Downey real estate agent to arrange a tour today!
Downey, California 90242 has a population of 114,293. Downey 90242 is more family-centric than the surrounding county with 32.42% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Downey, California 90242 is $77,972. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Downey 90242 is 35.9 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 46 degrees. The average rainfall is approximately 14.1 inches per year, with 0 inches of snow per year.