10334 E PARAMOUNT Boulevard E

About This Property

The North Downey Crest is a 26-unit apartment community situated in the strong rental market of Downey California within the greater Los Angeles market. The subject property is a medium density garden-style, non-rent controlled asset, situated on 27,443 square feet of prime residential land. North Downey Crest Apartments was built in 1962 and is comprised of 16 one-bedroom/one-bathroom units and 10 two-bedroom/one-bathroom units. The property offers ample on-site parking and a laundry facility. This is a rare opportunity for an investor to acquire a larger building in a prime North Downey location with realistic upside in rents. The subject property is positioned in the desirable North Downey rental market at the intersections of Florence Avenue and Paramount Boulevard. The location offers high visibility in an area known for its strong tenancy, stable rent growth and high occupancy.

Unit Mix

• 6 units · 1bd / 1ba
• 4 units · 2bd / 1ba

Neighborhood

This property is located in Downey. Want to learn more about the area?