CA > Downey
Downey, CA 90241,11221 Pangborn Avenue
Downey, CA 90241,11221 Pangborn Avenue
Downey, CA 90241,11221 Pangborn Avenue
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Edgar Cortez • M C Funding Inc.
$1,400,000
Est. payment /mo
3,218 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,218 sqft

Price per Sqft $435

MLS Listing ID DW-25276595

Year Built 1963

Lot Size 5,931 Sqft

Property Sub-Type Quadruplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

A rare multifamily that checks every box. This four-unit apartment complex, tucked into one of Downey's most established neighborhoods, offers just that. This exclusive four-unit apartment building stands proudly on a tree-lined street, offering not only income-generating potential but also a place where tenants love to call home. Recently remodeled and enhanced with thoughtful updates, this property shines as both a turnkey option and a value-add investment for the savvy buyer. From the outside, you'll immediately notice the new custom siding, fresh paint, upgraded windows, and a secure entry gate accented with a striking exterior chandelier, details that set the tone for a well-maintained and inviting complex. Step inside and you'll find spacious apartments, thoughtfully upgraded with remodeled kitchens, modern flooring, fresh paint, and updated bathrooms. The building offers a total of three 1 Bed/1 Bath units and one larger 2 Bed/1.5 Bath unit, creating a flexible mix that appeals to a wide range of renters. Parking is never a challenge here, with six dedicated spaces including three carports and three additional parking spots. With 3,218 sq. ft. of total living space on a 5,931 sq. ft. lot, this property combines comfort with function while still leaving room for future rent growth. The location is unbeatable, this established Downey neighborhood is clean, well-connected, and highly sought after. Residents enjoy being within walking distance to shops, restaurants, and local parks, while also benefiting from easy access to major freeways. It's the ideal balance of convenience and community, ensuring strong demand and long-term stability. Don't miss this investment opportunity! With its blend of recent upgrades, income potential, and prime location, this four-unit property offers the best of Downey living, whether you're expanding your portfolio or stepping into multifamily ownership for the first time. ALL UNITS ARE TENANT OCCUPIED. Drive by only, please don't disturb tenants.

Location

State CA

County Los Angeles

Area Southeast Downey, S Of Firestone, E Of Downey

Interior

Laundry Common Area

Exterior

Pool None

Community Features Sidewalks, Street Lights

Building

Lot Description Cul-De-Sac

Sewer Public Sewer

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Paul Ward
Paul Ward

Broker Associate | License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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