11923 Old River School Road Downey, CA 90242

Offers Due By: 5:00 p.m. on October 5, 2021. The Casa del Rio Apartments represents an opportunity for an investor to acquire a quality 15-unit value-add multi-family asset with the potential to add an additional 4 ADUs per California State standards. There is an extra Bachelor unit (not in the 15-unit count) that is connected to one of the 2 Bd/2Ba units, which is currently being used as the owners office. The 2 Bd/2Ba could be easily combined with the Bachelor into a 3 Bd/3Ba unit. The stability of the Downey market is highly appealing to long-term investors. And for apartment renovators there is demonstrable upside in the current rents, by as much as 41%, if higher-end improvements were brought to the property. Rents have not been raised in over 2-years allowing buyer to increase rents 8.6% per state law. Downey is a coveted location for apartment investors due to its central location, diverse employment base, and access to main employment centers within the area.