13130 Deming Ave
- 70% 2-Bedroom Units
- Priced at $225,000 per Unit
- 8.4% Cap on Market Rents
- Substantial Rental Upside & Value-Add
- Prime Downey Area on Residential Street
- No City Rent Control
Property Description
Morgan Skenderian is pleased to present The Deming Apartments, a rare opportunity to purchase a 20-unit apartment building with a prime unit mix of 70% 2-bedroom units for $225,000 per unit. The property sits on a residential street in the sought-after rental market of Downey. This is a true value-add opportunity for a new owner to improve property aesthetics and increase future income. The property offers a private courtyard, ample parking and on-site laundry facilities. Given the property’s ideal central location near Southland freeways (30 minutes or less median travel time to work) and the city of Downey’s sterling reputation with tenants, The Deming Apartments will benefit from rapidly rising rents as demand far outpaces supply resulting in historically-low vacancy rates.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,500,000 |
| No. of Units: | 20 |
| Year Built: | 1963 |
| Lot Size: | 0.58 Acres |
| Opportunity Zone: | No |
| Price per unit: | $225,000 |
| Property Website | Click Here |
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