7834 2nd ST Downey, CA 90241

7834 2nd Street is a pride-of-ownership six-unit multifamily investment property in Downey, California. The property consists of a large 0.35-acre lot with two single-story duplexes and a rear building with two units above six single-car garages. All units are spacious one-bedrooms with in-unit laundry hookups, hardwood floors, tile showers, individual water heaters, and separate gas and electric meters. The property also features a newer roof (two years old) and five surface parking spaces.

7834 2nd Street’s convenient proximity to transit and retail has earned it a WalkScore of 85. The property is located near the intersection of Firestone Boulevard and Rives Avenue and within a five-minute walk of the 115 Metro bus line that runs from Norwalk to Playa Del Rey and two major grocery stores (Albertson’s and Stater Bros.). This area is a solid majority-renter market with an average household income within one mile that exceeds $82,000.

This offering presents a great opportunity for an investor to acquire a well-maintained asset with value-add potential and 47 percent rental upside in a strong rental area.