Downey Villa Apartments

For Sale

11801-11823 Lakewood Blvd, Downey, CA 90241

This Downey property for sale is located at 11801-11823 Lakewood Blvd. The general use of Downey Villa Apartments is multi-family and it incorporates 19,575 square feet of class B multi-family space. The current listed sale price for Downey Villa Apartments is $8,500,000. Downey Villa Apartments is situated on a lot that is 1.07 acre in size.

Contacts

broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Property Details

  • Property Type Multi-Family
  • Property Size 19,575 SF
  • Units 45
  • Lot Size 1.07 Acre
  • Building Class B
  • Year Built 1953
  • Date Updated Apr 15, 2025
Discover the vibrant community surrounding the property in Downey, CA. This thriving city offers a blend of urban convenience and suburban tranquility, making it an appealing opportunity for multifamily and low-rise/garden investors. Downey is home to renowned medical facilities, top-rated schools, and an array of dining and entertainment options, providing a desirable living experience for residents. The nearby points of interest, such as the historic Columbia Memorial Space Center and the picturesque Wilderness Park, contribute to the area's charm and appeal. With its ideal location and diverse amenities, Downey presents an attractive investment option for those seeking to capitalize on the dynamic multifamily housing market.The Downey Villa Apartments offer an investor the opportunity to acquire 45 units in the best location of all of Downey—caddy corner to the Downey Landing development. The property has phenomenal exposure on the high-traffic major thoroughfare of Lakewood Boulevard and Stewart & Gray Road. Residents enjoy a community pool, on-site parking, an on-site laundry room and a quick walk across the street to all Downey Landing has to offer.
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Highlights

  • Best Location in all of Downey Across the Street From Downey Landing
  • Priced at $188,889/Unit
  • 10.68 GRM & 6.4% Cap Rate on Current Income
  • 8.27 GRM & 9.0% Cap Rate on Market Rents
  • Easy Upside in Rental Income for a New Owner
  • Situated on Over One Acre of Land

Getting around

  • 77/100

    Walk Score ®

  • 54/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Downey, CA
  • Neighborhood Downey
  • Zip Code 90241
  • Market Los Angeles

Points of Interest

  • Norwalk/Santa Fe Springs

    4.10 miles

  • Long Beach Boulevard

    4.62 miles

  • Montebello/Commerce

    5.41 miles

  • Willowbrook/Rosa Parks

    6.24 miles

  • 103rd Street/Watts Towers

    6.59 miles

  • Del Amo

    7.29 miles

  • Avalon

    7.78 miles

  • Indiana

    8.13 miles

  • Wardlow

    8.45 miles

  • Buena Park

    8.86 miles

  • Arco

    0.55 miles

  • ChargePoint

    0.78 miles

  • Mobil

    0.94 miles

  • Chevron

    1.07 miles

  • Speedway

    1.14 miles

  • EVgo

    3.49 miles

  • Tesla Supercharger

    4.45 miles

  • eVgo

    4.93 miles

  • Blink

    5.62 miles

  • Electrify America

    7.33 miles

  • Lakewood Boulevard Park And Ride

    1.37 miles

  • parking structure

    1.76 miles

  • Metro Norwalk C Line Station Parking

    1.88 miles

  • Lakewood-West Park And Ride

    2.32 miles

  • Parking structure

    3.19 miles

  • VIP Parking

    3.37 miles

  • Valet Parking

    3.39 miles

  • DPSS Parking Lot

    3.40 miles

  • newlife church parking

    3.85 miles

  • Long Beach Blvd Park And Ride

    4.59 miles

  • SpringHill Suites

    0.51 miles

  • Days Inn by Wyndham Downey

    0.63 miles

  • Studio Inn

    0.63 miles

  • Embassy Suites

    0.76 miles

  • Courtyard Motel

    0.81 miles

  • Quality Inn Downey

    0.82 miles

  • Rick's Motel

    0.83 miles

  • Chateau Inn & Suites

    1.01 miles

  • Colonial Motel

    1.75 miles

  • Motel 6

    2.34 miles

  • Burlington

    0.29 miles

  • Walmart Supercenter

    0.32 miles

  • ALDI

    0.49 miles

  • Big Lots

    0.51 miles

  • Ralphs

    0.52 miles

  • Macy's

    0.71 miles

  • Grocery Outlet

    0.74 miles

  • Stonewood Center

    0.74 miles

  • JCPenney

    0.75 miles

  • Kohl's

    0.82 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

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