11221 Pangborn Avenue Active Save Request In-Person Tour Request Virtual Tour
Downey,CA 90241
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,218 sqft
Price per Sqft $621
MLS Listing ID DW-25196163
Year Built 1963
Lot Size 5,931 Sqft
Property Sub-Type Single Family Residence
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. One unit is currently vacant, presenting the perfect chance for an owner-user to live on-site while collecting rent from the others, or for an investor to lease it at full market value. 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. Drive by only, please don't disturb tenants.
Location
State CA
County Los Angeles
Area Southeast Downey, S Of Firestone, E Of Downey
Zoning DOR3*
Interior
Laundry None
Exterior
Parking Features Attached Carport
Pool None
Community Features Sidewalks,Street Lights
Building
Lot Description Lot 6500-9999
Sewer Public Sewer