17000 Downey Avenue is a seven-unit multifamily investment property in Paramount, California. The property has great exposure along Downey Avenue and is well-located conveniently near the 91 Freeway. This area is a solid rental market with low vacancy and over 63 percent of housing units within one-mile are renter-occupied.
The offering consists of four buildings on a large lot with a desirable mix of three three-bedroom units* and four two-bedroom units. The units are separately metered for gas and electricity. The property also features ample garage and open on-site parking.
17000 Downey Avenue presents a great opportunity for an investor to acquire an asset with a desirable unit mix in a strong rental market and capture potential upside in rents.
This property is offered along with 16871 Verdura Avenue, an adjacent five-unit property. The properties may be purchased separately or together. Please contact the listing agents for more information.
*Note: One of the third bedrooms is unpermitted.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.