10515 Downey Ave, Downey, California 90241, Downey, 90241 - bed, bath
ACTIVE$1,950,000
10515 Downey Ave, Downey, California 90241
0Bed
0Bath
7,207Sqft
8,125Lot
Year Built
1976
Close
-
List price
$1.95M
Original List price
$1.95M
Price/Sqft
$271
HOA
-
Days on market
-
Sold On
-
MLS number
NP25244069
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.95M(86th), sqft - 7207(86th), beds - undefined(50th), baths - undefined(50th).
Pleased to offer the opportunity to acquire a huge fourplex on Downey Ave, for sale by its original builders. With a highly coveted unit mix, these large units are ideal for an owner/user or an investor looking to add to their portfolio. Ample parking, including extra garages help contribute to this well maintained property, which has further upside with interior modernization. The Downey Ave Fourplex is part of a four-property portfolio of similarly constructed buildings in Bellflower and Downey, which may be purchased either individually or as a portfolio.
Nearby schools
5/10
Rio Hondo Elementary School
Public,•K-5•0.6mi
8/10
Gallatin Elementary School
Public,•K-5•0.9mi
7/10
Price Elementary School
Public,•K-5•0.9mi
7/10
Rio San Gabriel Elementary School
Public,•K-5•1.1mi
7/10
Studebaker Elementary School
Public,•K-5•2.2mi
6/10
Lakeview Elementary School
Public,•K-5•2.3mi
7/10
Griffiths Middle School
Public,•6-8•0.8mi
6/10
Doty Middle School
Public,•6-8•1.0mi
5/10
Sussman Middle School
Public,•6-8•1.9mi
7/10
Lakeside Middle School
Public,•6-8•2.2mi
7/10
Lake Center Middle
Public,•6-8•2.8mi
7/10
Downey High School
Public,•9-12•0.6mi
7/10
Warren High School
Public,•9-12•1.1mi
8/10
Santa Fe High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
10/22/25
Listing
$1,950,000
Condition Rating
Poor
Built in 1976, this property is nearly 50 years old, and the images clearly show highly dated interiors, particularly in the kitchen and bathrooms. The kitchen features original-style flat-panel wood cabinets, laminate countertops, older white appliances, and a fluorescent box light. The bathroom has an outdated vanity, strip lighting, and older fixtures. The description explicitly states 'further upside with interior modernization,' confirming the need for substantial rehabilitation to meet current standards. While the exterior appears maintained, the critical interior components are significantly outdated, requiring major investment to update.
Pros & Cons
Pros
Income-Generating Quadruplex: This 'huge fourplex' is explicitly designed as a residential income property, offering significant rental income potential for investors or owner/users.
Original Builder Sale: Being sold by its original builders suggests a deep understanding of the property's construction and potentially a history of meticulous maintenance, offering transparency and confidence to buyers.
Desirable Unit Mix & Size: The property features a 'highly coveted unit mix' with 'large units,' which is attractive to a broad tenant base and contributes to stable occupancy and strong rental demand.
Ample Parking & Garages: The provision of ample parking, including extra garages, is a significant advantage for a multi-unit property, enhancing tenant convenience and property value.
Value-Add Potential: The description highlights 'further upside with interior modernization,' indicating a clear path for a new owner to increase property value and rental income through strategic upgrades.
Cons
Dated Interiors Requiring Modernization: The explicit mention of 'upside with interior modernization' implies that the current unit interiors are likely outdated and will require significant capital investment to meet modern tenant expectations and maximize rental income.
Age of Property & System Longevity: Built in 1976, the property is nearly 50 years old, suggesting that major building systems (e.g., plumbing, electrical, roofing, HVAC) may be original or nearing the end of their useful life, potentially leading to future repair or replacement costs.
Lack of Current Financials: The property description does not provide current rental income figures or occupancy rates, which are crucial for an investor's financial analysis and could indicate potential vacancies or below-market rents.