Downey Multifamily Investments
Downey offers a desirable location close to the bustling city center while providing a peaceful suburban atmosphere.
The city’s real estate market has become a hotbed of activity due to its relative affordability compared to neighboring municipalities, making it an attractive choice for homebuyers. With its tranquil ambiance, Downey provides a welcome retreat from the fast-paced urban zones, allowing residents to enjoy a quieter and more serene lifestyle. Despite its peaceful nature, it is far from dull, as it boasts vibrant communities with many amenities and attractions. As a testament to its desirability, reports show that Downey homes sell quickly and often above the listing price, reflecting the strong demand for properties in the area.
GROWTH POTENTIAL: Downey offers residents a promising future with its recognition as L.A. County’s “Most Business-Friendly City” in 2017. This accolade speaks to its strong economy and the potential for further growth and prosperity. This translates to increased job opportunities, a growing workforce, and a higher demand for residential units, making it an ideal market for real estate investors seeking long-term returns.
PROPERTY TYPES: Downey’s diverse real estate landscape presents various property types to suit different investment strategies. Whether you’re interested in condos, townhouses, single-family residences, or multi-family properties, you’ll find options that cater to your specific goals. The occasional availability of undeveloped land parcels and industrial lots offers the potential for future development or alternative use to explore creative investment avenues.
VIBRANT CITY EVENTS: The Downey International Food & Music Festival and the Dia de Los Muertos Art Festival are just some of the most anticipated annual events. These celebrations offer entertainment and cultural experiences, support the local economy, and promote diversity. They also attract a large number of visitors from different places. The influx of tourists can create additional demand for short-term rentals, allowing investors to generate extra income and maximize returns. These also contribute to the city’s positive reputation, attracting potential homebuyers and enhancing property values.
Downey, CA Real Estate Information
10 Real Estate Facts About Investment Properties in Downey, CA
- Expand your real estate portfolio with the availability of apartments, townhouses, single-family homes, multi-family buildings, and on rare occasions, undeveloped land parcels for use in agriculture and recreation.
- According to bestplaces.net, the median listing home price in Downey, CA, is $745,600.
- The price per square foot of Downey, CA, homes is $538, up 2.3% since last year.
- Property appreciation for the last 12 months is 12.1%
- On average, Downey houses sell after 24 days on the market compared to 32 days last year.
- Downey boasts a competitive real estate market with properties selling 2%-4% above the listing price.
- About 47.8% of the residences in the area are owned, while 48% are rented.
- Approximately 42.6% of the homes in Downey, CA, were built from 1950 to 1959.
- Job growth in Downey has been positive, which increased by 0.7% over the past year.
- The city has no recorded snowfall and enjoys 300 days of sunshine yearly.
Investment Properties for Sale in Downey, CA
Multi-Family Investment Properties in Downey, CA
Downey, CA Neighborhoods Map
Major highways that pass through or near Downey include Interstate 5, Interstate 105, and Interstate 605. To the north is Pico Rivera, the city of South Gate and Bell Gardens lie to the west, Paramount and Bellflower to the south, and Santa Fe Springs and Norwalk to the east.
Downey, CA Interactive Map
Click on the map for a brief introduction
Ready to take the next step?
Jack Patel has a unique skill set and ability to help navigate his clients through any real estate transaction, no matter what property type, to achieve the best results for his clients. Jack is also involved in the acquisition, repositioning, and disposition of hospitality properties for private investors. Jack’s ability to stay focused on the market has proven successful for many of his clients. He listens and understandings the client’s wants and needs in order to help steer them to the best situation possible based on the market. This has helped Jack create an extensive client base of new and seasoned investors for all property types. Let’s get in touch, and we will show you exceptional properties in Long Beach, CA.