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  • Nathan Demosthenes

12 Unit Entitled Town Home Development Hits the Market For Sale - Downey

Updated: Oct 1, 2019


Cushman & Wakefield, as the exclusive listing agent, is

pleased to present 7224 Florence Avenue, currently a six-unit

multifamily property located in the City of Downey,

California. The units consists of ground level units all that

are all separated. The property received minor upkeep.

Each unit is separately metered for gas & electricity and all

units have individual water heaters. The property has been entitled

and approved for a 6 Building, 12 Town home development, each unit roughly 1,700 SqFt

with 2 car garages. Plans in place and already approved to build giving

this property huge potential upside.

This property is in a good central Downey location

right off Garfield Ave, which is a major street. Within walking

distance, tenants have access to major retail centers that

consist of the most popular restaurants and shops in

Downey. The property is also in close proximity to

CA-710 & I-5 Freeways, which allow tenants easy access to

nearby attractions such as Disneyland, Honda Center and

Angel Stadium and Los Angeles.

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