Downey Multifamily Market Report
Downey has a diverse economy supported by stable job opportunities and population levels. Many Downey residents are employed in the retail, food service, healthcare, and construction sectors. Jobs in offices, education, and healthcare are also a big part of the local economy.
The city’s population has stayed steady over the past four years, with about 114,355 residents. This steady population helps keep local businesses and industries strong, creating a balanced and reliable economy.
Downey Multifamily By the Numbers
- Cap Rate: 4.0%
- Sale Price per Unit: $237.1K
- Sold Units: 229
- Average Sale Price: $4.9M
- Sales Volume: $54.3M
- Sale vs. Asking Price: -7.9%
- Months to Sale: 5.0
Downey Sales Activity
| Address | ZIP | Units | Year Built | Building SF | Sale Price | Price/Unit | Price/SF | Cap Rate | Sale Date |
| 7375-7385 Emily Ln | 90242 | 16 | 1958 | 10,200 | $3,025,000.00 | $189,062.00 | $296.56 | 4.80% | 8/1/24 |
| 11725 Downey Ave | 90241 | 22 | 1962 | 17,520 | $7,400,000.00 | $336,363.00 | $422.37 | N/A | 8/30/24 |
| 11026 Pangborn Ave | 90241 | 35 | 1969 | 21,283 | $9,080,000.00 | $259,428.00 | $426.63 | 4.90% | 8/23/24 |
| 8116 3rd St | 90241 | 14 | 1941 | 7,704 | $2,800,000.00 | $200,000.00 | $363.44 | 3.42% | 7/30/24 |
| 8020 Birchcrest Rd | 90240 | 90 | 1961 | 53,550 | $19,850,000.00 | $220,556.00 | $370.68 | N/A | 7/19/24 |
| 8219 5th St | 90241 | 4 | 1924 | 2,596 | $1,240,000.00 | $310,000.00 | $477.65 | 2.48% | 7/12/24 |
| 8721 Lyndora St | 90242 | 4 | 1958 | 3,000 | $1,225,000.00 | $306,250.00 | $408.33 | 5.90% | 6/21/24 |
| 7395 Emily Ln | 90242 | 16 | 1958 | 10,912 | $3,350,000 | $209,375 | $307 | N/A | 12/26/24 |
| 9351 Washbrun Rd | 90242 | 18 | 1964 | 13,665 | $4,425,000 | $245,833 | $323.82 | N/A | 12/11/24 |
| 8741 Firestone Blvd | 90241 | 4 | 1940 | 1,780 | $700,000 | $175,000 | $393.26 | N/A | 12/3/24 |
| 8312 Luxor St | 90241 | 4 | 1953 | 3,000 | $1,200,000.00 | $300,000.00 | $400.00 | 2.74% | 4/19/24 |
| Averages | 21 | 1953 | 13,201 | $4,935,909.00 | $250,169.73 | $380.89 | 4.04% |
