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$2,000,000
New Listing

11221 Pangborn Avenue
Downey, CA 90241

For Sale|Single Family Residence|Active
0
Beds
0
Total Baths
3,218
SqFt
$622
/SqFt
1963
Built
County:
Los Angeles
Listed by Edgar Cortez of M C Funding Inc. Ecortez.RealEstate@gmail.com

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11221 Pangborn Avenue11221 Pangborn Avenue11221 Pangborn Avenue11221 Pangborn Avenue
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A rare multifamily that checks every box. This four-unit apartment complex, tucked into one of Downey’s most established neighborhoods, offers just that. This exclusive four-unit apartment building stands proudly on a tree-lined street, offering not only income-generating potential but also a place where tenants love to call home. Recently remodeled and enhanced with thoughtful updates, this property shines as both a turnkey option and a value-add investment for the savvy buyer. From the outside, you’ll immediately notice the new custom siding, fresh paint, upgraded windows, and a secure entry gate accented with a striking exterior chandelier, details that set the tone for a well-maintained and inviting complex. Step inside and you’ll find spacious apartments, each approximately 800 sq. ft., thoughtfully upgraded with remodeled kitchens, modern flooring, fresh paint, and updated bathrooms. The building offers a total of three 1 Bed/1 Bath units and one larger 2 Bed/1.5 Bath unit, creating a flexible mix that appeals to a wide range of renters. Parking is never a challenge here, with six dedicated spaces including three carports and three additional parking spots. One unit is currently vacant, presenting the perfect chance for an owner-user to live on-site while collecting rent from the others, or for an investor to lease it at full market value. With 3,218 sq. ft. of total living space on a 5,931 sq. ft. lot, this property combines comfort with function while still leaving room for future rent growth. The location is unbeatable, this established Downey neighborhood is clean, well-connected, and highly sought after. Residents enjoy being within walking distance to shops, restaurants, and local parks, while also benefiting from easy access to major freeways. It’s the ideal balance of convenience and community, ensuring strong demand and long-term stability. Don’t miss this investment opportunity! With its blend of recent upgrades, income potential, and prime location, this four-unit property offers the best of Downey living, whether you’re expanding your portfolio or stepping into multifamily ownership for the first time. Drive by only, please don’t disturb tenants.

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Listing Snapshot
Price 
$2,000,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,218 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1362 Acres
Year Built 
1963
MLS® Number 
DW25196163
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
19 hours agoListing first seen on site
19 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.1362
Number Of Stories 
2
Parking 
Attached Carport
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3218
Water Source 
Public
Zoning 
DOR3*
Interior Features
Laundry Features 
None
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Exterior Features
Pool Features 
None
Community Features
Building Access 
Front
Community Features 
Street LightsSidewalks
Financing Terms Available 
CashConventional
MLS Area 
D4 - Southeast Downey, S of Firestone, E of Downey


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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