Downey, CA Real Estate Search

Downey, CA Multi-Family Homes for Sale

Downey, CA, is a thriving city that offers a diverse array of multi-family homes for sale, making it an attractive option for both investors and families looking for a home with added rental income potential. The area features a mix of well-maintained duplexes, triplexes, and larger apartment buildings, showcasing a variety of architectural styles and layouts to suit different preferences. With its convenient access to major highways, shopping districts, and parks, Downey provides an ideal location for residents. The vibrant community, coupled with a strong rental market, makes these multi-family properties not only a smart investment but also a wonderful place to live, ensuring a steady demand for housing in this growing city.

Our website features the best real estate search for multi-family homes available in Downey, CA and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest Downey, CA Multi-Family Homes for Sale

$1,259,999
ML82054644 MLS ⋅ Active Status
Rare $1,259,999 Multi-Family Opportunity in Downey! Two Turnkey Homes on One Lot!Perfect for multi-generational living or rental income, this property features two independent 2BR/1BA homes on a single lot. Built in 1948, these homes showcase timeless traditional charm. The front home boasts central AC, a spacious living room, and an eat-in kitchen. Includes a shared common area laundry room.Location, location, location! This property is within easy walking distance to Downey High School, PIH Health Downey Hospital, and local neighborhood shopping and dining.The exterior is a low-maintenance oasis with a water-conscious succulent lawn. The entertaining side yard features a covered gazebo, pergola, and tranquil water fountain. Parking includes a detached 2-car garage plus a driveway for 3 additional cars. Camera surveillance system transfers to the buyer, and additional personal property items are negotiable!

8412 Cleta Street, Downey
$1,499,000
DW26111475 MLS ⋅ Active Status
Welcome to this charming 6 bedroom 6 bath duplex. Each unit features 3 ample bedrooms, 2 full bathrooms, and 1 half bath offering almost 1500 sq ft of living space with an open floor plan. One unit is fully renovated, property located in the heart of Downey close to restaurants, shopping, schools and easy access to freeways. Don't miss out on this great opportunity!

10535 Myrtle, Downey
$1,498,000
SB26109291 MLS ⋅ Active Status
Exceptional opportunity to own a newer construction duplex featuring two detached homes on one large lot in a prime location in Downey. Built in 1988, this well-maintained property offers approximately 4,264 sqft of living space situated on an expansive 12,016 sqft lot. The front unit features 5 bedrooms and 2 bathrooms, while the rear unit offers 2 bedrooms and 2 bathrooms, creating an ideal setup for owner-users, multigenerational living, or investors seeking strong rental potential. Each unit includes its own private 2-car garage, central air conditioning, and functional layouts designed for comfortable living. The oversized lot also provides ample parking and excellent utility, all conveniently located near shopping, dining, schools, and major freeway access. Rare opportunity to acquire a large income-producing property in a desirable Downey neighborhood.

8118 Alameda, Downey
$5,125,000
PW26065659 MLS ⋅ Active Status
Introducing Twin Palms at 7306-7312 Neo Street, a prime investment opportunity in Downey, CA. This ±10,524 SF building, constructed in 1957, comprises (16) immaculately renovated units, offering an attractive mix of 1, 2, and 3-bedroom layouts. With garage parking, copper plumbing, and SB721 compliance, Twin Palms provides investor peace of mind and a sought-after option in the vibrant Downey rental market. Notably, it is not subject to municipal rent control, adding further appeal. This property presents an excellent opportunity for a multifamily investor seeking a lucrative addition to their portfolio. Additionally, the property features a laundry facility, a charming courtyard, and is conveniently located in close proximity to major employment centers and freeways, enhancing its appeal as a valuable investment in the thriving Downey area.

7306 7312 Neo Street, Downey
$6,300,000
DW26005582 MLS ⋅ Active Status
La Villa Hermosa features a gated private 15 Units building with 8= 1bd 1bth 6= 2bd 1bth 1= 3bth 2bth All units are spacious, the property has it's own Community Laundry area that generates additional income, there is separate storage room next to the laundry room, As of 2025 the building has NEW ROOF, NEW RAINGUTTERS, NEW DUAL PANEL WINDOWS, NEW GAS LINE, A few units have been upgraded. There are a total of 26 total parking spaces of which 4 garages and 2 parking spaces are bringing additional monthly income, these parking spaces are large and have a great potential to convert to ADU's. The current GSI is $400,720.00 with room to increase in 2026, the Building is located across the street from Downey landing, Promenade, Cinemark and lots of surrounding restaurants to choose from, walking distance to Stonewood Mall, PIH Hospital and Kaiser Permanente, 20mins to Sofi Stadium, The Forum, Intuit Dome, Disneyland, DTLA and much more! easy access to the 605, 105, and 710Fwy's.

12024 Bellflower Boulevard, Downey
$2,700,000
DW26005768 MLS ⋅ Active Status
In the a City that keeps on growing in value! Featuring 5 Units, each unit has 2 bedrooms 2 bathrooms, 5- 2-Car Garages there is a total of 10 parking spaces with Great potential to add ADU's. Community Laundry Room that brings additional income. 2 of the 5 units have been partially upgraded. Close to Restaurants, Movie Theaters at Downey Landing, Promenade and Stonewood Mall, 5 mins away from PIH Hospital and Kaiser Permanente, 20mins to Sofi Stadium, The Forum, Intuit Dome, Disneyland, DTLA and much more! easy access to 105, 710 and 605 Fwys.

12135 Downey Avenue, Downey
$1,350,000
PW25250748 MLS ⋅ Active Status
Back on Market after Buyer could not perform! Discover a rare mixed-use investment and live/work opportunity in the heart of Downey. This property features two buildings combining street-front retail and multifamily residential for diversified income and flexible future use. The front building includes ground-floor retail occupied by a tenant with 3+ years remaining on a NNN lease, plus a 1-bedroom residential unit above. The rear building offers two stacked 2-bedroom residential units with one unit delivered vacant. All residential tenants are currently month-to-month, allowing investors or owner-users the flexibility to reposition, adjust rents, or occupy units as desired. Situated on busy Paramount Blvd, the property enjoys high visibility, convenient freeway access, and proximity to schools, restaurants, and major businesses, ensuring continued tenant demand and long-term value appreciation. Highlights: •Two-building mixed-use property (retail + multifamily) •Front building: Street-front retail with 3+year lease + 1-bed unit above •Rear building: (2) 2-bed units •Residential units all month-to-month (upside flexibility) •Possible SBA financing available through business purchase •Excellent location near freeways, schools, and major businesses A unique blend of stable income, flexible occupancy, and redevelopment potential, 13000 Paramount Blvd offers investors and entrepreneurs a truly versatile Downey asset. *Possible purchase of retail business. Inquire with broker.

13000 Paramount, Downey
$3,450,000
DW25241563 MLS ⋅ Active Status
Prime Investment Opportunity, these unique buildings are located in one of the desirable areas in Downey. Featuring 8 Units -2 front units are townhouse style with 2 bedrooms 1.5 bathrooms and each one with a 2 car spacious garage 4 additional units with 2 bedrooms 1 bathrooms each one with a detached 2 car carport. Plus 2 additional 1 bedrooms 1 bathrooms units each with a 2 car carport parking, there is total of 12 parking spaces with Great potential to add ADU's. All Units are spacious with great tenants, 2 community laundry rooms and lots of space in the back. The 2 buildings are freshly painted with New Electrical, New Dual Panel Windows, New Water Heaters in each laundry room, new circulating pumps and New Blinds in each units. 5 of the 8 units have been fully upgraded with a new kitchen, bathroom and flooring. Projected GSI is $256,800.00. Close to Downey Promenade, Downey Landing, Restaurants, Lots of Entertainment, 5mins away from PIH Hospital and Kaiser Permanente, 20mins to Sofi Stadium, The Forum, Intuit Dome, Disneyland, DTLA and much more! access to 605, 105, 710 FWY's.

12143 Downey Avenue, Downey
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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. 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, 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.