Majority Large Two and Three Bedroom Units | Over a 4.6% Cap on Current Rents and 5.5% Cap Rate on Market Rents | Highly Desirable North Downey Location | Two Bedroom Units Over 1,000 sf. | Three Bedroom Units Over 1,200 sf. | Washer/Dryer Hookups in Some Units |


The Regency Apartments, a 12-unit apartment building located in Downey, CA. Built in 1959; the property offers (3) 1 bedroom units, (7) 2 bedroom units, and (2) 3 bedroom units. Each unit is very spacious and contains either a large patio or balcony. Community amenities include covered parking, laundry facility, and an open courtyard. The Regency Apartments offers an investor to acquire an income producing asset with over a 5% cap rate on market rents.