Duplex with Detached
For Sale
$869,900
12937 Downey, Downey, CA 90242
Two attached residential units each include a detached one-car garage.
Property Size1,776 SF
Days on Market26
Property Features for 12937 Downey
General Information
Standard status
Active
Size
1,776 SF
Total Parking Spaces
2
Property subtype
Residential Income
Net Operating Income
$23,402
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
Curbs, Street Lights, Sidewalks
Wall/Window Unit(s)
Floor Furnace, Wall Furnace
Disposal, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Range Hood
Ceiling Fan(s), Laminate Counters
Chain Link, Wood
Garage Faces Rear
Contemporary, Traditional
Building Details
Building Size
1,776 SF
Year Built
1954
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Huntington West Prop.
(714) 891-1522
Listed By:
Jeffrey Cardona · License #02048435
(714) 891-1522
Source:
Evrealestate
Added: Aug 4
Changed: Aug 23
Last Checked: Aug 29 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Huntington West Prop.
Investment Insights
Based on property information with market context.
This duplex contains two attached 2BD/1BA units, with a detached one-car garage assigned to each residence. The property is described as well maintained and occupied by long-term tenants, providing an existing residential income component. It sits on a large lot and is zoned Public Rec.
Situated in South Downey, the property is near major freeways, shopping centers, and restaurants. The configuration supports both investor and owner-occupant use, subject to applicable requirements.
Situated in South Downey, the property is near major freeways, shopping centers, and restaurants. The configuration supports both investor and owner-occupant use, subject to applicable requirements.
Key Highlights
- Two attached 2BD/1BA residential units
- Detached one‑car garage for each unit
- Long‑term tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$599,820
$599.8K
Cap Rate 7%
$428,443
$428.4K
Cap Rate 9%
$333,233
$333.2K
Market Conditions
NOI Build-Up for 1,776 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.8K $25.20/SF
− Vacancy
−$1.9K −$1.08/SF
EGI
$42.8K $24.12/SF
− OpEx
−$12.9K −$7.24/SF
NOI
$30.0K $16.89/SF
Area
Downey, CA
Vacancy
4.27%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$599,820
Cap Rate 7%
$428,443
Cap Rate 9%
$333,233
Alternative Uses
Best Use
Multifamily LT 5
$428.4K
$374.9K – $499.9K
NOI $29,991 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$372.6K
$326.0K – $434.7K
NOI $26,082 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$724.6K
$634.0K – $845.4K
NOI $50,723 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 90242, CA
42,939
Population
12,756
Households
3.4
Avg Household Size
36
Median Age
24%
College-Educated
79%
High-School Grad
4.5 sq mi
ZIP Area
9,542
Density / Sq Mi
$83,238
Median Household Income
$42,064
Median Earnings
$1,874
Median Rent
$676,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residential units each include a detached one-car garage.
Where is this duplex located?
The property is located at 12937 Downey Downey, CA.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: Two attached 2BD/1BA residential units; Detached one‑car garage for each unit; Long‑term tenants in place
