7901 Cole St

Property Highlights

• First time in market in over 20 years!

• 4 single family houses located on a 19,602 sq. ft. lot

• Minutes from downtown Downey

• Each house averaging 1,000 sq. ft.

• One 3+2 unit and three 2+1 units

Deal Story

We are pleased to announce the successful closing of a well-located multifamily property in Downey. The asset featured a classic mid-century design with spacious floor plans and a mix of one- and two-bedroom units, making it attractive to both residents and investors alike. The property had been well-maintained by long-term ownership, with significant upside potential through strategic renovations and rental growth.

Our team launched a targeted, multi-channel marketing campaign that generated strong buyer interest. After hosting numerous private tours, we received multiple competitive offers, including several from exchange buyers seeking to secure a stable, long-term investment in a tight market.

Ultimately, we moved forward with a qualified 1031 exchange buyer who presented an all-cash, non-contingent offer. The transaction closed smoothly within an accelerated escrow period, allowing our client to free up substantial equity and position themselves for the next phase of their investment strategy.