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Property Description
**FOUR-UNIT DOWNEY INVESTMENT OPPORTUNITY | $7,149 CURRENT MONTHLY RENT.** Welcome to 7964 Farm Street, Downey-a well-located four-unit residential income property offering an excellent opportunity for investors seeking an established rental asset in a desirable Los Angeles County community. The property consists of four separately addressed residential units: 7964, 7966, 7968 and 7968.5 Farm Street. The unit mix includes three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, totaling 7 bedrooms and 4 bathrooms.
The property currently generates **$7,149 per month in scheduled rental income, or $85,788 annually**, providing an established income stream for the next owner. Current monthly rents are $1,611 for 7964, $1,982 for 7966, $2,040 for 7968, and $1,516 for 7968.5.
An additional attraction is the stability of the existing tenancy. The current rent roll reflects long-term occupants, with move-in dates ranging from 2006 through 2017, offering a buyer the opportunity to acquire an income-producing property with established rental history and reduced lease-up risk.
**CURRENT RENT ROLL:** 7964 Farm Street - 2 BR / 1 BA - $1,611/month; 7966 Farm Street - 2 BR / 1 BA - $1,982/month; 7968 Farm Street - 2 BR / 1 BA - $2,040/month; 7968.5 Farm Street - 1 BR / 1 BA - $1,516/month. **Total: 4 Units | 7 Bedrooms | 4 Bathrooms | $7,149 Monthly Rent | $85,788 Annual Scheduled Rent.**
The three 2-bedroom units offer attractive layouts for households seeking additional living space, while the 1-bedroom unit provides a complementary rental option. Located in Downey, the property benefits from convenient access to major transportation corridors, employment centers, shopping, dining and amenities throughout Southeast Los Angeles and surrounding communities.
For investors, 7964 Farm Street offers the combination of four separate income-producing residences, established tenants and a proven rental history. The diverse unit mix and long-term occupancy provide a solid foundation for continued rental income while offering potential for future rent growth. Whether you're an experienced multifamily investor or looking to add your first income property, this is an opportunity to acquire an established asset in a highly accessible Southern California market.
**7964 Farm Street-four units, four income streams, one opportunity.**
Full Property Details
Full Property Details for 7964 Farm
General
- Price: $1,299,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: OC26204772
- Updated: 9/25/2026
- Days on Market: 1 days
- Added to Site: 1 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
Location
- Area: D2 - Northwest Downey, N of Firestone, W of Downey
- County: Los Angeles
- Development Name: D2 - Northwest Downey, N of Firestone, W of Downey
- Driving Directions: Paramount/FIrestone
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 4
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: ground
- Square Feet: 2,844
- Year Built: 1953
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1738
- Lot Size (Sq. Ft.): 7,571
- Lot Size Source: Assessor
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $456.75
- Price Per Unit: 324750
Listed by Irvine Ranch Realty, Steve Morton
Get Pre-Approved Today
Schools
Schools serving 7964 Farm
School District:Downey Unified School District
| Name | Grades | Distance |
|---|---|---|
Rio Hondo Elementary School, Downey, CA 7731 Muller Street, Downey, CA 90241 | K-5 | 0.3 mi |
Griffiths Middle School 9633 Tweedy Lane, Downey, CA 90240 | 6-8 | 0.6 mi |
Warren High School 8141 De Palma Street, Downey, CA 90241 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7964 Farm
Date
Details
Price
Change
Source
9/25/2026
Listed
$1,299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7964 Farm
Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,300
—
$1,208,043
2%
2025
$15,300
5%
$1,184,357
468%
2023
$14,520
324%
$208,567
2%
2022
$3,422
5%
$204,483
2%
2021
$3,265
1%
$200,479
1%
2020
$3,224
2%
$198,427
2%
2019
$3,153
7%
$194,302
2%
2018
$2,952
2%
$190,493
2%
2017
$2,902
3%
$186,758
2%
2016
$2,831
2%
$183,097
2%
2015
$2,789
4%
$180,348
2%
2014
$2,679
2%
$176,816
—
2013
$2,618
—
$176,018
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7964 Farm
7964 Farm, Downey, CA 90241 (MLS# OC26204772) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 7964 Farm is currently listed for $1,299,000 and was received on September 25, 2026. Want to learn more about 7964 Farm? Do you have questions about finding other Multi-Family real estate for sale in Downey? You can browse all Downey real estate or contact a Coldwell Banker agent to request more information.

