Published on Sunday, May 17, 2026
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Supply is constrained in North Downey, with just a few 100+ communities in the area.
As home prices across Southeast Los Angeles County continue to climb, the recent acquisition of Parc @ 5 apartments in Downey, California, by B.A.G. Investments, Inc., underscores how housing affordability pressures are sustaining demand for quality rental communities in markets like this one.
Colliers Executive Vice President Shane Shafer represented the seller and facilitated the transaction, noting that the buyer was attracted to the property's strong in-place cash flow and continued value-add potential, given the limited new supply. The buyer also pointed out that it was one of the most well-designed and highest-quality apartment communities in the submarket.
Overall, Parc @ 5 apartments marks one of the more notable multifamily sales in the extremely supply-constrained 605 Corridor submarket.
The property located within the affluent 90240 zip code comprises 20 one-bedroom, 64 two-bedroom and 20 three-bedroom units, offering some of the largest and most functional floor plans in the Downey market, according to a release.
As one of the few 100+-unit communities in North Downey, Parc @ 5 presented a rare opportunity to acquire scale in an infill location with high barriers to entry. Trulia reported this month that just 198 available rentals are in Downey.
Rent.com stated that 63% of Downey apartments rent for $2,101 or more and 36% fall between $1,501 and $2,100.
Apartments.com finds that the average rent listed for May in Downey is $1,768 per month, up 0.4% Year-over-year.
Demographics for the 90240 ZIP code include average household incomes that exceed $100,000. The surrounding housing market continues to push residents toward renting, with home values surpassing $900,000 and median sale prices exceeding $1 million, reinforcing long-term rental demand in the area.
Its location near the 605 and 91 Freeways provides residents with convenient access to major employment hubs across Los Angeles, Orange County, the South Bay and the Inland Empire.