The CREM Group is pleased to exclusively present for sale 12149 and 12161 Downey Avenue, a combined ±24,769 square foot corner parcel located at the signalized intersection of Downey Avenue and Alameda Street in Downey, California. The property is designated Medium Density Residential (MDR) under the City of Downey General Plan, positioning the site as a future residential redevelopment opportunity in an established infill neighborhood with strong housing demand. The combined land area of approximately 0.57 acres allows for potential development of townhomes or multifamily housing, subject to City approvals. While the underlying zoning remains C-2 (General Commercial), the City’s General Plan guidance prioritizes residential use at this location. As a result, new commercial uses are expected to face significant entitlement challenges, whereas residential redevelopment aligns with the City’s long-term planning vision. The site is currently improved with a freestanding retail building and a self-service car wash, providing interim income and flexibility while a buyer evaluates entitlement strategy, rezoning requirements, and development feasibility.