10516-10522 Arrington Ave - Apartments FOR SALE


Downey, CA 90241
$2,390,000 USD
714-713-9086
10516-10522 Arrington Ave, Downey, CA for Sale
$2,390,000 USD
Apartments - FOR SALE
1/11
null | 4.31% Cap Rate

10516-10522 Arrington Ave
Downey, CA 90241


HIGHLIGHTS

  • Two side-by-side 4-unit properties totaling 8 contiguous units in Downey, CA
  • Separate parcels preserve the flexibility associated with two individual 4-unit properties
  • Balanced unit mix with 4 one-bed/one-bath units and 4 two-bed/one-bath units
  • Well-maintained 1955 construction totaling 6,512 rentable square feet on 0.34 acres
  • Recent capital improvements include roof replacements and upgraded electrical panels
  • Property amenities include 8 carport spaces, 2 surface spaces, and on-site laundry

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 10516 - 10522 Arrington Avenue, two side-by-side 4-unit multifamily properties located in Downey, California. Situated on separate parcels, the offering provides investors with the opportunity to acquire 8 contiguous units while preserving the flexibility associated with two individual 4-unit properties. Each property is identically configured with 2 one-bed/one-bath units and 2 two-bed/one-bath units, creating a balanced unit mix that appeals to a broad tenant base. Originally constructed in 1955, the properties contain a combined 6,512 rentable square feet on approximately 0.34 acres. Residents benefit from on-site laundry, 8 carport spaces, 2 surface parking spaces, and practical features such as screen doors. Ownership has completed meaningful capital improvements that help strengthen the properties’ long-term operations. The roofs were replaced in 2021, and both the main electrical service and subpanels have been upgraded, a particularly important consideration in today’s California insurance environment. The offering presents investors with a well-maintained, income-producing asset featuring recent system improvements, a proven unit mix, and the unique opportunity to acquire two side-by-side 4-unit properties in a market where multifamily assets of this size rarely become available as a contiguous offering. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,390,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

8

PRICE/UNIT

$298,750

CAP RATE

4.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

6285-022-025,6285-022-026

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.