10516-10522 Arrington Ave 8 Unit Apartment Building $2,390,000 ($298,750/Unit) 4.31% Cap Rate Downey, CA 90241

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).*