10516-10522 Arrington Avenue, Downey, CA 90241
List Price: $2.39M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1955
Lot Size: 14,810.4 sq ft
Private Pool: Yes
MLS Number: OC26121852
About This Property
10516 - 10522 Arrington Avenue are 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.
Listing provided by: Tyler Leeson DRE #01451551 949-419-3200 tleeson@marcusmillichap.com, Marcus & Millichap RE Invest
Source: CRMLS