10516 - 10522 Arrington Avenue
Side-By-Side 4-Unit Properties Located in Downey
Marketing description
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).*
Investment 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
Located near Stonewood Center, Downey Landing, Promenade at Downey, and Kaiser Permanente
Walkable access to Rio San Gabriel Elementary, Doty Middle School, and Downey High School
Convenient access to Interstates 5, 105, and 605 throughout Southeast Los Angeles County
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