20810 Arline Avenue is a rare 14-unit multifamily asset in the desirable neighborhood of Lakewood, CA. With only four multifamily properties on the market in Lakewood, this asset provides an investor with a unique opportunity to own a well-cared for value-add asset in a quiet, family-oriented residential neighborhood with nearly 30% upside in rents.
All 14 units are spacious two-bedroom townhouse-style units with private balconies. The property features ample parking with 14 garage spaces and 14 additional surface spaces. On-site laundry facilities provide convenience for tenants and additional income for owners.
Known for its tree-lined streets and neighborhood parks, Lakewood is a tranquil suburban community where 85% of housing units are single-family detached homes. With a median household income of $116,794, Lakewood attracts professionals and young families seeking both commuter convenience and a safe, residential environment.