20810 Arline Ave - Apartments FOR SALE


Lakewood, CA 90715
$4,995,000 USD
310-463-2916
20810 Arline Ave, Lakewood, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/17
null | 4.55% Cap Rate

20810 Arline Ave
Lakewood, CA 90715


HIGHLIGHTS

  • Desirable Two-Bedroom Townhouse-Style Units with Private Patios
  • Ample Parking with 14 Double Garages and 14 Surface Spaces
  • On-Site Laundry Facilities Providing Income
  • Value-Add Opportunity - 30% Upside in Rents
  • High-Demand Rental Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

14

PRICE/UNIT

$356,786

CAP RATE

4.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2BD Townhouse Units - 30% Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

MSR, Lakewood

APN/PARCEL ID

7058-017-032

ASK ABOUT THIS PROPERTY

Robert SteppStepp CommercialMore Info
310-463-2916

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Robert SteppStepp CommercialMore Info
310-463-2916

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