Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Downey Dells Apartments, a 16-unit multifamily investment property located at 9020 – 9026 Cecilia Street, Downey, CA.
Situated on a 0.54-acre lot, Downey Dells Apartments includes five single-story and one two-story dwelling structures. The 7,920 SF property consists of one- and two-bedroom units and offers amenities including open parking and on-site laundry.
Downey Dells Apartments is located adjacent to Stonewood Center, a large retail center providing residents with easy access to retailers and restaurants. In addition, the property is located near Interstates 605, 105, and 5, as well as Lakewood Boulevard providing residents with convenient access to employment centers in surrounding cities. Downey Dells Apartments is also half a mile from Downey High School and Rio San Gabriel Elementary School.
Given the fantastic Downey location and quality of the asset, Downey Dells Apartments is well suited to provide investors with strong returns and value appreciation over the long term investment horizon.