B.A.G. Investment has snapped up Parc @ 5, a 104-unit apartment community in Downey, for $40 million, public records show. The garden-style complex at 9140 Brookshire Ave dates back to 1964, giving the new owner a midcentury asset in a decidedly 2026 market.
Deal reported by local business press
As reported by Los Angeles Business First, B.A.G. Investment paid $40,000,000 for the property in a transaction announced on May 11, 2026. The outlet identified B.A.G. as the buyer and noted that few additional details about the deal were made public.
Property basics
Industry listings show Parc @ 5 has 104 units across roughly 119,296 square feet, with a listed completion date of 1964, according to Yardi Matrix. The property's leasing page gives the address as 9140 Brookshire Ave in Downey and touts amenities including pools, a fitness center and on-site management.
Price context and past sales
At $40 million, the purchase pencils out to about $385,000 per unit based on the 104-unit count. The complex last changed hands in 2018 for roughly $37.5 million, according to reporting at the time and public records from PropertyShark.
Who is B.A.G. Investments?
B.A.G. Investments is a Culver City-based investor led by Alan J. Gindi, who is listed as the firm's founder and president in industry profiles. Company listings indicate the firm focuses on acquiring and managing multifamily properties across Southern California and beyond, according to LoopNet.
What this means for Downey
The deal highlights continued investor appetite for stabilized, suburban apartment properties across Los Angeles County at a time when buyers are seeking steady cash flow with some upside through operations or modest unit upgrades. Whether B.A.G. will move ahead with renovations or operational changes should come into focus if and when owner statements or permit filings surface in the public record.
