10516-10522 Arrington Avenue Downey, CA $ 2,390,000
10516-10522 Arrington Avenue
$ 2,390,000
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10516-10522 Arrington Avenue

Downey, CA, 90241
$ 2,390,000
Baths1.0 Sq 6,512

Monthly Estimate*

$ 14,716

Listed by Marcus & Millichap RE Invest
10516-10522 Arrington Avenue, Downey, CA 90241 - Image 1
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10516-10522 Arrington Avenue, Downey, CA 90241 - Image 12
Studio

Multi-Family Home for sale in Downey, CA

for $2,390,000 with 1 full bath. This 6,512 square foot home was built in 1955 on a lot size of 0.34.

10516 - 10522 Arrington Avenue are 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.

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Multi-Family Active

Price

$ 2,390,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.34

Year Built

1955

Town/City

Downey

County/Region

Los Angeles

MLS | Web ID

OC26121852

Days on Market

3

Features
General
Sewer Public Sewer
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1955
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 168683
Community Features Curbs Gutter(s) Street Lights Sidewalks
Additional Parcels Description 6285022026
County Los Angeles
Net Operating Income 103066
Operating Expense 60600
Insurance Expense 8000
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 6000
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Cross Streets of Arrington Avenue & Muller Street
City Downey
Entry Location First level
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 8
MLS Area D1 - Northeast Downey N of Firestone E of Downey
Lot Size Units Acres
Lot Size Square Feet 14810.4
Carport Spaces 8
Carport Y/N true
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 2238
Fuel Expense 2239
Trash Expense 2238
Water Sewer Expense 2238
Additional Parcels Y/N true
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 15
Property Sub Type Additional Apartment
Taxes 28510
Cap Rate 4.31
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Interior
Total Stories 2
Common Walls No Common Walls
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features Street Level
Water Source Public
Total Parking 10
Lot Size Area 0.34
Number of Buildings 2
Building Area Total 6512
Lot Size Acres 0.34
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
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* Excluded Features
List By
Marcus & Millichap Re Invest

Broker

tleeson@marcusmillichap.com

Email

Affordability Calculator

$14,716
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Monthly Principal & Interest
$14,716
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/4/2026$2,390,000 Listed Price

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10516-10522 Arrington Avenue, Downey, CA, 90241 is a Multi-Family Home for sale at $2,390,000 with 6,512 sqft and a lot size of 0.34. 10516-10522 Arrington Avenue is a studio with 1.0 baths and was built in 1955. The property's zip code is 90241 which is in Downey, CA