7411 Arnett Street
Downey, CA, 90241 $ 1,700,000
Bedrooms14 Baths2.0 Sq 3,964 Monthly Estimate*
$ 11,741
Listed by Dana Coronado, Compass, dana@incomepropertiesla.com
for $1,700,000 with 14 bedrooms and 2 full baths. This 3,964 square foot home was built in 1955 on a lot size of 0.1289.
Rare offering in the city of Downey from long term owner. This well located 6 unit property features all 2 and 3 bedroom units. There are currently 2 vacant units, allowing an investor the ability to choose their own tenants and rent for market pricing. The available vacant units include a ground level updated 2Br + 2Ba unit and a 2nd floor fully remodeled 3Br + 1.5Ba unit with granite countertops, stainless steel appliances, ceiling fans, and new flooring. The property offers convenient rear alley access and 5 on-site parking spaces, including 2 garages, 2 tandem spaces, and 1 handicap space. There is a central hot water heater, some copper plumbing, and multiple remodeled units. The roof over the carport was redone in 2022. Ideally situated directly across from Williams Elementary School and near the intersection of Firestone and Old River School Road, the property offers convenient destinations including El Paseo South Gate, The Home Depot, LA Fitness, Chik Fil A, Sams Club, Curacao, Norms, Rio Hondo Golf Club, Porto's, In-N-Out, BJ's, Kaiser, Walmart, Benihana, and more.
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FeaturesGeneralLiving Area 3964
Sewer Sewer Tap Paid
Heating Wall Furnace
Appliances Oven Refrigerator
Zoning DOC4*
Garage Spaces 2
Patio/Porch Features Deck
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Brick Frame Stucco Wood Siding
Year Built 1955
Tenant Pays Electricity Gas
View City Lights
Stories Count 2
Levels Two
Gross Income 144648
Accessibility Parking
County Los Angeles
Net Operating Income 86805
New Construction false
Property Type Residential Income
HOA false
Attached Garage true
Facing Direction South
Garage Y/N true
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Head East onto Firestone Blvd. Make a right onto Old River School RD. Make a left onto Arnett St. The subject property is on the left.
City Downey
Entry Location Ground Level - no steps
Senior Community Y/N false
Open Parking Spaces 3
Number Of Units Total 6
MLS Area D3 - Southwest Downey S of Firestone W of Downey
Lot Size Units Square Feet
Lot Size Square Feet 5616
Number of Units Leased 4
Spa Features None
Property Attached Y/N true
Property Condition Updated/Remodeled
Additional Parcels Y/N false
Rent Control Y/N true
Standard Status Active
Occupancy Type Vacant
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InteriorFlooring Laminate
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Heating Y/N true
Fireplace Y/N false
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 14
Total Baths 11
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ExteriorParking Features Door-Multi Garage One Space Tandem
Lot Features Yard
Total Parking 5
Lot Size Area 5616
Foundation Details Slab
Number of Buildings 1
Spa false
Building Area Total 3964
Lot Size Acres 0.1289
Private Pool false
Number of Separate Water Meters 6
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
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* Excluded FeaturesList ByDana CoronadoListing Agent
dana@incomepropertiesla.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,741
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Downey, CA
Average List Price $2,177,656
Percent of Sale Price 28%
About Downey, CA 112,576 Population
5% Since 2002
$ 66,810 Median Income
35.34 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/28/2026 | $1,700,000 | | Listed Price |