10516-10522 Arrington Avenue, Downey, California 90241
- $2,390,000
- $2,390,000
Overview
- Apartment, Residential Income
- 6512 Sqft
- 1955
Description
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.
Address
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Address: 10516 10522 Arrington Avenue
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City: Downey
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State/county: CA
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Zip/Postal Code: 90241
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Country: US
Details
Updated on July 7, 2026 at 3:54 pm-
Property ID OC26121852
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Price $2,390,000
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Property Size 6512 Sqft
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Land Area 0.34 Acres
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Year Built 1955
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Property Type Apartment, Residential Income
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Property Status Pending
Additional details
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Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
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Sewer Public Sewer
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County Los Angeles
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Property Type Residential Income
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Pool None
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Community Features Curbs, Gutter(s), Street Lights, Sidewalks
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