10516-10522 Arrington Avenue, Downey, California 90241
  • $2,390,000

Overview

Property ID: OC26121852
  • Apartment, Residential Income
  • Property Type
  • 6512 Sqft
  • Area Size
  • 1955
  • Year Built

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: 10516 10522 Arrington Avenue
  • City: Downey
  • State/county: CA
  • Zip/Postal Code: 90241
  • Country: US

Details

Updated on July 7, 2026 at 3:54 pm
  • Property ID OC26121852
  • Price $2,390,000
  • Property Size 6512 Sqft
  • Land Area 0.34 Acres
  • Year Built 1955
  • Property Type Apartment, Residential Income
  • Property Status Pending

Additional details

  • Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Community Features Curbs, Gutter(s), Street Lights, Sidewalks

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