$2,255,000
$2,390,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
10516-10522 Arrington Avenue Downey, CA 90241
3 Beds
2 Baths
0.34 Acres Lot
Key Details
Sold Price $2,255,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC26121852
Sold Date 07/31/26
Bedrooms 3
Lot Size 0.340 Acres
Property Sub-Type Res Income 2-4 Units
Property 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 todays 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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Cross Streets of Arrington Avenue & Muller Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6285022025
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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