$2,390,000
PENDING

10522 Arrington Ave Downey, CA 90241

Downey Area

Estimated payment $13,390/month

Total Views 592
3 Beds
2 Baths
6,512 Sq Ft
$367 Price per Sq Ft

About This Home

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.

Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 06/04/2026

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1955

Lot Details

  • 14,810 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • 6285022026

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,512 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 10 Parking Spaces
  • 8 Carport Spaces

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 20059
  • Assessor Parcel Number 6285022025
  • $2,337 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,238
  • Fuel Expense $2,239
  • Insurance Expense $8,000
  • Maintenance Expense $6,000
  • Trash Expense $2,238
  • Water Sewer Expense $2,238
  • New Taxes Expense $28,510
  • Operating Expense $60,600
  • Gross Income $168,683
  • Net Operating Income $103,066

Property Details

Home Type

Apartment

Year Built

Built in 1955

Lot Details

0.34 Acres

Listing Details

  • CapRate: 4.31
  • Property Attached: No
  • Water Sewer Expenses: 2238.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6285022025
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 367.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2238.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Curbs, Street Lights, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 6285022026
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 14810.40
  • Lot Size Acres: 0.3400

Multi Family

  • Electric Expense: 2238.00
  • Fuel Expense: 2239.00
  • Gross Income: 168683.00
  • Gross Multiplier: 14.17
  • Gross Operating Income: 162203.00
  • Gross Scheduled Income: 167220.00
  • Insurance Expense: 8000.00
  • Lot Size Area: 0.3400 Acres
  • Maintenance Expense: 6000.00
  • Net Operating Income: 103066.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 60600.00
  • Operating Expense Percent: 37.00
  • Other Income1: 1463.00
  • Rent Control: No
  • Total Expenses: 60600.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28510.00
  • Tax Lot: 15
  • Tax Tract Number: 20059
  • TaxOtherAnnualAssessmentAmount: 2337.00

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,398 $270,251 $124,036 $146,215
2024 $4,307 $264,953 $121,604 $143,349
2023 $4,183 $259,759 $119,220 $140,539
2022 $4,005 $254,667 $116,883 $137,784
2021 $3,836 $249,675 $114,592 $135,083
2020 $3,786 $247,115 $113,417 $133,698
2019 $3,746 $242,271 $111,194 $131,077
2018 $3,551 $237,521 $109,014 $128,507
2016 $3,410 $228,300 $104,782 $123,518
2015 $3,360 $224,872 $103,209 $121,663
2014 $3,219 $220,468 $101,188 $119,280
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/22/2026 07/22/26 For Sale $2,390,000 0.0% $367 / Sq Ft
06/10/2026 06/10/26 Pending -- -- --
06/04/2026 06/04/26 For Sale $2,390,000 -- $367 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26121852

California Regional Multiple Listing Service (CRMLS)

APN: 6285-022-026

Your Personal Tour Guide

Ask me questions while you tour the home.