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10516-10522 Arrington Ave
Downey, CA 90241

$2,390,000 USD

Apartments For Sale  •  6,512 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,512 SF
  • Lot Size 0.34 AC
  • Building Class C
  • Year Built 1955
  • Cap Rate 4.31 %
40 Transit Score
60 Walk Score

Highlights

Two side-by-side 4-unit properties totaling 8 contiguous units in Downey, CA
Separate parcels preserve the flexibility associated with two individual 4-unit properties
Balanced unit mix with 4 one-bed/one-bath units and 4 two-bed/one-bath units
Well-maintained 1955 construction totaling 6,512 rentable square feet on 0.34 acres
Recent capital improvements include roof replacements and upgraded electrical panels
Property amenities include 8 carport spaces, 2 surface spaces, and on-site laundry

Financial Summary (Actual)

Net Operating Income: $103,066 USD (2026)
Cap Rate: 4.31 %
Total Expenses: $60,600 USD

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 4.7 mi
Norwalk/Santa Fe Springs (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 4.8 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 22 min - 11.7 mi
Los Angeles International 27 min - 20.1 mi
Bob Hope 36 min - 27.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Surface
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap