Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10538 La Reina Ave Downey, CA 90241

    Sponsored
    For Sale
    $4,200,000

    Quadruplex - Downey, CA

    Type:Quadruplex
    Property size:
    7,551 SF
    Lot size:
    9,028.00 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 31 at 5:06 am

    Property Features for 10538 La Reina Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Property condition
    New Construction
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room
    Bedrooms
    18
    Bathrooms
    17
    APN
    6252025017
    Parking
    10
    Parking features
    Garage
    Interior features
    Open Floorplan, Quartz Counters, Carbon Monoxide Detector(s), Window Features: Double Pane Windows
    Exterior features
    Community Features Included: Biking, Dog Park, Golf, Urban, 0-1 Unit/Acre, Rectangular Lot, Sprinklers Timer
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    7,551 SF
    Lot size
    9,028.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Floors in Building
    3
    Number of units
    5
    Flooring type
    Laminate, Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Limon

    Century 21 A Better Service Realty (562) 806-1000

    Listing agent Chris Limon (562) 806-1000 License #01182471

    Listing date Jan 30, 2026

    MLS# DW26022658 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Construction Multifamily in Downey

    Located in Downey, CA, this multifamily property at 10538 La Reina Ave presents a new construction opportunity. The property features five units, including a newly built Accessory Dwelling Unit (ADU) at the rear. The main building comprises four units, each with 4 bedrooms and 4 bathrooms. The detached ADU offers 2 bedrooms and 1 bathroom. The units feature contemporary finishes, open floor plans, and quality craftsmanship. The property is situated in a desirable Downey neighborhood, with proximity to shopping, dining, schools, and major freeways. The property size is 7551 square feet on a lot of 0.207 acres. This property is intended for multifamily residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Downey
    County
    Los Angeles
    State
    California
    Longitude
    -118.1298882
    Latitude
    33.9471094

    Nearby Similar for Sale

    • $45,000

      Downey Restaurant Business Opportunity

      Turnkey pizzeria for sale in Downey, California.
      8310 Stewart And Gray Rd, Downey, CA 90241
      View Details
    • $1,350,000
      3,421 SF

      Mixed-Use Investment Property in Downey

      Two-building Downey property with retail and residential income.
      13000 Paramount Blvd, Downey, CA 90242
      View Details
    • $65,000
      900 SF

      Turnkey Salon in Downey, CA

      Fully equipped salon in prime Downey location with ample parking.
      9986 Lakewood Blvd, Downey, CA 90240
      View Details
    • $2,500,000
      5,424 SF

      Downey Multifamily Investment Opportunity

      8-unit complex in Downey with 10 bedrooms and 10 bathrooms.
      8324 Alameda St, Downey, CA 90242
      View Details
    • $2,500,000
      5,424 SF

      Downey Multifamily Investment Opportunity

      8-unit complex in Downey with on-site laundry and parking.
      8324 Alameda St, Downey, CA 90242
      View Details
    • $12,000,000

      Downey Entertainment Venue Opportunity

      Premier 16,000 sq ft entertainment venue in Downey for sale.
      8206 Firestone Blvd, Downey, CA 90241
      View Details
    • $3,250,000

      Free-Standing Retail Property in Downey

      Versatile retail property with open floor plan and ample parking.
      12912 Paramount Blvd, Downey, CA 90242
      View Details
    • $464,999
      955 SF

      Downey Condo Near Golf Course

      Stylish condo in Downey's Park Meadow, near Los Amigos Golf Course.
      7340 Quill Dr, Downey, CA 90242
      View Details
    • $3,250,000

      Free-Standing Retail Property in Downey

      Versatile retail property with open floor plan and ample parking.
      12912 Paramount Blvd, Downey, CA 90242
      View Details
    • $1,055,000

      Turnkey Duplex: Investment or Multi-Generational

      Well-maintained duplex ideal for investment or multi-generational living.
      8509 Cleta St, Downey, CA 90241
      View Details
    • $3,000,000

      Downey Automotive Repair Facility

      Well-located auto repair property in Downey with strong potential.
      12300 Lakewood Blvd, Downey, CA 90242
      View Details
    • $650,000

      Established Jewelry Store For Sale

      Turnkey jewelry store in prime location with loyal customer base.
      217 Stonewood St, Downey, CA 90241
      View Details

    FAQs

    What type of property is this?
    Apartment building - New construction multifamily property with five units in Downey, CA.
    Where is this apartment building located?
    The property is located at 10538 La Reina Ave Downey, CA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - New Construction: Minimal maintenance concerns and modern design.; - Five Units Total: Includes a detached ADU for flexible living options or additional rental income.; - Spacious Units: Main building features four units, each with 4 bedrooms and 4 bathrooms.
    (562) 806-1000
    Request Owner's contact information
    10538 La Reina Ave Downey, CA 90241
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10538 La Reina Ave
    Downey, CA 90241
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10538 La Reina Ave Downey, CA 90241
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chris Limon
    Real Estate License ID: 01182471
    (562) 806-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.