Stunning New Construction Multifamily Opportunity in Prime Downey Location!
Welcome to 10538 La Reina Ave, Downey, CA, a rare brand-new construction multifamily property offering exceptional income potential and modern design throughout. This impressive property features five total units, including a newly built ADU situated at the rear, making it an ideal asset for investors or owner-users seeking strong cash flow.
The main building consists of four spacious units, each thoughtfully designed with 4 bedrooms and 3.5 bathrooms, delivering highly desirable layouts for today’s renters. The detached ADU offers 2 bedrooms and 1 bathroom, perfect for additional rental income or flexible living options.
Each unit showcases contemporary finishes, open floor plans, and quality craftsmanship, reflecting the benefits of new construction with minimal maintenance concerns. Located in a desirable Downey neighborhood close to shopping, dining, schools, and major freeways, this property offers both convenience and long-term value.
Offered at $4,200,000, this is a premier opportunity to acquire a turnkey, high-density multifamily investment in a strong rental market.
Sold for $3,945,000
Listed by: Century 21 A Better Service • Chris Limon • Contact: 562-644-9834
Bought with: Jesse Weinberg
$3,945,000
10538 La Reina Ave, Downey, CA 90241
18beds
17baths
7,551sqft
Quadruplex
Built in 2026
-- sqft lot
$3,948,400 Zestimate®
$522/sqft
$2,972 Estimated rent
Home value
$3,948,400
$3.59M - $4.34M
$2,972/mo
Zestimate® history
Owner options
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$2,972/mo
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$2,972/mo
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$24,873/mo
Est. payment
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$24,873/mo
Est. payment
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List your homeWhat's special
Quality craftsmanshipContemporary finishesOpen floor plans
Zillow last checked:
Listing updated:
Listed by:
Chris Limon DRE #01182471 562-244-8211,
Century 21 A Better Service
Bought with:
Sandra Vazquez, DRE #01985425
Jesse Weinberg
Jesse Weinberg, DRE #01435805
Jesse Weinberg
Source: CRMLS,MLS#: DW26022658
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 17
Rooms
- Room types: Bedroom, Kitchen, Laundry, Living Room
Bedroom
- Features: Multi-Level Bedroom
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Disposal, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Water To Refrigerator
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Features
- Open Floorplan, Quartz Counters
- Flooring: Laminate, Tile
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 7,551
- Total interior livable area: 7,551 sqft
Property
Parking
- Total spaces: 10
- Parking features: Garage, Garage Door Opener
- Garage spaces: 8
- Uncovered spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Front
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 9,028 Square Feet
- Features: 0-1 Unit/Acre, Rectangular Lot, Sprinklers Timer
Details
- Parcel number: 6252025017
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- Turnkey
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Sewer: Public Sewer, Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Biking, Dog Park, Golf, Urban
- Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
Location
- Region: Downey
Financial & listing details
- Price per square foot: $522/sqft
- Tax assessed value: $1,085,280
- Annual tax amount: $14,047
- Date on market: 1/30/2026
- Cumulative days on market: 43 days
- Listing terms: Cash,Conventional
- Total actual rent: 0
- Tenant pays: All Utilities
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Sold | $3,945,000-6.1%$522/sqft |
Source:  CRMLS #DW26022658 Report a problem | ||
| 4/16/2026 | Pending sale | $4,200,000$556/sqft |
Source: CRMLS #DW26022658 Report a problem | ||
| 4/8/2026 | Listed for sale | $4,200,000+342.1%$556/sqft |
Source: CRMLS #DW26022658 Report a problem | ||
| 12/22/2021 | Sold | $950,000+5.6%$126/sqft |
Source: Public Record Report a problem | ||
| 11/10/2021 | Pending sale | $899,900$119/sqft |
Source: CRMLS #PW21238282 Report a problem | ||
| 10/30/2021 | Listed for sale | $899,900+38.4%$119/sqft |
Source: CRMLS #PW21238282 Report a problem | ||
| 5/18/2021 | Sold | $650,000+100%$86/sqft |
Source: Public Record Report a problem | ||
| 6/9/2010 | Sold | $325,000+3.2%$43/sqft |
Source: Public Record Report a problem | ||
| 3/26/2010 | Price change | $315,000-4.5%$42/sqft |
Source: foreclosure.com Report a problem | ||
| 2/19/2010 | Listed for sale | $330,000+9%$44/sqft |
Source: foreclosure.com Report a problem | ||
| 2/16/2010 | Sold | $302,867-10.3%$40/sqft |
Source: Public Record Report a problem | ||
| 8/29/2003 | Sold | $337,500+89.6%$45/sqft |
Source: Public Record Report a problem | ||
| 3/17/1998 | Sold | $178,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,047 +4.9% | $1,085,280 +2% |
| 2024 | $13,391 +11.8% | $1,064,000 +9.8% |
| 2023 | $11,981 +5.3% | $969,000 +2% |
| 2022 | $11,373 +43.5% | $950,000 +145.1% |
| 2021 | $7,926 +62.6% | $387,559 +1% |
| 2020 | $4,875 | $383,586 +2% |
| 2019 | $4,875 +6.4% | $376,065 +2% |
| 2018 | $4,582 | $368,692 +2% |
| 2017 | $4,582 +1.7% | $361,464 +2% |
| 2016 | $4,504 +1.3% | $354,377 +1.5% |
| 2015 | $4,445 +7.3% | $349,055 +2% |
| 2014 | $4,142 | $342,218 +2.5% |
| 2012 | -- | $333,994 +2% |
| 2011 | -- | $327,446 +2% |
| 2010 | -- | $321,000 -13.9% |
| 2009 | -- | $372,623 +2% |
| 2008 | -- | $365,318 +2% |
| 2007 | -- | $358,156 +2% |
| 2006 | -- | $351,135 |
| 2005 | -- | $351,135 +4% |
| 2004 | -- | $337,500 +72% |
| 2003 | -- | $196,237 +2% |
| 2002 | -- | $192,390 +4% |
| 2000 | -- | $184,922 |
Find assessor info on the county website
Neighborhood: 90241
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Nearby schools
GreatSchools rating
- 8/10Rio Hondo Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Griffiths Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Warren High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$3,948,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,948,400
- California
- Los Angeles County
- Downey
- 90241
- 10538 La Reina Ave
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