11517 Old River School Rd, Downey, CA 90241

Downey
Local realty services provided by:ERA Donahoe Realty
11517 Old River School Rd,Downey, CA 90241
$3,550,000
  • - Beds
  • - Baths
  • 8,616 sq. ft.
  • Multi-family
  • Pending
Listed by: kristopher german
Office: re/max 2000 realty626-956-0188
MLS#:CV26059950
Source:CRMLS

Price summary

  • Price:$3,550,000
  • Price per sq. ft.:$412.02

About this home

PRICED TO SELL! Now offered at a 6.58% CAP Rate, 10.26 GRM! Exceptional opportunity to acquire a 16-unit apartment community in the highly desirable city of Downey, now aggressively priced at $3,550,000. This well-located asset features all 1-Bed/1-Bath units totaling 8,616 rentable square feet on an expansive 14,489 sq. ft. lot, offering an efficient layout that consistently attracts strong tenant demand. Residents benefit from onsite parking and an onsite laundry facility, enhancing convenience and long-term retention. The property is now delivering a 6.58% CAP Rate and 10.26 GRM, providing stronger in-place returns and improved cash flow following the price adjustment. Rare additional opportunity: The adjacent property at 11523 Old River School Rd is also available for purchase, creating a unique chance to acquire 32 units total, ideal for investors seeking scale, operational efficiency, and long-term portfolio growth in a prime Downey location. Positioned in a...

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Home facts

  • Year built:1957
  • Listing ID #:CV26059950
  • Added:149 day(s) ago
  • Updated:August 16, 2026 at 08:50 AM

Rooms and interior

  • Living area:8,616 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units

Structure and exterior

  • Roof:Flat
  • Year built:1957
  • Building area:8,616 sq. ft.
  • Lot area:0.33 Acres
  • Levels:2 Story

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$3,550,000
  • Price per sq. ft.:$412.02

Parking

  • Total parking spaces:16
  • Parking description:Asphalt, Assigned
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