11523 Old River School Road, Downey, CA 90241

Downey
Local realty services provided by:ERA North Orange County Real Estate
11523 Old River School Road,Downey, CA 90241
$3,550,000
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kristopher german
Office: re/max 2000 realty
MLS#:CV26060040
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,550,000

About this home

NEW Price: Now Offering a 6.34% CAP Rate! 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 16 1-Bed/1-Bath units plus a non-conforming studio (stand alone structure ideal for ADU conversion - check with proper city authorities), totaling 8,208 rentable square feet on an expansive 14,604 sq. ft. lot, offering an efficient layout that consistently attracts strong tenant demand. Residents enjoy a full range of amenities including onsite parking, an onsite laundry facility, and a sparkling swimming pool, recently resurfaced with a new security gate being installed. Additional recent improvements include all staircases replaced for second-floor access, enhancing both safety and long-term durability. The property is now delivering a 6.34% CAP Rate and 9.84 GRM, providing improved in-place returns and stronger day-one cash flow following the price adjustment. Rare...

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Home facts

  • Listing ID #:CV26060040
  • Added:70 day(s) ago
  • Updated:June 19, 2026 at 02:01 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$3,550,000

Features and amenities

  • Pool features:Private
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