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11523 Old River School Road, Downey, CA 90241

Downey
Local realty services provided by:CENTURY 21 Fort Bragg Realty
11523 Old River School Road,Downey, CA 90241
$3,800,000
  • - Beds
  • - Baths
  • 8,208 sq. ft.
  • Multi-family
  • Active
Listed by: kristopher german
Office: re/max 2000 realty
MLS#:CV26060040
Source:CRMLS

Price summary

  • Price:$3,800,000
  • Price per sq. ft.:$462.96

About this home

Just Listed! Exceptional opportunity to acquire a 16-unit apartment community in the highly desirable city of Downey, priced aggressively at $237,500 per unit. This well-located asset features 16 1-Bed/1-Bath units, and a non-conforming Studio unit, all totaling 8,208 rentable square feet on an expansive 14,604 sq. ft. lot, offering an efficient layout that consistently attracts tenant demand. Residents benefit from onsite parking and an onsite laundry facility, enhancing convenience and retention. The property is currently delivering a 5.71% CAP Rate and 10.63 GRM, providing strong in-place returns with long-term investment stability. Rare additional opportunity: The adjacent property located at 11515 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 high-demand rental market, this...

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Home facts

  • Year built:1956
  • Listing ID #:CV26060040
  • Added:1 day(s) ago
  • Updated:March 20, 2026 at 01:36 PM

Rooms and interior

  • Living area:8,208 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units

Structure and exterior

  • Roof:Flat
  • Year built:1956
  • Building area:8,208 sq. ft.
  • Lot area:0.34 Acres
  • Levels:2 Story

Utilities

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

Finances and disclosures

  • Price:$3,800,000
  • Price per sq. ft.:$462.96

Features and amenities

  • Pool features:Private

Parking

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