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11523 Old River School Road, Downey, CA 90241

Downey
Local realty services provided by:CENTURY 21 Discovery
11523 Old River School Road,Downey, CA 90241
$3,550,000
  • - Beds
  • - Baths
  • 8,208 sq. ft.
  • Multi-family
  • Pending
Listed by: kristopher german
Office: re/max 2000 realty626-956-0188
MLS#:CV26060040
Source:CRMLS

Price summary

  • Price:$3,550,000
  • Price per sq. ft.:$432.5

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...

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Home facts

  • Year built:1956
  • Listing ID #:CV26060040
  • Added:133 day(s) ago
  • Updated:July 31, 2026 at 08:46 AM

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:$3,550,000
  • Price per sq. ft.:$432.5

Features and amenities

  • Pool features:Private

Parking

  • Total parking spaces:16
  • Parking description:Asphalt, Assigned
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Discovery is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Discovery, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Stephanie Goedl

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