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11523 Old River School Road, Downey, CA 90241

Downey
Local realty services provided by:CENTURY 21 Affiliated
11523 Old River School Road,Downey, CA 90241
$3,800,000
  • 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:$3,800,000

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 offering combines...

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Home facts

  • Listing ID #:CV26060040
  • Added:4 day(s) ago
  • Updated:April 14, 2026 at 02:37 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:$3,800,000

Features and amenities

  • Pool features:Private
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