$3,550,000
 $19,057 est/mo Sourced by Back At You

11517 Old River School Rd,Downey, CA 90241

Downey, CA 90241

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Description

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 high-demand rental market, this offering combines improved pricing, solid fundamentals, and a desirable unit mix, making it a compelling acquisition for investors focused on immediate income and future upside.

Details

MLS #CV26059950
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusPending
Year1957
Days On Site157
Listing Provided ByRE/MAX 2000 REALTY | Kristopher German

Features

SQ Feet8,616
Story(s)2
Units16
Building(s)2
ZoningDOR3*
Acreage0.33
Property ViewNone

Interior

CoolingWall Window Units
Cooling Yes / NoYes
Fireplace Yes / NoNo

Exterior

RoofFlat
Lot FeaturesZero To One Unit Acre
FencingNone

Parking

Parking FeaturesAssigned, Asphalt
Garage Yes / NoNo

Utilities

UtilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
SewerPublic Sewer

Location

Community FeaturesStreet Lights

Area Information

StateCA
CountyLos Angeles
CityDowney
Zip Code90241
AreaD3 Southwest Downey | S of Firestone | W of Downey
Listing VS Median (in 90241)
Price:
$3,550,000
low | high
Med:
$3,025,000
64.788732394366% of Average
sqft:
8,616
low | high
Med:
6,693
72.318941504178% of Average
$ / sqft:
$412
low | high
Med:
$468
36.398263796616% of Average
On site:
157
low | high
Med:
174
90.229885057471% of Average
Sourced by Back At You

Market Activity 90241

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Additional Information

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Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountyLos Angeles
CityDowney
Zip Code90241
AreaD3 Southwest Downey | S of Firestone | W of Downey
Listing VS Median (in 90241)
Price:
$3,550,000
low | high
Med:
$3,025,000
64.788732394366% of Average
sqft:
8,616
low | high
Med:
6,693
72.318941504178% of Average
$ / sqft:
$412
low | high
Med:
$468
36.398263796616% of Average
On site:
157
low | high
Med:
174
90.229885057471% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.662M - $4.437M
sqft: 6,000 - 10,500
Nearby Listings Property ImageNearby Listings Details
11523 Old River School Road Property Photo 1
$3,550,000
11523 Old River School Road
Downey, CA 90241
Listing Updated: August 21, 2026 at 11:21:38 PM PDT
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