11523 Old River School Road, Downey, CA 90241

Downey
Local realty services provided by:Better Homes and Gardens Real Estate Champions
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:128 day(s) ago
  • Updated:July 26, 2026 at 08:31 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
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