Home | Los Angeles County | Downey | 90241 | 11523 Old River School Rd
MLS: CRCV26060040 | Status: | Price: $3,695,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 14,604 | 1956 |
NEW Price: Now Offering a 6.05% CAP Rate! Exceptional opportunity to acquire a 16-unit apartment community in the highly desirable city of Downey, now aggressively priced at $3,695,000. 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 6.05% CAP Rate and 10.25 GRM, providing improved in-place returns and stronger day-one cash flow following the price adjustment. Rare additional opportunity: The adjacent property 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 i
| Field | Value |
|---|---|
| MLS # | CRCV26060040 |
| MLS Source | California Regional MLS |
| Days on Site | 37 |
| Feature | Details |
|---|---|
| Kitchen | None |
| Cooling | Window/Wall Unit |
| Feature | Details |
|---|---|
| Roof | Flat |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Other, Garage: 0 Car(s) |
| HOA Fee | $0 |
Kristopher German
RE/MAX 2000 REALTY
License #: 01800021
Phone: (626) 427-0786
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
School data provided by GreatSchools.org
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This listing information is up-to-date as of April 23, 2026. For the most current information, please contact Kristopher German, (626) 427-0786.