USACADowney11517 Old River School Rd
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$3,800,000

For Sale

6 days ago

11517 Old River School Rd, Downey, CA

Condo

MLS® CV26059950

0 Bed

0 Bath

--

16 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes 
Days Active 6
Approx. Age 1957
MLS® Number CV26059950

Property Address: 11517 Old River School Rd, Downey, CA, 90241-4450

Average square foot calculated using Size range provided by listing agent.

Description

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 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 tenant demand. Residents benefit from onsite parking and an onsite laundry facility, enhancing convenience and retention. The property is currently delivering a 5.96% CAP Rate and 10.9 GRM, providing strong in-place returns with long-term investment stability. Rare additional opportunity: The adjacent property located 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 solid fundamentals, desirable unit mix, and an attractive price point, making it an excellent acquisition for investors focused on both cash flow and future upside.
MLS® NumberCV26059950
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageNo
Approx. Age1957
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 19, 2026List Date
$3,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
11517 Old River School Rd, Downey, CA

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