USACADowney11517 Old River School Rd
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11517 Old River School Rd, Downey, CA

Condo

For Sale

Listed price in listed location currency (USD).
$3,695,000

0016

MLS® CV26059950

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes 
Days Active 61
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

NEW Price: Now Offering a 6.27% 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 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 6.27% CAP Rate and 10.68 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.
MLS® NumberCV26059950
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
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 20, 2026List Date
$3,695,000List Price
  • Commute

Commute

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

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