$3,800,000
11523 Old River School RD
Downey, CA, 90241
Property 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 16 1-Bed/1-Bath units, and a non-conforming Studio unit, all totaling 8,208 rentable square feet on an expansive 14,604 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 5.71% CAP Rate and 10.63 GRM, providing strong in-place returns with long-term investment stability.
Rare additional opportunity: The adjacent property located 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 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.
Residents benefit from onsite parking and an onsite laundry facility, enhancing convenience and retention. The property is currently delivering a 5.71% CAP Rate and 10.63 GRM, providing strong in-place returns with long-term investment stability.
Rare additional opportunity: The adjacent property located 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 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.
Property Details
Price:
$3,800,000
MLS #:
CV26060040
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
d3southwestdowneysoffirestonewofdowney
Listed Date:
Mar 19, 2026
Total Sq Ft:
8,208
Lot Size:
14,604 sqft / 0.34 acres (approx)
Year Built:
1956
Schools
Interior
Appliances
NO
Cooling
WW
Laundry Features
AR
Levels
U
Exterior
Accessibility Features
NO
Common Walls
_2CW
Community Features
SL
Fencing
NO
Parking Spots
16
Parking Total
16
Roof
FLTR
Spa Features
NO
View
NO
Financial
Maintenance Fee
$12,000
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Courtesy of RE/MAX 2000 REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 11523 Old River School RD
Downey, CA
