Property Details
About this Property
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.
MLS Listing Information
MLS #
CRCV26060040
MLS Source
California Regional MLS
Days on Site
11
Interior Features
Kitchen
None
Cooling
Window/Wall Unit
Exterior Features
Roof
Flat
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
11523 Old River School Rd is a Residential Income in Downey, CA 90241. This – square foot property sits on a 14,604 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,800,000 and was built in 1956. This address can also be written as 11523 Old River School Rd, Downey, CA 90241.
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This listing information is up-to-date as of March 20, 2026. For the most current information, please contact Kristopher German, (626) 427-0786
