11517 Old River School Rd
Downey, CA 90241
0
Bed
0
Bath
8,616Sqft
14,489Sqft(Lot)
PRICED TO SELL! Now offered at a 6.58% CAP Rate, 10.26 GRM! Exceptional opportunity to acquire a 16-unit apartment community in the highly desirable city of Downey, now aggressively priced at $3,550,000. 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 6.58% CAP Rate and 10.26 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, c
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Roof: Flat Fireplace: None -
Cooling Features
Wall/Window Unit(s) Air ConditioningFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1957 Building Area Total: 8,616 Roof: Flat -
Pool Features
NoneLaundry Features
Common AreaFencing
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3326 -
Lot Size Source: Assessor Lot Size Square Feet: 14489
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Listing Price Information
Original List Price: 3,550,000 Listing Contract Date: 2026-03-19 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 6321003012
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Garage and Parking
Garage Description: Assigned,AsphaltHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Pending Source Neighborhood: D3 - Southwest Downey, S of Firestone, W of Downey Directions: South of Firestone Blvd. West of Rives Ave Zoning: DOR3* Source Property Type: Residential Income Area: D3 - Southwest Downey, S of Firestone, W of Downey Property SubType: Apartment -
Building and Construction
Property Age: 69 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 10939 Little Lake, Downey, CA, 90241 | $950,000 | 3 | 2 | 1,971 | 1,971 SqFt |
| 10621 Pico Vista, Downey, CA, 90241 | $1,499,000 | 4 | 1 | 2,500 | 2,500 SqFt |
| 10244 Woodruff, Downey, CA, 90241 | $1,199,000 | 3 | 3 | 2,219 | 2,219 SqFt |
| 10513 Pangborn Avenue, Downey, CA, 90241 | $2,605,000 | 8 | 5 | 5,491 | 5,491 SqFt |
| 9546 Cecilia, Downey, CA, 90241 | $1,029,999 | 4 | 2 | 1,571 | 1,571 SqFt |
| 10919 Newville Avenue, Downey, CA, 90241 | $829,900 | 2 | 1 | 1,031 | 1,031 SqFt |
| 10340 Clancey Avenue, Downey, CA, 90241 | $1,374,888 | 3 | 2 | 1,911 | 1,911 SqFt |
| 11003 Pangborn, Downey, CA, 90241 | $925,000 | 3 | 2 | 1,474 | 1,474 SqFt |
| 9044 Bigby, Downey, CA, 90241 | $1,330,000 | 4 | 3 | 2,080 | 2,080 SqFt |
| 8542 11th, Downey, CA, 90241 | $1,550,000 | 4 | 4 | 3,049 | 3,049 SqFt |
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ByOwner last updated this listing 06/08/2026 @ 22:33
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