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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Interior Features
Roof: FlatLaundry Features: Common Area -
Heating & Cooling
Has Cooling: Yes Cooling: Wall/Window Unit(s)
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Building Information
Year Built: 1957Building Area Total: 8616Stories: 2Pool Features: NonePrivate Pool: NoView: None
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Lot Information
Main Square Feet: 14489 Lot Size Acres: 0.3326 Lot Size Source: Assessor Lot Size Square Feet: 14,489 Lot Description: 0-1 Unit/Acre
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Listing Price Information
Listing Price: $3550000Original Price: $3800000Cash to New Loan
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Tax Information
Parcel Number: 6321003012 Tax Lot: 6321 Tax Block: 003
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Virtual Tour
Parking Information
Parking Total: 16 Assigned, Asphalt
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Utility Information
Electricity Available, Natural Gas Available, Sewer Available, Water Available -
Location Information
Direction: South of Firestone Blvd. West of Rives Ave WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 10930 Crossdale Avenue, Downey, CA, 90241 | $850,000 | 2 | 2 | 1,210 | 5,356 Sq. Ft |
| 11010 Studebaker Road, Downey, CA, 90241 | $899,000 | 3 | 3 | 1,482 | 5,032 Sq. Ft |
| 10236 Mattock Avenue, Downey, CA, 90241 | $1,200,000 | 4 | 2 | 1,764 | 7,572 Sq. Ft |
| 10508 Lesterford, Downey, CA, 90241 | $800,000 | 3 | 1 | 1,052 | 7,652 Sq. Ft |
| 10244 Woodruff Avenue, Downey, CA, 90241 | $1,099,900 | 3 | 3 | 2,219 | 8,004 Sq. Ft |
| 10513 Pangborn Avenue, Downey, CA, 90241 | $2,199,800 | 8 | 6 | 5,491 | 7,500 Sq. Ft |
| 9319 Cecilia, Downey, CA, 90241 | $839,900 | 3 | 2 | 1,516 | 7,512 Sq. Ft |
| 10439 Haledon, Downey, CA, 90241 | $1,100,000 | 4 | 3 | 2,205 | 7,582 Sq. Ft |
| 10634 Clancey, Downey, CA, 90241 | $995,000 | 2 | 1 | 1,613 | 6,110 Sq. Ft |
| 10613 Shellyfield, Downey, CA, 90241 | $1,100,000 | 3 | 2 | 1,472 | 5,945 Sq. Ft |
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ByOwner last updated this listing 09/15/2026 @ 18:01
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