11523 Old River School Road
Downey, CA 90241
11
Bed
11
Bath
14,604Sqft(Lot)
NEW Price: Now Offering a 6.34% CAP Rate! 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 16 1-Bed/1-Bath units plus a non-conforming studio (stand alone structure ideal for ADU conversion - check with proper city authorities), totaling 8,208 rentable square feet on an expansive 14,604 sq. ft. lot, offering an efficient layout that consistently attracts strong tenant demand. Residents enjoy a full range of amenities including onsite parking, an onsite laundry facility, and a sparkling swimming pool, recently resurfaced with a new security gate being installed. Additional recent improvements include all staircases replaced for second-floor access, enhancing b
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: FlatLaundry Features: CommonArea -
Heating & Cooling
Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1956Building Area Total: 8208Stories: 2Pool Features: PrivatePrivate Pool: YesView: None
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Lot Information
Main Square Feet: 14604 Lot Size Acres: 0.3353 Lot Size Source: Assessor Lot Size Square Feet: 14,604 Lot Description: ZeroToOneUnitAcre
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Listing Price Information
Listing Price: $3550000Original Price: $3800000CashToNewLoan
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Tax Information
Parcel Number: 6231003010 Tax Lot: 6231 Tax Block: 003
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Virtual Tour
Parking Information
Parking Total: 16 Assigned, Asphalt
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Utility Information
ElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable -
Location Information
Direction: South of Firestone Blvd. West of Rives Ave WaterSource: Public
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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 @ 12:48
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