11523 Old River School Road
Downey, CA 90241
0
Bed
0
Bath
8,208Sqft
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 bot
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: 1956 Building Area Total: 8,208 Roof: Flat -
Accessibility Features
NonePool Features
PrivateLaundry Features
Common AreaFencing
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3353 -
Lot Size Source: Assessor Lot Size Square Feet: 14604
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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: 6231003010
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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: 70 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 06/09/2026 @ 03:13
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