Properties
Downey, CA 90241 11523 Old River School Road
$3,800,000
2 more
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Baths • 1
SQFT • 8,208
Home Details
Just Listed! Exceptional opportunity to acquire a 16-unit apartment community in the highly desirable city of Downey, priced aggressively at $237,500 per unit. This well-located asset features 16 1-Bed/1-Bath units, and a non-conforming Studio unit, all totaling 8,208 rentable square feet on an expansive 14,604 sq. ft. lot, offering an efficient layout that consistently attracts tenant demand.
Residents benefit from onsite parking and an onsite laundry facility, enhancing convenience and retention. The property is currently delivering a 5.71% CAP Rate and 10.63 GRM, providing strong in-place returns with long-term investment stability.
Rare additional opportunity: The adjacent property located at 11515 Old River School Rd is also available for purchase, creating a unique chance to acquire 32 units total ideal for investors seeking scale, operational efficiency, and long-term portfolio growth in a prime Downey location.
Positioned in a high-demand rental market, this offering combines solid fundamentals, desirable unit mix, and an attractive price point, making it an excellent acquisition for investors focused on both cash flow and future upside.
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Interior Features for 11523 Old River School Road
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 11523 Old River School Road
AccessibilityNone
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.71
CityDowney
Community FeaturesStreet Lights
CoolingWall/Window Unit(s)
CountyLos Angeles
Current FinancingNone
DirectionsSouth of Firestone Blvd. West of Rives Ave
Electric Expense6000
Entry Location1
Fuel Expense6000
Garage Spaces
Garage Y/NNo
Gross Income357600
HOANo
HOA Fee$
Insurance Expense8500
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to New Loan
Lot Size Square Feet14604
Lot Size UnitsSquare Feet
MLS AreaD3 - Southwest Downey, S of Firestone, W of Downey
MaintenanceExpense12000
Net Operating Income216812
New ConstructionNo
Number Of Units Total16
Open Parking Spaces16
Operating Expense130060
Pool FeaturesPrivate
PossessionClose Of Escrow
PostalCityDOWNEY
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
RoofFlat
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot6231
Taxes$45,330
Tenant PaysElectricity, Gas
Total Actual Rent29460
Trash Expense6000
UtilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
ViewNone
Water Sewer Expense6000
Year Built1956
Year Built SourceAssessor
ZoningDOR3
Exterior for 11523 Old River School Road
Building Area Total8208
FencingNone
Lot Features0-1 Unit/Acre
Lot Size Acres0.3353
Lot Size Area14604
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Number of Separate Water Meters1
Parking FeaturesAssigned, Asphalt
Pool Charge6855
Private PoolYes
Road Surface TypeAlley Paved
SpaNo
Total Parking16
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
