NEW Price: Now Offering a 6.27% CAP Rate! Exceptional opportunity to acquire a 16-unit apartment community in the highly desirable city of Downey, now aggressively priced at $3,695,000. 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 6.27% CAP Rate and 10.68 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, 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 improved pricing, solid fundamentals, and a desirable unit mix, making it a compelling acquisition for investors focused on immediate income and future upside.
Residents benefit from onsite parking and an onsite laundry facility, enhancing convenience and long-term retention. The property is now delivering a 6.27% CAP Rate and 10.68 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, 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 improved pricing, solid fundamentals, and a desirable unit mix, making it a compelling acquisition for investors focused on immediate income and future upside.
Property Details
Price:
$3,695,000
MLS #:
CV26059950
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
d3southwestdowneysoffirestonewofdowney
Listed Date:
Apr 23, 2026
Total Sq Ft:
8,616
Lot Size:
14,489 sqft / 0.33 acres (approx)
Year Built:
1957
See this Listing
Schools
Interior
Appliances
NO
Cooling
WW
Laundry Features
AR
Levels
U
Exterior
Common Walls
_2CW
Community Features
SL
Fencing
NO
Parking Spots
16
Parking Total
16
Roof
FLTR
Spa Features
NO
View
NO
Financial
Maintenance Fee
$12,000
Map
Community
- Address11517 Old River School Rd Downey CA
- CityDowney
- CountyLos Angeles
- Zip Code90241
Market Summary
Current real estate data for Single Family in Downey as of Apr 27, 2026
148
Single Family Listed
62
Avg DOM
454
Avg $ / SqFt
$1,016,441
Avg List Price
Property Summary
- 11517 Old River School Rd Downey CA is a Single Family for sale in Downey, CA, 90241. It is listed for $3,695,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1957. The average price per square foot for Single Family listings in Downey is $454. The average listing price for Single Family in Downey is $1,016,441.
Similar Listings Nearby
Courtesy of RE/MAX 2000 REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.11517 Old River School Rd
Downey, CA