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Listed by: Kristopher German (626) 427-0786 DRE #01800021 | RE/MAX 2000 REALTY (626) 956-0188
$3,550,000
8 Beds
8 Baths
8,616sqft
11517 Old River School Rd, Downey, CA 90241
$3,550,000
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Apartment
Built in 1957
$-- HOA
14,489 sqft lot
$412/sq.ft
Description
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 adjust...
- Houzeo last checked: 1 hour ago
- Listing updated: August 18, 2026 at 4:59 pm
- Source: California Regional MLS-CA | MLS#: CV26059950
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1957
HOA Fees
-
Finished Area
8,616 sqft
Lot Size
14,489 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
CV26059950
MLS Status
Pending
Days on Market
71
Cumulative Days on Market
77
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