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Listed by: Kristopher German (626) 427-0786 DRE #01800021 | RE/MAX 2000 REALTY (626) 956-0188
$3,550,000
11 Beds
11 Baths
8,208sqft
11523 Old River School Rd, Downey, CA 90241
$3,550,000
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Apartment
Built in 1956
$-- HOA
14,604 sqft lot
$433/sq.ft
Description
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 g...
- Houzeo last checked: 1 hour ago
- Listing updated: July 1, 2026 at 9:55 pm
- Source: California Regional MLS-CA | MLS#: CV26060040
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1956
HOA Fees
-
Finished Area
8,208 sqft
Lot Size
14,604 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
CV26060040
MLS Status
Pending
Days on Market
71
Cumulative Days on Market
77
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