Date
Details
Price
Change
Source
3/19/2026
Listed
$3,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$3,800,000 Just Listed
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Property Description
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 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 tenant demand.
Residents benefit from onsite parking and an onsite laundry facility, enhancing convenience and retention. The property is currently delivering a 5.96% CAP Rate and 10.9 GRM, providing strong in-place returns with long-term investment stability.
Rare additional opportunity: The adjacent property located 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 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.
Full Property Details
Full Property Details for 11517 Old River School Rd
General
- Price: $3,800,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: CV26059950
- Updated: 3/19/2026
- Days on Market: 2 days
- Added to Site: 2 day(s) ago
Interior
- Fireplace(s): None
- Appliances: None
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Assigned, Asphalt
- Parking: Assigned, Asphalt
Location
- Area: D3 - Southwest Downey, S of Firestone, W of Downey
- County: Los Angeles
- Development Name: D3 - Southwest Downey, S of Firestone, W of Downey
- Driving Directions: South of Firestone Blvd. West of Rives Ave
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 16
- # Electric Meters: 16
Structural Information
- Roof: Flat
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 8,616
- Year Built: 1957
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 8
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: None
- Lot Size (Acres): 0.3326
- Lot Size (Sq. Ft.): 14,489
- Lot Size Source: Assessor
- Zoning: DOR3*
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $441.04
- Price Per Unit: 237500
Listed by Re/Max 2000 Realty, Kristopher German
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 11517 Old River School Rd —
Kristopher German
Re/Max 2000 Realty
909-645-0443
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 11517 Old River School Rd
School District:Downey Unified School District
| Name | Grades | Distance |
|---|---|---|
Williams Elementary School, Downey, CA 7530 Arnett Street, Downey, CA 90241 | K-3 | 0.2 mi |
Old River Elementary School, Downey, CA 11995 Old River School Road, Downey, CA 90242 | 4-5 | 0.6 mi |
West Middle School 11985 Old River School Road, Downey, CA 90242 | 6-8 | 0.5 mi |
Warren High School 8141 De Palma Street, Downey, CA 90241 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11517 Old River School Rd
Estimate the Cost
Estimate the Cost for 11517 Old River School Rd
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,657Sq. Ft.
- Commercial Multi-Family
- Active
- Updated 1 day ago
- 2,488Sq. Ft.
- 0.2557Acres
- Townhouse
- Active
- Updated 11 hours ago
- 3Beds
- 3Total Baths
- 1,610Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,525Sq. Ft.
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11517 Old River School Rd, Downey, CA 90241 (MLS# CV26059950) is a Multi-Family property with 16 units containing 0 bedrooms and 0 full bathrooms. 11517 Old River School Rd is currently listed for $3,800,000 and was received on March 19, 2026. Want to learn more about 11517 Old River School Rd? Do you have questions about finding other Multi-Family real estate for sale in Downey? You can browse all Downey real estate or contact a Coldwell Banker agent to request more information.