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$3,450,000

  • Sold
  • Closed
  • Multi-Family
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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 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.

Full Property Details for 11517 Old River School Rd

General

  • Sold For: $3,450,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: CV26059950
  • Added to Site: 205 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: 17
  • # Electric Meters: 17

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 Source: Assessor
  • Zoning: DOR3*
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $400.42
  • Price Per Unit: 221875

Listed and Sold by Re/Max 2000 Realty, Kristopher German

Listing agent

— 11517 Old River School Rd —

  • Kristopher German

    Re/Max 2000 Realty

909-645-0443

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 11517 Old River School Rd

School District:Downey Unified School District
NameGradesDistance
Williams Elementary School, Downey, CA
7530 Arnett Street, Downey, CA 90241
K-30.2 mi
Old River Elementary School, Downey, CA
11995 Old River School Road, Downey, CA 90242
4-50.6 mi
West Middle School
11985 Old River School Road, Downey, CA 90242
6-80.5 mi
Warren High School
8141 De Palma Street, Downey, CA 90241
9-120.9 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

Date
Details
Price
Change
Source
9/24/2026
Sold
$3,450,000
-2.82%
MLS
5/22/2026
Price Reduced
$3,550,000
-3.92%
MLS
4/23/2026
Price Reduced
$3,695,000
-2.76%
MLS
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.

Listed and Sold by Re/Max 2000 Realty, Kristopher German

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Recent Sales near 11517 Old River School Rd

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11523 Old River School Rd, Downey, CA 90241 - Photo 1 Sold
$3,450,000

11523 Old River School Rd  Downey, CA 90241

  • Multi-Family
  • Closed
10538 La Reina, Downey, CA 90241 - Photo 1 Sold
$3,945,000

10538 La Reina  Downey, CA 90241

  • Multi-Family
  • Closed
5027 Clara St, Cudahy, CA 90201 - Photo 1 Sold
$3,675,000

5027 Clara St  Cudahy, CA 90201

  • Multi-Family
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9559 Flower St, Bellflower, CA 90706 - Photo 1 Sold
$3,765,000

9559 Flower St  Bellflower, CA 90706

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11517 Old River School Rd, Downey, CA 90241 (MLS# CV26059950) is a Multi-Family property that was sold at $3,450,000 on September 24, 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.