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$3,800,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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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 16 1-Bed/1-Bath units, and a non-conforming Studio unit, all totaling 8,208 rentable square feet on an expansive 14,604 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 5.71% CAP Rate and 10.63 GRM, providing strong in-place returns with long-term investment stability. Rare additional opportunity: The adjacent property located at 11515 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 for 11523 Old River School Rd

General

  • Price: $3,800,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: CV26060040
  • 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: Private
  • 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: 8,208
  • Year Built: 1956

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: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Number of Units: 3
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 11

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.3353
  • Lot Size (Sq. Ft.): 14,604
  • Lot Size Source: Assessor
  • Zoning: DOR3
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $462.96
  • Price Per Unit: 237500

Listed by Re/Max 2000 Realty, Kristopher German

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Listing agent

— 11523 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 11523 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 11523 Old River School Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/19/2026
Listed
$3,800,000
207.07%
MLS
9/14/2004
Sold
$1,237,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 11523 Old River School Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,898
5%
$2,060,374
4%
2023
$26,491
5%
$1,980,538
2%
2022
$25,236
3%
$1,941,790
2%
2021
$24,434
1%
$1,903,802
1%
2020
$24,082
1%
$1,884,327
2%
2019
$23,837
3%
$1,843,105
2%
2018
$23,223
2%
$1,806,966
2%
2017
$22,773
1%
$1,771,536
2%
2016
$22,450
1%
$1,736,801
2%
2015
$22,143
5%
$1,710,714
2%
2014
$21,017
2%
$1,677,204
—
2013
$20,531
—
$1,669,625
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 11523 Old River School Rd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Re/Max 2000 Realty, Kristopher German

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11523 Old River School Road, Downey, CA 90241 (MLS# CV26060040) is a Multi-Family property with 16 units containing 0 bedrooms and 0 full bathrooms. 11523 Old River School Road is currently listed for $3,800,000 and was received on March 19, 2026. Want to learn more about 11523 Old River School Road? 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.

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