11523-11529 Old River School Rd - Apartments FOR SALE


Downey, CA 90241
$3,800,000 USD
626-427-0786
11523-11529 Old River School Rd, Downey, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/8
null | 5.71% Cap Rate

11523-11529 Old River School Rd
Downey, CA 90241


HIGHLIGHTS

  • Prime Corner Lot
  • 5.71% CAP Rate I 10.63 GRM
  • All 1-Bed/1-Bath Units
  • Tenants Enjoy On-Site Parking, Laundry Facility & Sparkling Pool
  • Priced to Sell!
  • Opportunity to acquire the adjacent 16-unit property

OVERVIEW

Just Listed! Kristopher German of The Apartment Dealer is pleased to offer this 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.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$463 USD /SF

# OF UNITS

16

PRICE/UNIT

$237,500

CAP RATE

5.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Two Side By Side 16U Properties: Downey

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,604 SF

ZONING

DOR3

APN/PARCEL ID

6231-003-010

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.