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About the Listing 51247 - CV33418
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.
Listing Highlights
Status
Active
Days on Site
13
Property Type
Multi-Family
MLS ®
CV26059950
Year Built
1957
Total Square Footage
8,616
Lot/Acreage
0.33
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 16
- Zoning: DOR3*
- Roof: Flat
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6321003012
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
11517 Old River School Rd Downey, CA 90241
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