11517 Old River School Rd

Downey, CA 90241

$3,550,000
Price
8
Beds
16
Baths
8,616 Sq. Ft.
$412 / Sq. Ft.
8,616
Sq. Ft.
$412
per Sq. Ft.
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Description

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...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.
  1. Listed by Kristopher German • DRE #01800021 • Brokerage DRE #01264629 • RE/MAX 2000 REALTY • 909-645-0443

Property Details for 11517 Old River School Road

View
None
Parking Spaces Total
16
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8616
LISTING UPDATED: 05/22/2026 05:28 AM

Property Details for 11517 Old River School Road

StatusActive
MLS #CV26059950
Days on Market52
Pet Policy-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1957
CountyLos Angeles County
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Location

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021
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Building Information for 11517 Old River School Road

Building/Complex11517 Old River School RdFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1957Building Size-

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$17,690 per month

30 year fixed, 6.36% Interest

Principal and Interest

$17,690

Property Taxes

$0

HOA Dues

$0

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Property Information for 11517 Old River School Road

Rental Info
Rental Info
  • Tenant Pays: Gas, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $345,840
  • Gross Scheduled Income: $345,840
  • Gross Spendable Income: $345,840
  • Vacancy Allowance: 10375
  • Gross Operating Income: $335,465
  • Net Operating Income: $233,444
  • Laundry Income: $4,080
  • Gross Multiplier: 10.26
  • Cap Rate: 6.58
  • Current Financing: None
Expense Details
  • Operating Expense: $102,021
  • New Taxes Expense: $42,348
  • Fuel Expense: $4,775
  • Electric Expense: $2,250
  • Insurance Expense: $8,500
  • Maintenance Expense: $12,000
  • Professional Management Expense: $16,773
  • Trash Expense: $10,125
  • Water Sewer Expense: $2,850
  • Total Expenses: $102,021
Tax / Assessment Info
  • Tax Block: 003
  • Tax Tract Number: 012
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 6321
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: Laundry Area, None
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Roof: Flat
  • Entry Location: 1
  • Fence: No
  • Fence: None
  • Fencing: None
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved
  • Road Frontage Type: Access Road
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
  • Electric: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 16
  • Open Other Spaces Total: 16
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned, Asphalt
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,615
  • Unit Type Total Rent: $1,615
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 8
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,725
  • Unit Type Total Rent: $1,725
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 7
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,730
  • Unit Type Total Rent: $1,730
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 6
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $7,000
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 5
Unit 5
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $5,400
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 4
Unit 6
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,815
  • Unit Type Total Rent: $7,260
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 3
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 2
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 16
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1

Property History for 11517 Old River School Road

DateEvent & SourcePriceAppreciation
May 22, 2026

Price Change

CLAW #CV26059950MR

$3,550,000—
May 22, 2026

Listed (Active)

CLAW #CV26059950MR

$3,800,000—
May 15, 2026

Hold

CLAW #CV26059950MR

—
DateEvent & SourcePrice
05/22/2026

Price Change

CLAW #CV26059950MR

$3,550,000
05/22/2026

Listed (Active)

CLAW #CV26059950MR

$3,800,000
05/15/2026

Hold

CLAW #CV26059950MR

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 11517 Old River School Road

This home is within Downey Unified School District.
Rating
School
Type
Grades
Distance
Williams Elementary School
Public - K to 3
Old River Elementary School
Public - 4 to 5
Stauffer Middle School
Public - 6 to 8
Warren High School
Public - 9 to 12
Rating
School
Distance
Williams Elementary School
PublicK to 3

Old River Elementary School
Public4 to 5

Stauffer Middle School
Public6 to 8

Warren High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 11517 Old River School Road, Downey, CA 90241

11517 Old River School Road is a multi-family home for sale in Downey, CA 90241. This property was listed for sale on March 19, 2026 by RE/MAX 2000 REALTY, it's currently listed at $3,550,000. This listing's school district is Downey Unified School District. Nearby schools include Williams Elementary School, Old River Elementary School and Stauffer Middle School. 11517 Old River School Road is a 8-bed, 16-bath, 8,616 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.