16-Unit Apartment
For Sale
$3,550,000
Pending
11517 Old River School Rd, Downey, CA 90241
Sixteen one-bedroom residences with onsite parking and laundry facilities support a straightforward multifamily configuration.
Property SizeContact for details
Lot Size0.33 Acres
Days on Market172
Property Features for 11517 Old River School Rd
General Information
Standard status
Pending
Net Rentable
8,616 SF
Lot size
0.33 Acres
Property subtype
Multi-Family
Financials
Asking Price
$3,550,000
Cap Rate
6.58%
Gross Rent Multiplier
10.26
Units
Unit Mix
16 x 1BR/1BA
Multifamily Units
16
Amenities
onsite laundry facility
Listing Agency:
RE/MAX 2000 REALTY
Listed By:
Kristopher German kris@theapartmentdealer.com
Source:
Findhomesinsandiegoarea
Added: Mar 12
Changed: Aug 29
Last Checked: Aug 29 at 11:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 2000 REALTY
Investment Insights
Based on property information with market context.
This 16-unit apartment property contains an all one-bedroom, one-bathroom unit mix totaling 8,616 rentable square feet. The improvements sit on a 14,489-square-foot lot and include onsite parking along with a laundry facility for residents. The uniform configuration provides a consistent physical profile across the community.
The property is located at 11517 Old River School Rd in Downey, California. An adjacent property at 11523 Old River School Rd is also offered for purchase, creating the possibility of combining both properties for 32 units in total. Financial metrics include a 6.58% CAP Rate and a 10.26 GRM.
The property is located at 11517 Old River School Rd in Downey, California. An adjacent property at 11523 Old River School Rd is also offered for purchase, creating the possibility of combining both properties for 32 units in total. Financial metrics include a 6.58% CAP Rate and a 10.26 GRM.
Key Highlights
- 16‑unit apartment property with an all 1‑Bed/1‑Bath unit mix
- 8,616 rentable square feet on a 14,489 sq. ft. lot
- Onsite parking and resident laundry facility
Property Analytics
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 90241, CA
44,921
Population
15,100
Households
3
Avg Household Size
37
Median Age
25%
College-Educated
81%
High-School Grad
4.9 sq mi
ZIP Area
9,168
Density / Sq Mi
$84,375
Median Household Income
$43,319
Median Earnings
$1,884
Median Rent
$770,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Sixteen one-bedroom residences with onsite parking and laundry facilities support a straightforward multifamily configuration.
Where is this apartment building located?
The property is located at 11517 Old River School Rd Downey, CA.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: 16‑unit apartment property with an all 1‑Bed/1‑Bath unit mix; 8,616 rentable square feet on a 14,489 sq. ft. lot; Onsite parking and resident laundry facility
