16-Unit Apartment
For Sale
$3,550,000
Pending
11523 Old River School Rd, Downey, CA 90241
Apartment community with on-site parking, laundry facilities, and a swimming pool serving a mix of one-bedroom units and a studio.
Property SizeContact for details
Lot Size0.34 Acres
Days on Market230
Property Features for 11523 Old River School Rd
General Information
Standard status
Pending
Net Rentable
8,208 SF
Lot size
0.34 Acres
Property subtype
Multi-Family
Financials
Asking Price
$3,550,000
Cap Rate
6.34%
Gross Rent Multiplier
9.84
Units
Unit Mix
16 x 1BR/1BA, 1 x studio
Multifamily Units
17
Amenities
onsite parking
onsite laundry facility
sparkling swimming pool
Listing Agency:
RE/MAX 2000 REALTY
Listed By:
Kristopher German kris@theapartmentdealer.com
Source:
Findahomenorthcountysandiego
Added: Jan 29
Changed: Sep 11
Last Checked: Sep 15 at 12:33PM
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.
The property at 11523 Old River School Rd is an apartment community comprising 16 one-bedroom, one-bath units and a separate non-conforming studio. The buildings provide 8,208 rentable square feet on a 14,604 sq. ft. lot. On-site amenities include parking, a laundry facility, and a swimming pool that has been resurfaced; a new pool security gate is being installed. All staircases serving the second floor have also been replaced.
The property is in Downey, California, and is offered with a 6.34% CAP rate and 9.84 GRM. The adjacent property at 11515 Old River School Rd is also available, presenting the possibility of acquiring both properties with 32 units total.
The property is in Downey, California, and is offered with a 6.34% CAP rate and 9.84 GRM. The adjacent property at 11515 Old River School Rd is also available, presenting the possibility of acquiring both properties with 32 units total.
Key Highlights
- 16 one‑bedroom, one‑bath apartment units plus a separate non‑conforming studio
- 8,208 rentable square feet on a 14,604 sq. ft. lot
- 6.34% CAP rate and 9.84 GRM
Property Analytics
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Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment community with on-site parking, laundry facilities, and a swimming pool serving a mix of one-bedroom units and a studio.
Where is this apartment building located?
The property is located at 11523 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 one‑bedroom, one‑bath apartment units plus a separate non‑conforming studio; 8,208 rentable square feet on a 14,604 sq. ft. lot; 6.34% CAP rate and 9.84 GRM
