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11515-11517 Old River School Rd
Downey, CA 90241

$3,695,000 USD

Apartments For Sale  •  8,616 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,616 SF
  • Lot Size 0.34 AC
  • Building Class C
  • Year Built 1957
  • Cap Rate 6.27 %
  • Zoning DOR3*
30 Transit Score
60 Walk Score

Highlights

Opportunity to purchase 16 fully leased units in Prime Downey at a 6% CAP Rate!
On-site parking and laundry facilities support tenant demand and retention.
Strong in-place income with favorable CAP Rate and operational simplicity.
Located within a dense infill market with established renter demand and regional transit access.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $231,714 USD (2025)
Cap Rate: 6.27 %
Total Expenses: $103,751 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Trash Pickup - Curbside
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 4.0 mi
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 5.5 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 21 min - 9.9 mi
Los Angeles International 26 min - 17.3 mi
Bob Hope 37 min - 27.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Kristopher German 626-427-0786 The Apartment Dealer
Kristopher German 626-427-0786 The Apartment Dealer