11517 Old River School Rd, Downey, CA 90241
Property
Sold September 2026
Listing Agent: Kristopher German (DRE #01800021) · Listing Office: RE/MAX 2000 REALTY · Contact: 909-645-0443 · Bought with: Kristopher German · RE/MAX 2000 REALTY · MLS #CV26059950 · Source: CRMLS
How this sale compares
11517 Old River School Rd sold for $3,450,000 in September 2026, 2.8% under its $3,550,000 list price, after 77 days on the market. It was first listed at $3,800,000. Across 72 closed sales in 90241 over the last 12 months, the median sold price is $945,000 and the median is $596 per square foot.
| Quarter | Closed sales in 90241 | Median sold price |
|---|---|---|
| Q1 2026 | 8 | $892,500 |
| Q2 2026 | 35 | $961,000 |
| Q3 2026 | 29 | $975,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Downey · Homes for sale in 90241
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 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.
Listing description from the September 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 11517 Old River School Rd
11523 Old River School Road: Sold $3,450,000 · Sep 2026 · 0.0 mi
RE/MAX 2000 REALTY | DRE #01800021
Buyer's agent: Kristopher German, RE/MAX 2000 REALTY | DRE #018000217513 Pivot Street: Sold $667,000 · 3 bd · 2 ba · 1,092 sqft · May 2026 · 0.2 mi
Harcourts One | DRE #02058939
Buyer's agent: Bryan Cruz, Realty One Group United | DRE #0205621511033 Old River School Road 8: Sold $645,000 · 3 bd · 3 ba · 1,433 sqft · Sep 2026 · 0.3 mi
T.N.G. Real Estate Consultants | DRE #01397188
Buyer's agent: Hector Gonzalez, Century 21 A Better Service | DRE #0125995911523 Richeon: Sold $940,000 · 3 bd · 2 ba · 1,316 sqft · May 2026 · 0.3 mi
First Team Real Estate - Cerritos | DRE #02227317
Buyer's agent: Anna Ambarian, Christie's RE SoCal | DRE #010407747738 Adwen Street: Sold $907,500 · 3 bd · 2 ba · 1,566 sqft · Apr 2026 · 0.4 mi
24 Hour Real Estate | DRE #01234589
Buyer's agent: Maria Cibrian, Century 21 Allstars | DRE #014286107753 Adwen Street: Sold $820,000 · 2 bd · 2 ba · 1,096 sqft · Aug 2026 · 0.4 mi
Century 21 Masters | DRE #01147169
Buyer's agent: Ben Garcia, Century 21 Masters | DRE #011471697802 Adwen: Sold $1,100,000 · 4 bd · 3 ba · 2,420 sqft · Sep 2026 · 0.5 mi
24 Hour Real Estate | DRE #01502888
Buyer's agent: Frank Moreno, 24 Hour Real Estate | DRE #0112966811648 Rives: Sold $970,000 · 3 bd · 2 ba · 1,623 sqft · Jun 2026 · 0.5 mi
ehomes | DRE #02164114
Buyer's agent: Rosario Cwirko, Supreme Realty | DRE #01794756
Closed sales reported in 90241, nearest first, last 12 months. All recent sales in Downey →