11923 Old River Road, Downey, CA 90242

11923 Old River Road, Downey, CA 90242

Downey, CA

Property Description

The Casa del Rio Apartments represents an opportunity for an investor to acquire a quality 15-unit value-add multi-family asset with the potential to add an additional 4 ADUs per California State Standards. Downey is a coveted location for apartment investors due to its central location, diverse employment base, and access to main employment centers within the area. Even with the current Covid Virus-induced economy, Downey has fared better than many cities due to its strong employment base. The Casa del Rio apartments will appeal to renovation specialists. The stability of the Downey market is highly appealing to long-term investors. And for apartment renovators, there is demonstrable upside in the current rents, by as much as 41%, if higher-end improvements were brought to the property.

Property Features

  • Sale Price: $4,450,000
  • Area Size: 12,771 SF
  • Year Built: 1970
  • Listing Date: September 27, 2021
  • Closing Date: February 2, 2022
  • Units: 15

Lyon Stahl Investment Real Estate

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