NOT LISTED FOR SALE

11990 Old River School Rd Downey, CA 90242

17 Beds
10 Baths
13,895 Sq Ft
0.55 Acres

Last Sold August 31, 2018

Last sale price $3,925,000 $282 Per Sq Ft

14 Days on Market

Highlights

  • Gated Parking
  • No HOA
  • Laundry Room
  • Williams Elementary School Rated 9+

About This Home

As of August 2018

La Paz Villas is a 14 unit apartment complex located on Old River School Road in the city of Downey.

Located close to Old River Elementary School and Mary Stauffer Middle School, perfect for starting families.
Also located close to many great commercial attractions such as parks, golf courses and restaurants.

Please contact the leasing office for the most up to date information.

Last Agent to Sell the Property

Steve C Roberson

Century 21 Masters License #00921349 Listed on: 05/22/2018

Century 21 Masters

Co-Listed By

Edwin Huber

Century 21 Masters License #01314032

Last Buyer's Agent

Juan Cardenas

Remax Commercial and Investment Realty License #01233927

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.55 Acre Lot
  • Two or More Common Walls

Home Design

  • Apartment

Interior Spaces

  • 13,895 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 13 Open Parking Spaces
  • 27 Parking Spaces
  • 14 Carport Spaces
  • Parking Available
  • Gated Parking

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 4236
  • Assessor Parcel Number 6246014015

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $838
  • Fuel Expense $3,259
  • Insurance Expense $11,896
  • Maintenance Expense $30,278
  • Other Expense $3,014
  • Professional Management Expense $33,973
  • Trash Expense $2,364
  • Water Sewer Expense $3,784
  • New Taxes Expense $8,474
  • Operating Expense $100,281
  • Gross Income $251,440
  • Net Operating Income $146,653

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • CapRate: 3.88
  • Professional Management Expense: 33973.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3784.00
  • Zoning: DOR3-P*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6246014015
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 282.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 14.00
  • Parking: Yes
  • Parking Features: Carport, Gated, Uncovered
  • Total Parking Spaces: 27.00
  • Uncovered Spaces: 13.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2364.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 23779.00

Multi Family

  • Electric Expense: 838.00
  • Fuel Expense: 3259.00
  • Gross Income: 251440.00
  • Gross Multiplier: 15.29
  • Gross Operating Income: 251440.00
  • Gross Scheduled Income: 251440.00
  • Insurance Expense: 11896.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2552.00
  • Maintenance Expense: 30278.00
  • Net Operating Income: 146653.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 100281.00
  • Other Expense: 3014.00
  • Rent Control: No
  • Total Expenses: 100281.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8474.00
  • Tax Census Tract: 5515.01
  • Tax Lot: 13
  • Tax Tract Number: 4236

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 Off Market $1,900 -- --
07/11/2025 07/11/25 For Rent $1,900 0.0% --
05/02/2024 05/02/24 For Rent $1,900 0.0% --
08/31/2018 08/31/18 Sold $3,925,000 +4.0% $282 / Sq Ft
05/22/2018 05/22/18 For Sale $3,775,000 -- $272 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Steve C Roberson

    Century 21 Masters

    Section Image
  • Edwin Huber

    Seller Co-Listing Agent in 2018

    Edwin Huber

    Century 21 Masters

    (562) 927-2626

    29 Total Sales

    Edwin Huber
    Section Image
  • Juan Cardenas

    Buyer's Agent in 2018

    Juan Cardenas

    RE/MAX

    (562) 587-5494

    28 Total Sales

    Juan Cardenas
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18121074

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Downey 90242

11990 Old River School Rd, Downey, CA

Not Listed for Sale

MultiFamily

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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