$3,170,000
SOLD OCT 10, 2025

12541 Old River School Rd Downey, CA 90242

20 Beds
20 Baths
11,988 Sq Ft
0.35 Acres

Recently Sold

$264 Per Sq Ft

12% Below List Price

8 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Laundry Room

About This Home

As of October 2025

12 mostly identical units. Each is a 2 story with the bedrooms and full bath upstairs and the living area, Kitchen and a 1/2 bath downstairs. Each kitchen includes built in stove and oven. One covered parking space is included with each unit.

Last Agent to Sell the Property

mike poff

Norwalk Realty Brokerage Phone: 562-868-3201 License #00893555 Listed on: 08/12/2025

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.35 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 11,988 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 20 Bathrooms

Parking

  • 12 Parking Spaces
  • 12 Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 24291
  • Assessor Parcel Number 6233035020
  • $3,449 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Fuel Expense $8,400
  • Insurance Expense $15,000
  • Trash Expense $14,600
  • Water Sewer Expense $6,000
  • Operating Expense $44,840
  • Gross Income $960
  • Net Operating Income $194,420

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 6000.00
  • Zoning: DOR3*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6233035020
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Price Per Square Foot: 264.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 14600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 15035.00
  • Lot Size Acres: 0.3452

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Electric Expense: 840.00
  • Fuel Expense: 8400.00
  • Gross Income: 960.00
  • Gross Scheduled Income: 225420.00
  • Insurance Expense: 15000.00
  • Laundry Income: 960.00
  • Lot Size Area: 15035.0000 Square Feet
  • Net Operating Income: 194420.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Number With Range: 12
  • Operating Expense: 31000.00
  • Rent Control: No
  • Total Expenses: 44840.00

Tax Info

  • Tax Census Tract: 5515.01
  • Tax Lot: 5
  • Tax Tract Number: 24291
  • TaxOtherAnnualAssessmentAmount: 3449.00
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Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2025 10/10/25 Sold $3,170,000 -11.9% $264 / Sq Ft
08/20/2025 08/20/25 Pending -- -- --
08/12/2025 08/12/25 For Sale $3,600,000 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25180844

California Regional Multiple Listing Service (CRMLS)