CA > Downey
Downey, CA 90241,11502 11506 Adco AVE
Downey, CA 90241,11502 11506 Adco AVE
Downey, CA 90241,11502 11506 Adco AVE
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$4,500,000
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16 Beds
16 Baths
8,616 SqFt
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11502 11506 Adco AVE Downey, CA 90241

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Jeanne Heidmiller

Jeanne Heidmiller

+1(619) 857-9765

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,616 sqft

Price per Sqft $522

MLS Listing ID 25608361

Bedrooms 16

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1956

Lot Size 0.333 Acres

Property Description

The Adco Avenue Apartments is a fully renovated and stabilized asset in one of L.A. County's most competitive suburban markets. Located in the strategic 605/710 Corridor, the property offers strong in-place cash flow and long-term growth. Downey is a non-rent-controlled city governed solely by AB 1482, allowing annual rent increases of up to 8%. The property is offered at a 5.21% cap rate, above the market average, creating immediate yield in a submarket known for tighter pricing. Property consists of (2) 8-unit buildings with separate APNs so no on-site manager required (APNs: 6231-003-004 & 6231-004-005). Sixteen one-bedroom, one-bath units. Property is master metered, though ownership has implemented RUBS.

Location

State CA

County Los Angeles

Area D3 - Southwest Downey, S Of Firestone, W Of Downey

Zoning DOR3*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Tile

Fireplace No

Appliance Disposal, Refrigerator

Laundry Common Area

Exterior

Parking Features Uncovered

Community Features Gated

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 16

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 6231003004

Security Features Gated Community

Special Listing Condition Standard

CRMLS – RECore
Listed by Mark Ventre Lyon Stahl Investment Real Estate, Inc.

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Jeanne Heidmiller

Jeanne Heidmiller

Agent | License ID: 01290567

+1(619) 857-9765

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11502 11506 Adco AVE

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