Homes for sale - 11502 11506 Adco AVE, Downey, CA 90241

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Edward Kapanadze

edward@homesearch-la.com +1(310) 870-0404

$ 4,500,000

Est. payment | -/mo

16 Beds

16 Baths

8,616 SqFt

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$ 4,500,000

Est. payment | -/mo

Save

16 Beds

16 Baths

8,616 SqFt

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

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

11502 11506 Adco AVE Downey, CA 90241