11502 11506 Adco Avenue

Downey , CA 90241

MLS#: 25608361

$4,500,000

Status: Active
Listing number: 25608361
Listing provided by: Lyon Stahl Investment Real Estate, Inc.
Listing agent phone: None
Last update: 6 days ago
On site: 15 days ago
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Property

Beds

16

Full Baths

None

1/2 Baths

None

Year Built

1956

Sq.Footage

8,616

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.

Features & Amenities

Interior

  • Total Bedrooms

    16

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.3326

  • Property Type

    Residential Income

Price

  • Sales Price

    $4,500,000

  • Sq. Footage

    8, 616

  • Price/SqFt

    $522

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Mark Ventre , Lyon Stahl Investment Real Estate, Inc.

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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.

11502 11506 Adco Avenue

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