Properties
Downey, CA 90241 11502 Adco Avenue
$4,300,000
22 more
Presented By: Mark Ventre with Lyon Stahl Investment Real Estate, Inc.;
Beds • 16
Baths • 16
SQFT • 8,616
Home Details
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.
Presented By: Mark Ventre with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 11502 Adco Avenue
Bedrooms
Total Bedrooms16
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16
Other Interior Features
LivingAreaSourceEstimated
Air Conditioning Y/NYes
FlooringCarpet, Tile
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories2
General for 11502 Adco Avenue
Additional Parcels Y/NYes
AppliancesDisposal, Refrigerator
Cap Rate5.31
CityDowney
Community FeaturesGated
Construction MaterialsStucco
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsThree blocks from the intersection of Old River School Rd and Firestone Blvd off of Neo St.
Full Baths
Gross Income376276
HOANo
HeatingWall Furnace
LevelsTwo
Living Area8616
Lot Size Square Feet14489
Lot Size UnitsSquare Feet
MLS AreaD3 - Southwest Downey, S of Firestone, W of Downey
Net Operating Income234522
New ConstructionNo
Number Of Units Total16
Open Parking Spaces16
PostalCityDOWNEY
Property ConditionUpdated/Remodeled
Property TypeResidential Income
Rent Control Y/NNo
RoofComposition, Shingle
Security FeaturesGated Community
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
ViewNone
Year Built1956
ZoningDOR3*
Exterior for 11502 Adco Avenue
Building Area Total8616
Lot Size Acres0.3326
Lot Size Area14489
Lot Size SourceEstimated
Number of Buildings2
Parking FeaturesUncovered
Total Parking16
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
