CA > Downey
Downey, CA 90241,11502 Adco Avenue
Downey, CA 90241,11502 Adco Avenue
Downey, CA 90241,11502 Adco Avenue
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$4,500,000
Est. payment /mo
8,616 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,616 sqft

Price per Sqft $522

MLS Listing ID CL25608361

HOA Y/N No

Year Built 1956

Lot Size 0.333 Acres

Acres 0.33

Property Sub-Type Other

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

Zoning DOR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile, Carpet

Fireplace No

Laundry Common Area

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 6231003004

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Mark Ventre • Lyon Stahl Investment Real Estate, Inc.
Danielle Broad

+1(925) 383-9200

smiles4dee@gmail.com

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