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About the Listing X82195 - C137060
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.
Listing Highlights for 11502 Adco Ave
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
25608361
Year Built
1956
Total Square Footage
8,616
Lot/Acreage
0.33
County
Los Angeles
Interior Details
- Bedrooms: 16
- Bathrooms: 16 Full
- Appliances:
- Air Cond: Window Unit(s),Wall/Window
- Heating: Wall
- Fireplaces:
- Floor: Carpet,Wood Laminate,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: 2-4 Lots
- Garage Capacity: N/A
- Parking Spaces: 16
- Zoning: DOR3*
- Roof: Composition,Shingle
- Others: Updated/Remodeled
- Sewer:
- Parking Features: Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
11502 Adco Ave Downey, CA 90241
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