11502 Adco Ave Downey, CA 90241
Fully renovated, stabilized 16-unit apartment buildings in Downey, California.
Lot size:
0.33 AcresProperty Features for 11502 Adco Ave
General Information
- Lot size
- 0.33 Acres
Building Details
- Year built
- 1956
Source: Lyon Stahl Investment Real Estate, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Downey Apartments For Sale
The Adco Avenue Apartments comprise two 8-unit buildings, totaling 16 units, each featuring one bedroom and one bathroom. Located in Downey, California, within the 605/710 Corridor, the property has been fully renovated and stabilized. The property is master metered, and the ownership has implemented RUBS. Downey is governed by AB 1482, allowing annual rent increases of up to 8%. The property is offered at a 5.21% cap rate. The two buildings have separate APNs: 6231-003-004 & 6231-004-005, so no on-site manager is required.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Downey
- County
- Los Angeles
- State
- California
- Longitude
- -118.1509477
- Latitude
- 33.9459846
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FAQs
What type of property is this?
Apartment building - Fully renovated, stabilized 16-unit apartment buildings in Downey, California.
Where is this apartment building located?
The property is located at 11502 Adco Ave Downey, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: - Strong in-place cash flow with an above market average 5.21% cap rate.; - Located in Downey, a non-rent-controlled city (governed by AB 1482) allowing for annual rent increases up to 8%.; - Fully renovated and stabilized asset.