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11502 Adco Avenue, Downey, CA 90241
Priced at Only: $4,500,000
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Address: 11502 Adco Avenue, Downey, CA 90241
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11502 Adco Avenue
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  • MLS#: 25608361 ( )
  • Street Address: 11502 Adco Avenue
  • Viewed: 11
  • Price: $4,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 86
  • Additional Information
  • County: LOS ANGELES
  • City: Downey
  • Zipcode: 90241
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Mark Mark
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Appliances
  1. Disposal
  2. Refrigerator
Building Area Total
  1. 8616.00
Construction Materials
  1. Stucco
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Flooring
  1. Carpet
  2. Tile
Heating
  1. Wall Furnace
Laundry Features
  1. Community
Levels
  1. Two
Netoperatingincome
  1. 234522.00
Parcel Number
  1. 6231003004
Parking Features
  1. Uncovered
Postalcodeplus4
  1. 4140
Property Condition
  1. Updated/Remodeled
Roof
  1. Composition
  2. Shingle
Security Features
  1. Gated Community
Sourcesystemkey
  1. 25608361:CLAW
Totalexpenses
  1. 133196.00
Uncovered Spaces
  1. 16.00
View
  1. None
Views
  1. 11
Year Built
  1. 1956
Zoning
  1. DOR3*
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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