REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,500,000
Est. payment /mo
New
11502 Adco Avenue Downey, CA 90241
8,616 SqFt
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
© 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.
