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Listed by: Mark Ventre (323) 202-9741 DRE #01811490 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$4,500,000
16 Beds
16 Baths
8,616sqft
11502 11506 Adco Ave, Downey, CA 90241
$4,500,000
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Multi Family
Built in 1956
$-- HOA
14,489 sqft lot
$522/sq.ft
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, ...
Continue Reading- Houzeo last checked: 1 Hour ago
- Listing updated: November 7, 2025 at 2:13 am
- Source: California Regional MLS-CA | MLS#: 25608361
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1956
HOA Fees
-
Finished Area
8,616 sqft
Lot Size
14,489 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25608361
MLS Status
Active
Days on Market
46
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