CA > Downey
Downey, CA 90241,11502 Adco Ave
Downey, CA 90241,11502 Adco Ave
Downey, CA 90241,11502 Adco Ave
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$4,500,000
Est. payment /mo
16 Beds
16 Baths
8,616 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,616 sqft

Price per Sqft $522

MLS Listing ID 25608361

Style Low Rise

Bedrooms 16

Construction Status Updated/Remodeled

Year Built 1956

Lot Size 0.333 Acres

Acres 0.332

Property Sub-Type Multi-Family

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

Area Southwest Downey, S Of Firestone, W Of Downey

Zoning DOR3*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s), Wall/Window

Flooring Carpet, Wood Laminate, Tile

Equipment Garbage Disposal, Range/Oven, Refrigerator

Laundry Community

Exterior

Parking Features Uncovered

Garage Spaces 16.0

Amenities Available Assoc Barbecue

Waterfront Description None

View Y/N No

View None

Roof Type Composition, Shingle

Building

Lot Description 2-4 Lots

Story 2

Architectural Style Low Rise

Level or Stories Two

Structure Type Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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Kirshner Elkin Properties

+1(424) 214-0133

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