Downey, CA 90241,11502 11506 Adco AVE
Downey, CA 90241,11502 11506 Adco AVE
Downey, CA 90241,11502 11506 Adco AVE
Downey, CA 90241,11502 11506 Adco AVE
Downey, CA 90241,11502 11506 Adco AVE
Downey, CA 90241,11502 11506 Adco AVE
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Nick Resendez

Nick Resendez

+1(714) 271-2565
$ 4,300,000
Est. payment | /mo

16 Beds

16 Baths

8,616 SqFt

Save
$ 4,300,000
Est. payment | /mo
Save

16 Beds

16 Baths

8,616 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,616 sqft

Price per Sqft $499

MLS Listing ID 25608361

Bedrooms 16

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1956

Lot Size 0.333 Acres

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 D3 - Southwest Downey, S Of Firestone, W Of Downey

Zoning DOR3*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Tile

Fireplace No

Appliance Disposal, Refrigerator

Laundry Common Area

Exterior

Parking Features Uncovered

Community Features Gated

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 16

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 6231003004

Security Features Gated Community

Special Listing Condition Standard

CRMLS – RECore
Listed by Mark Ventre Lyon Stahl Investment Real Estate, Inc.

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Unsworth Elementary

    Public | KG - 5

  • 8

    Bryson Avenue School

    Public | KG - 5

  • 8

    Aspire Gateway Academy

    Public | KG - 5

  • 8

    Ward Elementary

    Public | KG - 3

  • 8

    Price Elementary

    Public | KG - 5

  • 8

    Lewis Elementary School

    Public | KG - 5

  • 8

    Gallatin Elementary

    Public | KG - 5

  • 7

    Old River Elementary

    Public | 4 - 5

  • 7

    Williams Elementary

    Public | KG - 3

  • 7

    Alameda Elementary School

    Public | KG - 3

  • 7

    Rio San Gabriel Elementary

    Public | KG - 5

  • 6

    Washington Elementary School

    Public | KG - 6

  • 6

    Aspire Firestone Academy

    Public | KG - 5

  • 6

    Will Rogers Elementary School

    Public | KG - 6

  • 6

    Hollydale School

    Public | KG - 8

  • 6

    Imperial Elementary School

    Public | KG - 3

  • 6

    Rio Hondo Elementary

    Public | KG - 5

  • 6

    Carpenter Elementary School

    Public | 4 - 5

  • 5

    Teresa Hughes Elementary / Magnet School

    Public | PK - 6

  • 5

    Jaime Escalante Elementary School

    Public | KG - 6

Middle Schools 11
  • 7

    Stauffer Middle School

    Public | 6 - 8

  • 7

    Griffiths Middle School

    Public | 6 - 8

  • 6

    International Studies Learning

    Public | 6 - 12

  • 6

    Doty Middle School

    Public | 6 - 8

  • 5

    Paramount Park Middle School

    Public | 6 - 8

  • 5

    Sussman Middle School

    Public | 6 - 8

  • 4

    Suva Intermediate

    Public | 6 - 8

  • 3

    Bell Gardens Intermediate

    Public | 6 - 8

  • 1

    Franklin S. Whaley Middle School

    Public | 6 - 8

  • 0

    Paramount Unified Community Day

    Public | 7 - 12

  • 0

    Interamerican Adult School

    Private | 7 - 12

High Schools 16
  • 7

    Warren High School

    Public | 9 - 12

  • 7

    Downey High School

    Public | 9 - 12

  • 5

    Legacy STEAM High School

    Public | 9 - 12

  • 5

    Paramount High School

    Public | 9 - 12

  • 4

    Lynwood High School

    Public | 9 - 12

  • 4

    Bell High School

    Public | 9 - 12

  • 4

    Maywood Academy

    Public | 9 - 12

  • 4

    Legacy Visual & Performing Arts High School

    Public | 9 - 12

  • 3

    Marco Antonio Firebaugh High School

    Public | 9 - 12

  • 3

    Bell Gardens High School

    Public | 9 - 12

  • 0

    Vista High (Continuation)

    Public | 9 - 12

  • 0

    Pathway Independent Study

    Public | 9 - 12

  • 0

    St Piusx-St.Matthias Academy

    Private | 9 - 12

  • 0

    Los Angeles County Regional Occupational Program

    Public | 9 - 12

  • 0

    St John Bosco High School

    Private | 9 - 12

  • 0

    Columbus Continuation

    Public | 9 - 12

School and business data provided by Attom Data.
Nick Resendez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 271-2565

nick.resendez@gmail.com

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11502 11506 Adco AVE