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11502-11506 Adco Ave
Downey, CA 90241
NEW PRICE! The Adco Avenue Apartments · Multifamily Property For Sale
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16 Units
Investment Highlights
- Repositioned and stabilized with over $500K in recent upgrades.
- Two sister buildings on separate parcels means no on-site manager required.
- Downey has a 98.5% occupancy rate and no new construction in the pipeline.
- No local rent control, AB 1482 only.
- Electrical submeters installed for future implementation of RUBS.
- Very little sales velocity in Downey submarket.
Property Facts
| No. Units | 16 | Building Size | 8,616 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1957/2024 |
| Building Class | C | Parking Ratio | 1.1/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | DOR3* | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 8,616 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2024 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | DOR3* |
Amenities
Unit Amenities
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Freezer
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 538 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,546,898 | |
| Land Assessment | $1,644,872 | Total Assessment | $4,191,770 |
Property Taxes
Parcel Numbers
Land Assessment
$1,644,872
Improvements Assessment
$2,546,898
Total Assessment
$4,191,770
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