11502-11506 Adco Ave - Apartments FOR SALE


Downey, CA 90241
$4,300,000 USD
323-202-9741
11502-11506 Adco Ave, Downey, CA for Sale
$4,300,000 USD
Apartments - FOR SALE
1/17
null | 5.31% Cap Rate

11502-11506 Adco Ave
Downey, CA 90241


HIGHLIGHTS

  • Repositioned and stabilized with over $500K in recent upgrades.
  • No local rent control, AB 1482 only.
  • Two sister buildings on separate parcels means no on-site manager required.
  • Electrical submeters installed for future implementation of RUBS.
  • Downey has a 98.5% occupancy rate and no new construction in the pipeline.
  • Very little sales velocity in Downey submarket.

OVERVIEW

Catalyst CRE, in collaboration with Lyon Stahl Investment Real Estate, presents The Adco Avenue Collection, a fully renovated, 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 5.31% cap rate, above the market average, creating immediate yield in a submarket known for tighter pricing. The latest loan quote is 5.55% fixed for 3 years with full-term interest-only, an ideal structure in today’s environment. Electric submeters have been installed for future implementation of RUBS.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$499 USD /SF

# OF UNITS

16

PRICE/UNIT

$268,750

CAP RATE

5.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NEW PRICE! The Adco Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,492 SF

ZONING

DOR3*

APN/PARCEL ID

6231-003-004,6231-003-005

ASK ABOUT THIS PROPERTY

Mark VentreLyon Stahl Investment Real EstateMore Info
323-202-9741

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Mark VentreLyon Stahl Investment Real EstateMore Info
323-202-9741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.