11502 11506 Adco Avenue

Property Overview
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.
Home Details
- Property type
- ResidentialIncome
- Year built
- 1956
- Living area
- 8,616 sq ft
- Lot size
- 14,489 sq ft
- Parking
- 16 spaces
- Stories
- 2.0
- Days on market
- 95
- MLS status
- Active
- Zoning
- DOR3*
Features & Amenities
Appliances
- Disposal
- Refrigerator
Parking
- Uncovered
Security
- Gated Community
Community, Schools & Utilities
Utilities
- Heating
- WallFurnace
- Cooling
- WallWindowUnits
Location & Neighborhood
Frequently Asked Questions
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“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

