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11502-11506 Adco Ave
Downey, CA 90241

$4,300,000 USD

Apartments For Sale • 8,616 SF

Property Details

Property Type Apartments
Total Building Size 8,616 SF
Lot Size 0.33 AC
Building Class C
Year Built 1957
Zoning DOR3*

0 Transit Score

75 Walk Score

                
                    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.

Amenities

24 Hour Access
Courtyard
Laundry Facilities
Gated
Kitchen
Granite Countertops
Refrigerator
Oven
Range
Freezer
Vinyl Flooring

Public Transportation

Commuter Rail	Drive	Walk	Distance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	4.0 mi
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink))	12 min	-	5.5 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	21 min	-	10.0 mi
Los Angeles International	26 min	-	17.4 mi
Bob Hope	37 min	-	26.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	Surface
Included in Rent:	Yes

Mark Ventre 323-202-9741 Lyon Stahl Investment Real Estate

11502-11506 Adco Ave Downey, CA 90241