11520 Adco Ave

09-22-2022
09-22-2022

11520 Adco Ave, Downey, CA 90241

  • Outstanding Downey Location - Prime Rental Market
  • Ideal Unit Mix - Comprised Entirely of Spacious 2 Bedroom 1 Bathroom Units
  • Centrally Located - Close Proximity to the 605, 5, 105, 710 Freeways
  • True Value-Add Opportunity with Approximately 46% Rental Upside
  • Select Units have Undergone Various Renovations such as Kitchen Remodels, Building has a New Roof
  • Ample Parking as Each Unit has a 1 Car Garage and Open Space
     

Property Description

The King Group of Marcus & Millichap is pleased to present 11520 Adco Ave, a 4-unit multi-family community located in the prime rental market of Downey, CA.

Centrally located between four major freeways, the Property is just minutes from Downtown LA, Orange County, and the Pacific Ocean. The property was built in 1956 and is comprised of approximately 3,249 rentable square feet on a 7,265 square foot lot. The building has an outstanding unit mix, comprising entirely of spacious 2 bedroom1 bathroom units.

The property is separately metered for gas and electricity, features ample parking, and the tenants benefit from the property’s central location. In addition, there is a laundry facility on site for tenants' convenience, select units have been renovated with new kitchens, and the building has a new roof.

This is an outstanding opportunity to acquire a desirable multi-family asset with substantial upside in the city of Downey and would be a great addition to any investor’s portfolio.
 

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
2 Bed/ 1 Bath 4 812 $ 1,545

Key Property Information

Listing Status
Available
Listing Type
Call for offers
Multifamily type
2-4 Units
Price
$ 1,450,000
No. of Units
4
Cap Rate
3.01%
GRM / GIM
19.55
Year Built
1956
Building Size
3,249 Sq ft
Lot Size
0 acres
No. of Stories
2
APN
6231-003-008
No. of Parking Spots
8
Opportunity Zone
No
Buy Side Fee
2.5%
Price per unit
$ 362,500
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