Downey, CA 90241,11520 Adco AVE
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Downey, CA 90241,11520 Adco AVE
Downey, CA 90241,11520 Adco AVE
Downey, CA 90241,11520 Adco AVE

$1,300,000

Est. payment /mo

$1,350,000

3.7%
Est.Price: ?

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11520 Adco AVE Downey, CA 90241

7,265 Sqft Lot

SOLD DATE : 01/09/2023

Key Details

Sold Price $1,300,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW22205620

Sold Date 01/09/23

HOA Y/N No

Year Built 1956

Lot Size 7,265 Sqft

Property Description

We are 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.

• This is a trust sale, and will be subject to approval by all trustees, please inquire with the listing agent for further details.

Location

State CA

County Los Angeles

Area D4 - Southeast Downey, S Of Firestone, E Of Downey

Zoning DOR3*

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6231003008

Energy Description 850.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin King • Marcus & Millichap
Bought with Chris Baumann • EXCELLENCE RE REAL ESTATE

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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