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.
8,616 Sq Ft
0.332 Private Acres Lot Size
Investment
Built in 1956
MLS/Listing ID 25608361
2 Stories
16 Units
Carpet
Cooling - Window Units
Laminate
Tile
Parking - Uncovered
Composition
Shingle

Source of Data: THE MLS
TOTAL MONTHLY COST
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