Downey CA  home offered at $1,350,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

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11520 Adco Avenue
Downey, California CA 90241-4165
Sold For: $1,300,000
Listing ID: PW22205620
Price/SqFt: $400.12
Status: Closed
Sold Date: 1/09/2023
SqFt: 3,249 Sq Ft
Acres: 0.167 Acres
Year Built: 1956

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.

Primary Features

County: Los Angeles
Price Reduction Date: 2022-11-15T00:39:58+00:00
Price/SqFt: 400.12
Property Type: Residential Income
Year Built: 1956
Zoning: DOR3*

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Garage Spaces: 4
Laundry: no
Laundry Features: None
Levels: One
Stories Total: 1

External

Lot Features: 2-5 Units/Acre
Lot Size Area: 7265
Lot Size Source: Assessor
Lot Size Square Feet: 7265
Number Of Buildings: 1
Parking Total: 8
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
Uncovered Spaces: 4
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: D4 - Southeast Downey, S of Firestone, E of Downey

Additional

Additional Parcels: no
Co List Agent State License: 01874815
Co List Office State License: 00530854
Community Features: Curbs, Sidewalks
Days On Market: 92
List Agent State License: 01158184
List Office State License: 00530854
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 1
Number Of Separate Gas Meters: 1
Number Of Separate Water Meters: 1
Number Of Units Total: 4
Parcel Number: 6231003008
Senior Community: no
Year Built Source: Assessor

Financial

Electric Expense: 850
Fuel Expense: 850
Gross Scheduled Income: 80868
Insurance Expense: 1462
Land Lease: no
Net Operating Income: 51363
New Taxes Expense: 16875
Operating Expense: 30079
Price Per Unit: 337500
Rent Control: no
Special Listing Conditions: Standard
Tax Census Tract: 5514.01
Tax Lot: 37
Tax Tract Number: 16372
Total Expenses: 30079
Trash Expense: 850
Water Sewer Expense: 850

Zoning Info


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Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listed by: KevinKing, DRE #01158184 from Marcus & Millichap

Contact - Listing ID PW22205620

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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