Downey, CA 90241,11520 Adco Avenue
Downey, CA 90241,11520 Adco Avenue
Downey, CA 90241,11520 Adco Avenue
$1,300,000
Est. payment /mo
$1,350,000
3.7%
Est.Price: ?

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2 Beds
1 Bath
7,265 Sqft Lot
SOLD DATE : 01/09/2023

Key Details

Sold Price $1,300,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW22205620

Sold Date 01/09/23

Bedrooms 2

HOA Y/N No

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 propertys 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 investors portfolio. This is a trust sale, and will be subject to approval by all trustees, please inquire with the listing agent for further details.
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 propertys 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 investors 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 Downey (90241)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Monthly Total Fees $82

Acceptable Financing Cash, Exchange

Space Rent $1,685

Listing Terms Cash, Exchange

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Kevin King • Marcus & Millichap
Bought with Chris Baumann • EXCELLENCE RE REAL ESTATE
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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