For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Chris Baumann • EXCELLENCE RE REAL ESTATE