11502 11506 Adco Avenue Downey, CA ^$ 4,500,000

11502 11506 Adco Avenue

^$ 4,500,000

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11502 11506 Adco Avenue

Downey, CA, 90241

^$ 4,500,000

Bedrooms16 Baths16.0 Sq 8,616

Monthly Estimate*

^$ 28,074

Listed by Lyon Stahl Investment Real Estate, Inc.

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Multi-Family Home for sale in Downey, CA

for $4,500,000 with 16 bedrooms and 16 full baths. This 8,616 square foot home was built in 1956 on a lot size of 0.3326.

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.

Multi-Family Active

Price

^$ 4,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.3326

Year Built

1956

Town/City

Downey

County/Region

Los Angeles

MLS | Web ID

25608361

Days on Market

Features

General

Living Area 8616

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Roof Composition Shingle

Appliances Disposal Refrigerator

Zoning DOR3*

Security Features Gated Community

Construction Materials Stucco

Year Built 1956

View None

Stories Count 2

Levels Two

Gross Income 379090

Community Features Gated

County Los Angeles

Net Operating Income 234522

New Construction 0

Property Type Residential Income

HOA 0

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions Three blocks from the intersection of Old River School Rd and Firestone Blvd off of Neo St.

City Downey

Senior Community Y/N 0

Open Parking Spaces 16

Number Of Units Total 16

MLS Area D3 - Southwest Downey S of Firestone W of Downey

Lot Size Units Square Feet

Lot Size Square Feet 14489

Property Condition Updated/Remodeled

Additional Parcels Y/N 1

Rent Control Y/N 0

Standard Status Active

Cap Rate 5.21

Interior

Flooring Carpet Tile

Total Stories 2

Air Conditioning Y/N 1

Heating Y/N 1

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Laundry Features Common Area

Total Bedrooms 16

Total Baths 16

Exterior

Parking Features Uncovered

Total Parking 16

Lot Size Area 14489

Number of Buildings 2

Building Area Total 8616

Lot Size Acres 0.3326

Lot Size Source Estimated

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

mark.ventre@lyonstahl.com

Affordability Calculator

$28,074

Per Month

Monthly Principal & Interest: $28,074
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Downey, CA

Average List Price ^$2,551,000

Percent of Sale Price 43%

About Downey, CA

112,576 Population

5% Since 2002

^$66,810 Median Income

35.34 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$4,500,000		Listed Price

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11502 11506 Adco Avenue, Downey, CA, 90241 is a Multi-Family Home for sale at $4,500,000 with 8,616 sqft and a lot size of 0.3326. 11502 11506 Adco Avenue has 16 bedrooms, 16.0 baths, and was built in 1956. The property's zip code is 90241 which is in Downey, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/23/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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11502 11506 Adco Avenue

Multi-Family Home for sale in Downey, CA

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