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11520 Adco Ave, Downey, CA 90241
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11520 Adco Ave Downey, CA 90241

$1,300,000 Sold Price as of 01/09/2023
  • 8 Beds
  • 4 Baths
  • 3,249 Sq.Ft.
Sold
$1,300,000 Sold Price as of 01/09/2023 Refinance Your Mortgage
Map preview of 11520 Adco Ave, Downey, CA 90241

Property Overview: 11520 Adco Ave Downey, CA has 8 bedrooms, 4 bathrooms, 3,249 living square feet and 7,265 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Co-listed by Ryan Gonzalez | BRE #01874815 | Marcus & Millichap
Last checked: 55 seconds ago | Last updated: January 9th, 2023 | Source CRMLS | DOM: 92

Home details

Lot Sq. Ft
7,265
HOA Dues
$0/mo
Year built
1956
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22205620
City
Downey
County
Los Angeles
Time on Site
606 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,685
  • Total Rent: $6,739
  • Pro Forma/Market Rent: $2,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $80,868
  • Net Operating Income: $51,363
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $30,079
  • Electric: $850
  • Gas/Fuel: $850
  • New Taxes: $16,875
  • Trash: $850
  • Insurance: $1,462
  • Water/Sewer: $850

Property Details for 11520 Adco Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 6231003008
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: SE on CA-42, turn right on Old School Rd, Rt on Neo St, Rt on Adco
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Downey Agent

Sale History for 11520 Adco Ave

Last sold for $1,300,000 on January 9th, 2023

  • January, 2023

  • Jan 9, 2023

    Date

    Sold

    CRMLS: PW22205620

    $1,300,000

    Price

  • Sep 21, 2022

    Date

    Active

    CRMLS: PW22205620

    $1,450,000

    Price

Tax History for 11520 Adco Ave

Assessed Value (2020): $433,096
Year Land Value Improved Value Assessed Value
2020 $184,296 $248,800 $433,096

Home Value Compared to the Market

This property vs the competition

11520 Adco Ave sold on January 9, 2023 for 47.54% higher than the current median sold price for the city of Downey which is $915,000. The median sold price per/sqft for Downey is $533 and this home is sold at $415.51 per/sqft which puts the price per square foot 22.04% lower than the current median sale per square foot for the city of Downey.

About 11520 Adco Ave

Detailed summary of property

11520 Adco Ave is a multi family that recently sold in Downey, CA 90241. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,249 living square feet, and sits on an approximately 7,265 square foot lot. 11520 Adco Ave was first listed on ArdentRealEstateGroup.com on September 21, 2022. The homeowner sold the property for $1,300,000. Home in Downey are selling for a median price of $915,000 and a median price per square foot of $533. Based on Ardent Real Estate Group's Downey Market Data, this home is sold 47.54% higher than the current median priced home. Local homes that are currently for sale include 381 Amalia Ave, 5847 Cherry Ave and 1915 Nadeau St. While the average home in Downey, CA is selling in 47 days, 11520 Adco Ave has a days on market of 92 days. There are currently 91 homes for sale in the Downey real estate market and 79 of them are single family homes while 5 of them are condos and 7 are townhomes. For more information on this home for sale at 11520 Adco Ave Downey, CA 90241 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 11520 Adco Ave

Public county record property details
Beds
8
Baths
4
Year built
1956
Sq. Ft.
3,249
Lot Size
7,264
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
6231-003-008

The source for these homes facts are from public records.

90241 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$905,000
Median List Price/Sq.Ft.
$511
Median Sold Price
$1,220,000
Median Sold Price/Sq.Ft.
$585
Total Inventory
42
Median Sale to List Price %
101.75%
Avg Days on Market
15
Loan Type
Conventional (70%), FHA (0%), VA (10%), Cash (20%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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