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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.
| DAYS ON MARKET | 151 | LAST UPDATED | 1/22/2026 |
|---|---|---|---|
| YEAR BUILT | 1956 | COMMUNITY | D3 - Southwest Downey, S of Firestone, W of Downey |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Jan 22, '26 | $4,500,000 |
|---|---|
| Jan 22, '26 - Today | $4,300,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Refrigerator |
| AREA | D3 - Southwest Downey, S of Firestone, W of Downey |
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| LOT | 0.3326 acre(s) |
| LOT DIMENSIONS | 14489 |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/20/26 1:32 AM PDT and /or other sources. 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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