NOT LISTED FOR SALE

11502 Adco Ave Downey, CA 90241

16 Beds
16 Baths
8,616 Sq Ft
0.33 Acres

Last Sold October 06, 2021

Last sale price $3,950,000 $458 Per Sq Ft

118 Days on Market

About This Home

As of October 2021

Nestled on a quiet residential cul-de-sac in the high demand rental market of Downey, 11502-11506 Adco Ave., is near the major thoroughfare of Old River School Rd. and Firestone Blvd. within walking steps to many restaurants, shops, and retailers Over $285,000 capital improvements completed on exterior and unit interiors. 13 of the 16 units have been renovated including new kitchen granite countertops, ceiling fans and new flooring in select units.

Last Agent to Sell the Property

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961 Listed on: 06/10/2021

Last Buyer's Agent

Mark Ventre

Lyon Stahl Investment Real Estate, Inc. License #01811490

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.33 Acre Lot

Interior Spaces

  • 8,616 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Community Details

  • 2 Buildings
  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 6231-003-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 8616
  • Lot Acreage: 0.3320
  • Stories: 2
  • Year Built: 1956
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 16.00
  • Price Per S Q F T: 470.06

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 16
  • Parking Garage: Uncovered
  • Total Parking: 16

Lot Info

  • Assessed Improvement Percent: 49.85
  • Assessed Improvement Value: 879138
  • Assessed Land Percent: 50.15
  • Assessed Land Value: 884340
  • Total Assessed Value: 1763478
  • Assessor Parcel Number: 6231-003-004
  • Lot Size Area: 14489

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.00
  • Number Of Units: 16
  • Type Of Units: Apartments

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2021 10/06/21 Sold $3,950,000 -2.5% $458 / Sq Ft
06/10/2021 06/10/21 For Sale $4,050,000 -- $470 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $27,218 $2,095,885 $822,436 $1,273,449
2024 $26,759 $2,054,790 $806,310 $1,248,480
2023 $25,856 $2,014,500 $790,500 $1,224,000
2022 $24,582 $1,975,000 $775,000 $1,200,000
2021 $22,211 $1,781,746 $893,501 $888,245
2020 $21,895 $1,766,534 $884,340 $882,194
2019 $12,932 $969,473 $465,432 $504,041
2018 $12,616 $950,524 $456,306 $494,218
2016 $10,905 $800,575 $361,903 $438,672
2015 $10,751 $788,550 $356,467 $432,083
2014 $10,223 $773,105 $349,485 $423,620
Source: Public Records

Agents Affiliated with this Home

  • Daniel Blackwell

    Seller's Agent in 2021

    Daniel Blackwell

    CB Richard Ellis, Inc.

    (949) 423-6111

    51 Total Sales

    Daniel Blackwell
    Section Image
  • Mark Ventre

    Buyer's Agent in 2021

    Mark Ventre

    Lyon Stahl Investment Real Estate, Inc.

    (323) 202-9741

    7 Total Sales

    Mark Ventre
    Section Image
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Map

Source: The MLS

MLS Number: 21-747544

The MLS
California Los Angeles County Downey 90241

11502 Adco Ave, Downey, CA

Not Listed for Sale

MultiFamily

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