Updated Dec 21, 2023
Stepp Commercial Represents Sale Of Downey Multifamily Property For $3.95M
11506 Adco Avenue, Downey, CA 90241, USA
$3,950,000
$272/SF
Building Size
14,489 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
About this deal
AI
Located in Downey, the multifamily property at 11502-11506 Adco Avenue has been sold for a price of $3,950,000. The transaction took place on October 28, 2021. The property consists of 16 units, resulting in a price per unit of $246,875.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Address: 11502-11506 Adco Avenue
- Market: Downey
The sale was facilitated by Mark Ventre and Darin Beebower from Stepp Commercial. They represented the buyer and/or seller in this deal.
The multifamily sale at 11506 Adco Avenue, Downey, CA 90241, USA in Downey, California sold for $4M in 2021. Reported inventory is 14,489 square feet across 16 units, or about 272 per square foot. Mark Ventre, Darin Beebower, Kidder Mathews appear on the sale alongside Kidder Mathews. This page is the Downey, California file for the 11506 Adco Avenue, Downey, CA 90241, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Downey sit in the Market section below. Filter that Downey multifamily set by closing date to see what else sold near 11506 Adco Avenue, Downey, CA 90241, USA around 2021. Published consideration for 11506 Adco Avenue, Downey, CA 90241, USA is $4M, dated 2021. Cite this Stepp Commercial Represents Sale Of Downey Multifamily Property For $3.95M sale when underwriting similar multifamily product around Downey, California.
Players
Downey MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93