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
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.
Players
Downey MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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