CA > Maywood
Maywood, CA 90270,5503 Maywood AVE
Maywood, CA 90270,5503 Maywood AVE
Maywood, CA 90270,5503 Maywood AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
6
Sep
Sun
7
Sep
Mon
8
Sep
The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,500,000
Est. payment /mo
59 Beds
29 Baths
22,520 SqFt
Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 22,520 sqft

Price per Sqft $244

MLS Listing ID 25587535

Bedrooms 59

HOA Y/N No

Year Built 1963

Lot Size 0.689 Acres

Property Description

5503 Maywood Avenue is a unique 28-unit multifamily investment opportunity located in the high-demand Southeast Los Angeles submarket of Maywood. The property features an excellent unit mix comprised of twenty-seven (27) 2-bed/1-bath apartments, built in 1963, plus one (1) detached 5-bed/2-bath single-family residence built in 1923.Offered at a compelling 9.03 GRM and 5.82% Cap Rate on current income, this asset presents both immediate cash flow and long-term upside with projected market metrics of 7.06 GRM and 8.53% Cap Rate. All units are master-metered for gas, electricity, and water, with the exception of the single-family home. The front house will be leased back to the current owner at $3,500/month for a 6-year term, and the buyer will receive an $84,000 rent credit at close of escrow to offset the first 24 months. The on-site laundry room is not currently in use, offering additional upside for future income generation. The property includes (27) open parking spaces and (1) 2-car garage, and is subject to the City of Maywood Rent Stabilization Ordinance.

Location

State CA

County Los Angeles

Area T6 - Maywood, Bell

Zoning MYM1*

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Door-Multi, Garage, One Space

Garage Spaces 2.0

Garage Description 2.0

Total Parking Spaces 29

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6311026015

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Nicholas Petrosian Remax Commercial and Investment Realty

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
 
Serving Southern California

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

There are 30 quick searches
 
Serving Arizona
Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations
More