5503-5509 Maywood Ave - Apartments FOR SALE


Maywood, CA 90270
$5,500,000 USD
949-607-7096
5503-5509 Maywood Ave, Maywood, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/12
null | 5.82% Cap Rate

5503-5509 Maywood Ave
Maywood, CA 90270


HIGHLIGHTS

  • Priced at $196,429 per Unit & $244.23 per SF
  • (27) 2-Bed / 1-Bath & (1) 5-Bed / 2-Bath SFR
  • 9.03 GRM & 5.82 Cap Rate on Current Income
  • Front House to be Leased Back at $3,500/Month (6-Year Term); $84,000 Buyer Rent Credit at Close of Escrow to Offset First 24 Months
  • Subject to City of Maywood Rent Stabilization Ordinance
  • Upside Potential with On-Site Laundry (Currently Not in Use)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

28

PRICE/UNIT

$196,429

CAP RATE

5.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,022 SF

ZONING

MYM1*

APN/PARCEL ID

6311-026-015

ASK ABOUT THIS PROPERTY

Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.