6048 King Ave - Apartments FOR SALE


Maywood, CA 90270
$1,950,000 USD
949-607-7096
6048 King Ave, Maywood, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/8
null | 5.52% Cap Rate

6048 King Ave
Maywood, CA 90270


HIGHLIGHTS

  • Excellent Unit Mix: (1) 3-Bed / 1.5-Bath Unit and (6) 2-Bed / 1-Bath Units (3-Bed currently utilized as 4-Bed without permits)
  • 5.52% cap rate and 10.86 GRM based on current income
  • On-Site Laundry Facility available for residents
  • Recently Painted Exterior providing strong curb appeal
  • Individually Metered for Gas and Electricity allowing tenants to pay their own utilities

OVERVIEW

6048 King Avenue is a 7-unit apartment building located in the City of Maywood. Built in 1964, the property sits on a 9,173 square foot lot and contains approximately 6,294 square feet of building space. The building features a strong unit mix of one 3-bedroom/ 1.5-bath unit (currently utilized as a 4-bedroom without permits) and six 2-bedroom / 1-bath units, offering larger bedroom-count units than the one-bedroom dominated inventory common in many small apartment buildings. The offering is priced at $1,950,000 and operates at a 5.52% cap rate and 10.86 GRM based on current income. The property also includes detached carport parking, on-site laundry facilities, and a recently painted exterior, making it a well-maintained asset in a high-demand Maywood rental market.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

7

PRICE/UNIT

$278,571

CAP RATE

5.52%

% 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

1964

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,086 SF

ZONING

MYR3YY

APN/PARCEL ID

6316-004-021

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 Notice.