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Key Details
Sold Price $2,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,948 sqft
Price per Sqft $251
MLS Listing ID 24397495
Sold Date 08/16/24
Bedrooms 18
HOA Y/N No
Year Built 1926
Lot Size 0.444 Acres
Property Description
We are pleased to present our newest exclusive listing in Maywood. This one of a kind multifamily property situated on a large .44 acre corner lot boast14 units and estimated 50% upside in rents. The property has been in the same family since 1988 and has been well taken care of during ownership. The property has a unique charm to it both on the exterior and interior which stands out compared to the competition available to prospective tenants. There are 12uncovered parking spots with 12 additional storage/garage spots. The garages can be rented out for further income or converted into ADU's. Rents can be increased December 2024 which can increase revenues further. The property has a dedicated laundry room in which the machines are landlord owned. The property is individually metered for both gas and electric. This true value-add property is a perfect addition to any new investor or savvy investor looking to capitalize on a low basis income property with tons of potential.
Location
State CA
County Los Angeles
Area T6 - Maywood, Bell
Zoning MYR3YY
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Microwave
Exterior
Garage Uncovered
Garage Spaces 12.0
Garage Description 12.0
Parking Type Uncovered
Attached Garage No
Total Parking Spaces 24
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6312018001
Special Listing Condition Standard
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Bought with Jonathan Weir • Marcus & Millichap
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692