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$ 1,795,000
Est. payment | /mo
6,294 SqFt
$ 1,795,000
Est. payment | /mo
6,294 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,294 sqft
Price per Sqft $285
MLS Listing ID CL26661187
HOA Y/N No
Year Built 1964
Lot Size 9,173 Sqft
Acres 0.2106
Property Sub-Type Other
Property Description
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 $1,795,000 and operates at a 6.12% cap rate and 9.99 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.
Location
State CA
County Los Angeles
Zoning MYR3YY
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 6316004021

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Listed by Nicholas Petrosian • Remax Commercial and Investment Realty
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