$2,000,000
$2,825,000
29.2%For more information regarding the value of a property, please contact us for a free consultation.
18 Beds
14 Baths
7,948 SqFt
SOLD DATE : 08/16/2024
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,948 sqft
Price per Sqft $251
MLS Listing ID 24-397495
Sold Date 08/16/24
Bedrooms 18
Year Built 1926
Lot Size 0.444 Acres
Acres 0.4443
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 Maywood, Bell
Zoning MYR3YY
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Range/Oven, Microwave
Exterior
Parking Features Uncovered, Garage Is Detached
Garage Spaces 24.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Marcus & Millichap
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