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Maywood, CA 90270,5601 Fishburn AVE
Maywood, CA 90270,5601 Fishburn AVE
Maywood, CA 90270,5601 Fishburn AVE
$2,000,000
Est. payment /mo
$2,825,000
29.2%
Est.Price: ?

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18 Beds
14 Baths
7,948 SqFt
SOLD DATE : 08/16/2024

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

Bedrooms 18

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

Exterior

Parking Features Uncovered

Garage Spaces 12.0

Garage Description 12.0

Building

Story 2

New Construction No

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jonathan Weir • Marcus & Millichap
Bought with Jonathan Weir • Marcus & Millichap
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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