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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
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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Bought with Jonathan Weir • Marcus & Millichap