NEW PRICE! 6.32% Current CAP Rate, 11.31 GRM! We are proud to exclusively offer for sale this 9 unit multi-family residential investment property located in the city of Maywood. This multi-family residential property comprises 9 units spread across four separate structures, one detached cottage, two single-story triplexes, and one 2-story duplex, all of which are well-maintained and provide tenants with essential amenities such as onsite garage parking and interior laundry hookups. The unit mix is comprised of one 3-Bedroom/1-Bathroom detached cottage, six 2-Bedroom/1-Bathroom units, and two 1-Bedroom/1-bathroom units. The total rentable square footage is 6,427 sqft and is situated on a large 17,384 sqft lot.
Investors will appreciate the solid in place CAP rate and aggressive GRM. Its prime location offers tenants convenience, being within walking distance to major shopping centers, public transportation, and schools, enhancing its rental appeal.
The income description goes here to explain
List Price | $2,350,000 |
Property Type | Condo/Co-Op |
Usable Sqft | Unknown |
Number of Stories | 2 stories |
Parking Spots | 10 spots |
Year Built | 1929 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 6311018017 |
MLS # | CV24153706 |
Property ID | 292133983 |
Lot Sqft | 17,384 |
Zoning | MYR3YY |
Total Units | 9 |
Days on Market | 183 |
Original List Price | $2,475,000 |
Date Updated | November 13, 2024 |
Date Created | July 26, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $17,252 | $0 |
Net Income (Yr) | $ 148,484 |
Cap Rate | 6.32% |
Kristopher German an agent of . Lic #01800021
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Robert Crawford
REAL ESTATE AGENT