Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

6

Building size

4,664 sqft

Lot size

6,741 sqft

Year built

1964

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

85

MLS #

244504680

About this property

Price Reduced by $70,000..WOW First time on the market in 30 years! 5113 E. 60th Place presents a rare opportunity to acquire a renovated six unit apartment in the heart of Maywood, offering a true pride of ownership asset that has been extensively upgraded throughout and positioned as a value-add investment with minimal near term capital needs. The property features a well-balanced unit mix of one 3 bedroom 2 bathroom unit and five 2 bedroom 1 bathroom units within a two story building that has undergone significant system and exterior improvements, including a new roof, upgraded electrical systems with a new main panel and interior sub panels, fresh exterior paint, resurfaced magnesite balconies, upgraded code compliant handrails, completed SB 721 balcony inspection, and an on-site laundry facility, and is further enhanced by seven covered carport parking spaces and overall low deferred maintenance, making it a stabilized and well-positioned asset in a strong rental market.

Location

5113 E 60th Place

Maywood, Los Angeles, CA, 90270