
Courtesy of: Nicholas Petrosian, Remax Commercial and Investment Realty, npetrosian@remaxcir.com
$1,950,000
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15 bed
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7.00 Bath (3 Full)
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Lot: 0.21 Acres
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Other
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$1,950,000
6048 King Ave 6048 King Avenue is a 7-unit apartment building located in the City of Maywood. Built in 1964, the property sits on a 9, 173 square foot lot and contains approximately 6, 294 square feet of building space. The building features a strong unit mix of one 3-bedroom/ 1.5-bath unit (currently utilized as a 4-bedroom without permits) and six 2-bedroom / 1-bath units, offering larger bedroom-count units than the one-bedroom dominated inventory common in many small apartment buildings. The offering is priced at $1, 950, 000 and operates at a 5.52% cap rate and 10.86 GRM based on current income. The property also includes detached carport parking, on-site laundry facilities, and a recently painted exterior, making it a well-maintained asset in a high-demand Maywood rental market.
Courtesy of: Nicholas Petrosian, Remax Commercial and Investment Realty, npetrosian@remaxcir.com
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