$1,950,000
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 consisting of one 4-bedroom / 1.5-bath unit and six 2-bedroom / 1-bath units, a layout that provides larger bedroom-count units compared to the one-bedroom dominated inventory common in many small apartment buildings. The offering is priced at $1,950,000 and operates at a 5.31% cap rate and 10.86 GRM based on current income, with remaining upside in the rental 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.
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Listed by Nicholas Petrosian with Remax Commercial and Investment Realty (213) 817-1000
Property Type
Residential Income
Status
Active
MLS Number
26661187
Year Built
1964
Lot Size
9,174 sq ft