Maywood, CA 90270,5601 Fishburn AVE
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Maywood, CA 90270,5601 Fishburn AVE
Maywood, CA 90270,5601 Fishburn AVE
Maywood, CA 90270,5601 Fishburn AVE
Maywood, CA 90270,5601 Fishburn AVE

$2,000,000

Est. payment /mo

$2,825,000

29.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

5601 Fishburn AVE Maywood, CA 90270

18 Beds

14 Baths

7,948 SqFt

SOLD DATE : 08/16/2024

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

Sold Date 08/16/24

Bedrooms 18

HOA Y/N No

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

Fireplace No

Appliance Microwave

Exterior

Parking Features Uncovered

Garage Spaces 12.0

Garage Description 12.0

Attached Garage No

Total Parking Spaces 24

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6312018001

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jonathan Weir • Marcus & Millichap
Bought with Jonathan Weir • Marcus & Millichap

Samuel Park

Broker | License ID: 02071979

+1(909) 310-5105

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