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Natalie Elenes

natalie.elenes@exprealty.com +1(805) 612-7149

$1,095,000

Est. payment - /mo

9,252 Sqft Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26240107

HOA Y/N No

Year Built 1953

Lot Size 9,252 Sqft

Property Sub-Type Apartment

Property Description

Golden Feather Investments, Inc. is proud to exclusively present 3538 East 56th Street, an attractive multifamily investment opportunity in Maywood, California. Situated on a 9,253 SF lot, this well maintained property features five fully occupied 1 bedroom, 1 bathroom units totaling approximately 3,000 SF.

The property offers five single car garages, 10 total parking spaces, gated entry, and on site laundry. Additional income is generated through parking, laundry, and pet fees. Gas and electricity are separately metered. Currently producing a 5.42% cap rate and an 11.69 GRM, the property offers approximately 17% rental upside, subject to the City of Maywood Rent Ordinance No. 23-07.

A major value add feature is the potential to convert the existing garage space into a 2 bedroom, 2 bathroom ADU. This opportunity could add another income producing unit and further enhance the property's earning potential. Buyers must independently verify ADU feasibility, zoning, parking, building requirements, and permitting with the City of Maywood. Any improvements are subject to applicable approvals.

Located approximately seven miles southeast of Downtown Los Angeles, Maywood is a densely populated, predominantly renter occupied community with established housing demand. The property offers convenient access to the I-710 freeway, industrial and freight employment centers, and employment hubs throughout Southeast Los Angeles County. Nearby amenities include Maywood Towne Center, Maywood Village Square, and K Plaza.

3538 East 56th Street offers investors the opportunity to acquire an income producing asset with multiple revenue streams, rental upside, substantial parking, and ADU potential. Its combination of existing cash flow and value add possibilities makes this an exciting opportunity in an established Los Angeles County rental market.

Do not disturb tenants. Do not visit the property without a scheduled appointment through the listing agent. All showings and property inquiries must be coordinated with the listing agent.

Location

State CA

County Los Angeles

Area T6 - Maywood, Bell

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Park, Storm Drain(s), Street Lights, Sidewalks

Total Parking Spaces 15

Private Pool No

Building

Lot Description Level, Near Public Transit, Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6311022030

Energy Description 252.0

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition Standard

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Listed by Michael Gomez Golden Feather Investments, Inc 562-805-5267, DRE #02112209

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3538 E 56th ST Maywood, CA 90270