CA > Maywood
Maywood, CA 90270,5503 Maywood Ave
Maywood, CA 90270,5503 Maywood Ave
Maywood, CA 90270,5503 Maywood Ave
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$5,500,000
Est. payment /mo
59 Beds
29 Baths
22,520 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 22,520 sqft

Price per Sqft $244

MLS Listing ID 25587535

Bedrooms 59

Year Built 1963

Lot Size 0.689 Acres

Acres 0.6892

Property Sub-Type Multi-Family

Property Description

5503 Maywood Avenue is a unique 28-unit multifamily investment opportunity located in the high-demand Southeast Los Angeles submarket of Maywood. The property features an excellent unit mix comprised of twenty-seven (27) 2-bed/1-bath apartments, built in 1963, plus one (1) detached 5-bed/2-bath single-family residence built in 1923.Offered at a compelling 9.03 GRM and 5.82% Cap Rate on current income, this asset presents both immediate cash flow and long-term upside with projected market metrics of 7.06 GRM and 8.53% Cap Rate. All units are master-metered for gas, electricity, and water, with the exception of the single-family home. The front house will be leased back to the current owner at $3,500/month for a 6-year term, and the buyer will receive an $84,000 rent credit at close of escrow to offset the first 24 months. The on-site laundry room is not currently in use, offering additional upside for future income generation. The property includes (27) open parking spaces and (1) 2-car garage, and is subject to the City of Maywood Rent Stabilization Ordinance.

Location

State CA

County Los Angeles

Area Maywood, Bell

Zoning MYM1*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Garage - 2 Car, Garage Is Attached, Parking Space

Garage Spaces 29.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

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Kirshner Elkin Properties

+1(424) 214-0133

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