5601 FISHBURN AVE MAYWOOD, CA 90270

Features

• Price/sqft: $355
• Lot Size: 0.4443 acres
• Total Units: 14
• Construction Type: Wood

Facts

• Year Built: 01/01/1926
• Property ID: 888782608
• MLS Number: 24397495
• Parcel Number: 6312-018-001
• Property Type: Townhouse or Condo
• County: Los Angeles
• Legal Description: TRACT # 3648 LOT/SEC1278
• Zoning: MYR3YY

Description

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

This listing is NOT a foreclosure. 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.