3538 E 56th Street, Maywood, CA 90270
3538 E 56th Street, Maywood, CA 90270
3538 E 56th Street, Maywood, CA 90270
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$1,095,000
Est. payment /mo
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1 Bed
1 Bath
9,253 Sqft Lot
Open 11/9 8AM-9AM

3538 E 56th Street Maywood, CA 90270

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

Open House

Mon Nov 09, 8:00am - 9:00am

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26240107

Bedrooms 1

Lot Size 9,253 Sqft

Property Sub-Type Res Income 2-4 Units

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

Location

State CA

County Los Angeles

Zoning Public Rec

Direction On E Slauson Ave, make a right on Maywood Ave, then a right on E 56th Street to arrive at destination.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 6311022030

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

MLS Router / San Diego MLS
Listed by Michael Gomez, DRE#02112209 Golden Feather Investments, Inc 

NEARBY SCHOOL & BUSINESS

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Kurt Wannebo

Kurt Wannebo

Broker Associate CA Dre# 01468255

+1(858) 405-5878

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3538 E 56th Street

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