NOT LISTED FOR SALE

6142 Palm Ave Maywood, CA 90270

5 Beds
4 Baths
4,911 Sq Ft
7,877 Sq Ft Lot

Last Sold November 30, 2018

Last sale price $1,550,000 $316 Per Sq Ft

40 Days on Market

Highlights

  • Laundry Room
  • Bell High School Rated A-
  • Level Lot

About This Home

As of November 2018

Great 8 unit property in the City of Maywood. CAP Rate is at 4.7% at current sale price. Each unit has their own parking spot and has community laundry. Low maintenance buildings! Potential upside on rental income especially for the single bedroom units.Current owner has given a small increased scheduled in October. Property shares driveway with neighboring apartment building. Feel free to DRIVE BY ONLY. Do not disturb tenants as they are unaware of sale.

Last Listed By

Chris Zhou

MILANO REALTY License #01963075 Listed on: 08/15/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,877 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 2 Car Garage
  • 6 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 4,911 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1896
  • Tax Tract Number 4384
  • Assessor Parcel Number 6315013010

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Insurance Expense $2,000
  • Maintenance Expense $1,200
  • Trash Expense $1,836
  • Water Sewer Expense $3,840
  • New Taxes Expense $20,000
  • Operating Expense $29,436
  • Gross Income $108,240
  • Net Operating Income $75,204

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.70
  • Other Phone Description: 6268220968
  • Price Per Unit: 199375
  • Property Attached: Yes
  • Water Sewer Expenses: 3840.00
  • Zoning: MYR3*
  • Property Type: Residential Income
  • Parcel Number: 6315013010
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 315.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1836.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7877.00
  • Lot Size Acres: 0.1808

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 108240.00
  • Gross Scheduled Income: 104640.00
  • Insurance Expense: 2000.00
  • Laundry Income: 3600.00
  • Lot Size Area: 7877.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 75204.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 29436.00
  • Rent Control: No
  • Total Actual Rent: 8720.00
  • Total Expenses: 29436.00

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Census Tract: 5337.03
  • Tax Lot: 1896
  • Tax Tract Number: 4384

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $1,550,000 -2.8% $316 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
08/15/2018 08/15/18 For Sale $1,595,000 +77.2% $325 / Sq Ft
05/08/2013 05/08/13 Sold $900,000 +0.1% $183 / Sq Ft
03/18/2013 03/18/13 Pending -- -- --
03/13/2013 03/13/13 For Sale $899,000 -- $183 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18198603

California Regional Multiple Listing Service (CRMLS)