Maywood, CA 90270,5503 Maywood AVE
Maywood, CA 90270,5503 Maywood AVE
Maywood, CA 90270,5503 Maywood AVE
Maywood, CA 90270,5503 Maywood AVE
Maywood, CA 90270,5503 Maywood AVE
Maywood, CA 90270,5503 Maywood AVE
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$4,950,000

$5,500,000

10.0%
Est.Price: ?

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Est. payment /mo

59 Beds

29 Baths

22,520 SqFt


SOLD DATE : 12/05/2025

Key Details

Sold Price $4,950,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 22,520 sqft

Price per Sqft $219

MLS Listing ID 25587535

Sold Date 12/05/25

Bedrooms 59

HOA Y/N No

Year Built 1963

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 T6 - Maywood, Bell

Zoning MYM1*

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Door-Multi, Garage, One Space

Garage Spaces 2.0

Garage Description 2.0

Total Parking Spaces 29

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6311026015

Special Listing Condition Standard

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CRMLS – RECore
Listed by Nicholas Petrosian Remax Commercial and Investment Realty
Bought with Nicholas Petrosian Remax Commercial and Investment Realty
Emma Verhoeven

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