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Residential Income - 5113 E 60th Place, Maywood, CA

$1,425,000

5113 E 60th Place, Maywood, CA

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Description

Price Reduced by $70,000..WOW First time on the market in 30 years! 5113 E. 60th Place presents a rare opportunity to acquire a renovated six unit apartment in the heart of Maywood, offering a true pride of ownership asset that has been extensively upgraded throughout and positioned as a value-add investment with minimal near term capital needs. The property features a well-balanced unit mix of one 3 bedroom 2 bathroom unit and five 2 bedroom 1 bathroom units within a two story building that has undergone significant system and exterior improvements, including a new roof, upgraded electrical systems with a new main panel and interior sub panels, fresh exterior paint, resurfaced magnesite balconies, upgraded code compliant handrails, completed SB 721 balcony inspection, and an on-site laundry facility, and is further enhanced by seven covered carport parking spaces and overall low deferred maintenance, making it a stabilized and well-positioned asset in a strong rental market.

Property details

Year built
1964
Property type
Residential Income
Lot size
6,741 sqft

Location

5113 E 60th Place • Maywood, CA 90270

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Listed by

Victor Ambriz Jr · Century 21 Allstars

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