5601 Fishburn Avenue, Maywood, CA 90270
Property
Sold August 2024
Listing Agent: Jonathan Weir (DRE #02038545) · Listing Office: Marcus & Millichap · Contact: 424-405-3900 · Bought with: Jonathan Weir · Marcus & Millichap · MLS #24397495 · Source: CRMLS
About this property
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.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history