3703 54Th St, Maywood, CA 90270
4 Unit Apartment Building | $950,000 ($237,500/Unit) | 4.34% Cap Rate | Maywood, CA 90270
For Sale
Active
9 pictures
Asking Price $950,000
- Property Type
-
Multifamily
- Square Feet
- 2,136 SF
Listing Contacts
Juan Cardenas
Nicholas Petrosian
Property Overview
The subject property consists of a detached 2-bedroom / 1-bathroom home and a two-story triplex. The triplex contains (2) 1-bedroom / 1-bath units and (1) single apartment. There are 4 garages. The property is of Class D (wood frame and stucco) construction and was built in 1949. It is individually metered for both gas and electricity and master-metered for water. The SFR recently had all the windows replaced and a some of the windows in the triplex were also replaced. The entire property was painted in August 2024. The property has great curbside appeal and is in good condition. The buildings total 2,136 square feet and sit on a 6,075 square foot corner lot (NE Corner of E 54th Street and Loma Vista Street). This property is perfect for an owner / user that can occupy the 2-bedroom house and collect income from the other units, or for a local investor.
Maywood City Council adopted a rent stabilization ordinance September 22, 2023 that limits annual rent increases for residential rental properties to just 4% or the change in the Consumer Price Index (CPI), whichever is less Exemptions from this limitation include multifamily rental units built on or after February 1, 1995, single-family homes and condominiums. This year (2024-2025) the maximum rent increase will be based off the current Consumer Price Index of 3.9% as of July 1, 2024.
Maywood City Council adopted a rent stabilization ordinance September 22, 2023 that limits annual rent increases for residential rental properties to just 4% or the change in the Consumer Price Index (CPI), whichever is less Exemptions from this limitation include multifamily rental units built on or after February 1, 1995, single-family homes and condominiums. This year (2024-2025) the maximum rent increase will be based off the current Consumer Price Index of 3.9% as of July 1, 2024.
Property Details
- Year Built
- 1949
- Stories
- 2
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 4
Highlights
- EXCELLENT RENTAL LOCATION
- 2-BEDROOM / 1-BATH HOUSE PLUS TRIPLEX
- PERFECT FOR OWNER / USER - LIVE IN 2-BEDROOM SFR AND COLLECT INCOME FROM TRIPLEX
- GARAGE PARKING
- RECENT REHAB INCLUDING EXTERIOR PAINT
- OPPORTUNITY TO ADD VALUE
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