Maywood, CA 90270,5503 Maywood Avenue

$4,950,000

Est. payment /mo

$5,500,000

10.0%
Est.Price: ?

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5503 Maywood Avenue Maywood, CA 90270

22,520 SqFt

SOLD DATE : 12/05/2025

Key Details

Sold Price $4,950,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 22,520 sqft

Price per Sqft $219

MLS Listing ID CL25587535

Year Built 1963

Lot Size 0.689 Acres

Property Sub-Type Other

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

Zoning MYM1

Interior

Heating Wall Furnace

Cooling None

Building

New Construction No

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Bridge MLS
Listed by Nicholas Petrosian • Remax Commercial and Investment Realty
Bought with NicholasPetrosian
Devin Ratoosh

Devin Ratoosh

Broker Associate | License ID: r01820096

+1(510) 919-5499

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