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    5517 Loma Vista Avenue

    Maywood, CA 90270
    • $810,000
    • STATUS: Active Under Contract
    • ON SITE: 72 days
    • ID#: PW20143136
    Under Contract
    UPDATED: 30 min ago
    $810,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,848
      SQFT
    • $438
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    5517 Loma Vista Avenue is a fourplex with excellent cash flow on current rents and potential upside in Maywood, California. The property is well-located in Maywood, a majority-renter submarket with low vacancy rates, two blocks north of Loma Vista Avenue Elementary.5517 Loma Vista Avenue consists of a 1949 construction fourplex with four one-bedroom units that are separately metered for gas and electricity. The property also offers three single-car garages, one surface parking space, and a laundry room that is not currently in use. Three of the units have been completely renovated with modern finishes, and two units have new A/C mini split units. Additional substantial recent improvements include a new electric meter and subpanel, updated plumbing, new gas lines, and new windows.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-01T18:30:01.95. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

    www.playavistaliving.com/homes/108037135
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    5517 Loma Vista Avenue Maywood, CA 90270

    • Price: $810,000
    • Status: Active Under Contract
    • Updated: 30 min ago
    • ID#: PW20143136
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,848
    SQFT
    $438
    $/SQFT
    1949
    Built
    Neighborhood:
    T6 - Maywood, Bell
    County:
    Los Angeles
    Area:
    T6 - Maywood, Bell
    Property Description
    5517 Loma Vista Avenue is a fourplex with excellent cash flow on current rents and potential upside in Maywood, California. The property is well-located in Maywood, a majority-renter submarket with low vacancy rates, two blocks north of Loma Vista Avenue Elementary.5517 Loma Vista Avenue consists of a 1949 construction fourplex with four one-bedroom units that are separately metered for gas and electricity. The property also offers three single-car garages, one surface parking space, and a laundry room that is not currently in use. Three of the units have been completely renovated with modern finishes, and two units have new A/C mini split units. Additional substantial recent improvements include a new electric meter and subpanel, updated plumbing, new gas lines, and new windows.
    Exterior Features

    Garage Spaces 3.00 Lot Features Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 1.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.50 Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 65100.00 Gross Multiplier 12.44 Gross Scheduled Income 65100.00 Insurance Expense 0.00 Land Lease YN No Laundry YN No Net Operating Income 44571.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Operating Expense 18576.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 18576.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Myr3yy

    Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker and David O'keefe of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-01T18:30:01.95. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

     
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