NOT LISTED FOR SALE

6126 King Ave Maywood, CA 90270

9 Beds
5 Baths
6,500 Sq Ft
9,354 Sq Ft Lot

Last Sold February 11, 2022

Last sale price $2,355,000 $362 Per Sq Ft

22 Days on Market

About This Home

As of February 2022

Excellent turnkey building, consists of 1. 3 Bedroom, 2 Bath Owners unit, and 6. 2 Bedroom 1 Bath units of which all are individually metered for gas and electricity. This property is located in a excellent rental area, with no local rent control. Each unit comes with 1 covered carport parking space which includes lockable storage box. Also the City of Maywood allows tenants to park additional vehicles on the street with a parking permit. This property has not traded in over 30 years, with many newer upgrads, New 100 gallon hot water heater, Cooper main line, and more.

PLEASE DO NOT DISTURBE THE TENANTS AS THE ARE NOT AWARE THAT THE PROPERTY IS FOR SALE. ALSO DO NOT WALK THE PROPERTY WITH OUT NOTIFING THE LISTING AGENT FIRST, THANK YOU FOR YOUR COOPERATION.

Last Agent to Sell the Property

John Basadre

Century 21 Jervis & Associates License #01039753 Listed on: 01/10/2022

Century 21 Jervis & Associates

Last Buyer's Agent

Juan Cardenas

Remax Commercial and Investment Realty License #01233927

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 9,354 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 6,500 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 633
  • Tax Tract Number 2989
  • Assessor Parcel Number 6316009012
  • $2,306 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,725
  • Gardener Expense $960
  • Insurance Expense $2,420
  • Trash Expense $2,660
  • Water Sewer Expense $2,989
  • Operating Expense $10,754
  • Gross Income $149,820
  • Net Operating Income $94,173

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 4.00
  • Other Phone Description: Office
  • Other Phone Ext: 215
  • Other Phone Number: 5628622226
  • Price Per Unit: 336429
  • Property Attached: Yes
  • Water Sewer Expenses: 2989.00
  • Zoning: MYR3YY
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 6316009012
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 362.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2660.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9354.00
  • Lot Size Acres: 0.2147

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1725.00
  • Gross Income: 149820.00
  • Gross Multiplier: 15.70
  • Gross Operating Income: 145325.00
  • Gross Scheduled Income: 149820.00
  • Gross Spendable Income: 145325.00
  • Insurance Expense: 2420.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 200.00
  • Lot Size Area: 9354.0000 Square Feet
  • Net Operating Income: 94173.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 51152.00
  • Operating Expense Percent: 35.20
  • Rent Control: Yes
  • Total Actual Rent: 12285.00
  • Total Expenses: 10754.00
  • Vacancy Allowance: 4495
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5337.02
  • Tax Lot: 633
  • Tax Tract Number: 2989
  • TaxOtherAnnualAssessmentAmount: 2306.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $2,355,000 0.0% $362 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $2,355,000 -- $362 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    John Basadre

    Century 21 Jervis & Associates

    (562) 706-8000

    1 in this area

    8 Total Sales

    John Basadre
    Section Image
  • Juan Cardenas

    Buyer's Agent in 2022

    Juan Cardenas

    RE/MAX

    (562) 587-5494

    1 in this area

    27 Total Sales

    Juan Cardenas
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21269519

California Regional Multiple Listing Service (CRMLS)

APN: 6316-009-012

California Los Angeles County Maywood 90270

6126 King Ave, Maywood, CA

This home is located at 6126 King Ave, Maywood, CA 90270 since 10 January 2022. This property was built in 1964. 6126 King Ave is a home located in Los Angeles County with nearby schools including Nueva Vista Elementary School, Chester W. Nimitz Middle School, and Maywood Academy High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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