Property Detail

Description

Golden Feather Investments, Inc. is proud to exclusively present 3538 East 56th Street, an attractive multifamily investment opportunity in Maywood, California. Situated on a 9,253 SF lot, this well maintained property features five fully occupied 1 bedroom, 1 bathroom units totaling approximately 3,000 SF. The property offers five single car garages, 10 total parking spaces, gated entry, and on site laundry. Additional income is generated through parking, laundry, and pet fees. Gas and electricity are separately metered. Currently producing a 5.42% cap rate and an 11.69 GRM, the property offers approximately 17% rental upside, subject to the City of Maywood Rent Ordinance No. 23-07. A major value add feature is the potential to convert the existing garage space into a 2 bedroom, 2 bathroom ADU. This opportunity could add another income producing unit and further enhance the property's earning potential. Buyers must independently verify ADU feasibility, zoning, parking, building requirements, and permitting with the City of Maywood. Any improvements are subject to applicable approvals. Located approximately seven miles southeast of Downtown Los Angeles, Maywood is a densely populated, predominantly renter occupied community with established housing demand. The property offers convenient access to the I-710 freeway, industrial and freight employment centers, and employment hubs throughout Southeast Los Angeles County. Nearby amenities include Maywood Towne Center, Maywood Village Square, and K Plaza. 3538 East 56th Street offers investors the opportunity to acquire an income producing asset with multiple revenue streams, rental upside, substantial parking, and ADU potential. Its combination of existing cash flow and value add possibilities makes this an exciting opportunity in an established Los Angeles County rental market. Do not disturb tenants. Do not visit the property without a scheduled appointment through the listing agent. All showings and property inquiries must be coordinated with the listing agent.