6126 King Avenue

Maywood, CA 90270

$2,355,000
Last Sold Price
9
Beds
8
Baths
6,500 Sq. Ft.
$362 / Sq. Ft.
6,500
Sq. Ft.
$362
per Sq. Ft.

Description

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...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.
  1. Listed by John Basadre • DRE #01039753 • Brokerage DRE #01182091 • Century 21 Jervis & Associates

Property Details for 6126 King Avenue

Parking Spaces Total
7
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6500
Assessor Parcel Number
6316-009-012
Property Attached YN
true

Location

Listing Courtesy of Century 21 Jervis & Associates, John Basadre, DRE #01039753

Sold By Remax Commercial and Investment Realty, Juan Cardenas, DRE #01233927

Add your commute
LISTING UPDATED: 02/23/2022 08:08 AM

Property Details for 6126 King Avenue

StatusClosed
MLS #DW21269519
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.21 AC / 9,354 SF
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Jervis & Associates, John Basadre, DRE #01039753

Sold By Remax Commercial and Investment Realty, Juan Cardenas, DRE #01233927

Add your commute

Building Information for 6126 King Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.21 AC / 9,354 SF

Payment Calculator

$12,852 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,852

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6126 King Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $149,820
  • Gross Scheduled Income: $149,820
  • Gross Spendable Income: $145,325
  • Vacancy Allowance: 4495
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $145,325
  • Net Operating Income: $94,173
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $200
  • Other Income 1: $0
  • Other Income 2: $0
  • Gross Multiplier: 15.7
  • Cap Rate: 4.0
  • Financing: Cash
Expense Details
  • Operating Expense: $51,152
  • Operating Expense Percent: 35.20%
  • Gardener Expense: $960
  • Electric Expense: $1,725
  • Insurance Expense: $2,420
  • Professional Management Expense: $0
  • Trash Expense: $2,660
  • Water Sewer Expense: $2,989
  • Total Expenses: $10,754
Tax / Assessment Info
  • Tax Tract Number: 2989
  • Tax Census Tract: 5337.02
  • CFD/Mello-Roos Fee: $2,306
  • Tax Lot: 633
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 7
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 2970
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,755
  • Unit Type Total Rent: $1,755
  • Unit Type Pro Forma: 1930
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1925
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,520
  • Unit Type Total Rent: $6,080
  • Unit Type Pro Forma: 6688
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 6126 King Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 6126 King Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 12
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Nueva Vista Elementary School
PublicK to 6

Elizabeth Learning Center
PublicK to 12

Chester W. Nimitz Middle School
Public6 to 8

Bell Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Jervis & Associates, John Basadre, DRE #01039753

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.