$925,000
$895,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
5,902 Sqft Lot
SOLD DATE : 10/26/2021
Key Details
Sold Price $925,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW21194505
Sold Date 10/26/21
HOA Y/N No
Year Built 1939
Lot Size 5,902 Sqft
Property Description
Great Investment Property In The City of Maywood. Front house 3BDR / 2BATH fully remodeled in 2021, including brand new electrical wiring & panels, roof, stucco, kitchen, bathroom, flooring, drywall, copper plumbing, ABS sewer lines, tankless water heater, laundry hookups and solar panels. 2 Brand New ADU's constructed in 2021 which consist of a 1BDR / 1BATH unit and 2BDR / 2BATH unit. Fully permitted. All units vacant. Market Rents of $77,820, NOI of $54,942. PF GRM of 11.5X and 6.14% Cap Rate.
With Brand new Solar Panels installed in 2021 producing an estimated average of between 4050 kWh/day, based on these estimates. Numbers will vary based on usage and time of year. Daytime:1BDR = 200 kWH/month'2BDR = 300 kWH/month3BDR = 400 kWH/month Total Consumption = 900 kWH/month
Total Production = 1,500 kWH/month Total Profit = 1,500 kWH 900 kWH * $0.25 = $150 profitNighttime1BDR =200kWH/month2BDR=300kWH/month3BDR = 400 kWH/monthTotal Usage = 900 kWH/monthTotal Charge = 900 kWH * $0.38 = $342 charge
Net Electricity Charge
$342 charge $150 profit = $192/month on average.
Location
State CA
County Los Angeles
Area T6 - Maywood, Bell
Zoning MYR3YY
Rooms
Ensuite Laundry SeeRemarks
Interior
Interior Features AllBedroomsDown
Laundry Location SeeRemarks
Fireplaces Type None
Fireplace No
Laundry SeeRemarks
Exterior
Pool None
Community Features Curbs
Roof Type Composition
Private Pool No
Building
Lot Description Lawn
Story 1
Entry Level One
Sewer PublicSewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6313022001
Acceptable Financing CashtoNewLoan
Green/Energy Cert Solar
Listing Terms CashtoNewLoan
Financing Conventional
Special Listing Condition Standard
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Bought with Ramon Chavez • Red Carpet Machorro
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Broker Associate | Lic# 01905244