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6048 King Ave 7 Unit Apartment Building $1,950,000 ($278,571/Unit) 5.52% Cap Rate Maywood, CA 90270
Investment Highlights
- Excellent Unit Mix: (1) 3-Bed / 1.5-Bath Unit and (6) 2-Bed / 1-Bath Units (3-Bed currently utilized as 4-Bed without permits)
- On-Site Laundry Facility available for residents
- Individually Metered for Gas and Electricity allowing tenants to pay their own utilities
- 5.52% cap rate and 10.86 GRM based on current income
- Recently Painted Exterior providing strong curb appeal
Executive Summary
6048 King Avenue is a 7-unit apartment building located in the City of Maywood. Built in 1964, the property sits on a 9,173 square foot lot and contains approximately 6,294 square feet of building space. The building features a strong unit mix of one 3-bedroom/ 1.5-bath unit (currently utilized as a 4-bedroom without permits) and six 2-bedroom / 1-bath units, offering larger bedroom-count units than the one-bedroom dominated inventory common in many small apartment buildings. The offering is priced at $1,950,000 and operates at a 5.52% cap rate and 10.86 GRM based on current income. The property also includes detached carport parking, on-site laundry facilities, and a recently painted exterior, making it a well-maintained asset in a high-demand Maywood rental market.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$179,616
|
$28.54
|
| Other Income |
$5,400
|
$0.86
|
| Vacancy Loss |
$7,185
|
$1.14
|
| Effective Gross Income |
$177,831
|
$28.25
|
| Taxes |
$27,376
|
$4.35
|
| Operating Expenses |
$42,739
|
$6.79
|
| Total Expenses |
$70,115
|
$11.14
|
| Net Operating Income |
$107,716
|
$17.11
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $179,616 |
| Annual Per SF | $28.54 |
| Other Income | |
|---|---|
| Annual | $5,400 |
| Annual Per SF | $0.86 |
| Vacancy Loss | |
|---|---|
| Annual | $7,185 |
| Annual Per SF | $1.14 |
| Effective Gross Income | |
|---|---|
| Annual | $177,831 |
| Annual Per SF | $28.25 |
| Taxes | |
|---|---|
| Annual | $27,376 |
| Annual Per SF | $4.35 |
| Operating Expenses | |
|---|---|
| Annual | $42,739 |
| Annual Per SF | $6.79 |
| Total Expenses | |
|---|---|
| Annual | $70,115 |
| Annual Per SF | $11.14 |
| Net Operating Income | |
|---|---|
| Annual | $107,716 |
| Annual Per SF | $17.11 |
Property Facts
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $278,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.52% | Building Size | 6,294 SF |
| Gross Rent Multiplier | 10.86 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.95/1,000 SF |
| Zoning | MYR3YY | ||
| Price | $1,950,000 |
| Price Per Unit | $278,571 |
| Sale Type | Investment |
| Cap Rate | 5.52% |
| Gross Rent Multiplier | 10.86 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,294 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | MYR3YY |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 3+1.5 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | 6316-004-021 | Total Assessment | $680,694 (2025) |
| Land Assessment | $246,204 (2025) | Annual Taxes | $27,376 ($4.35/SF) |
| Improvements Assessment | $434,490 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
6316-004-021
Land Assessment
$246,204 (2025)
Improvements Assessment
$434,490 (2025)
Total Assessment
$680,694 (2025)
Annual Taxes
$27,376 ($4.35/SF)
Tax Year
2026
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6048 King Ave
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