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Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,388 sqft
Price per Sqft $251
MLS Listing ID SR19162362
Sold Date 10/15/19
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1941
Lot Size 9,051 Sqft
Property Description
Huge Duplex! One of the largest homes and lots in the city of Maywood. Title has it at 2,388 sq ft with a 9,052 sq ft lot. All 4 bedrooms and 3 bathrooms are listed as well. (3 bedrooms/2 bathrooms in the main house, and 1 bedroom/1 bathroom in the second unit. It's all right there on title. Of course, it's always recommended for buyers to check with city regarding all applicable codes and compliance including zoning and building and safety. But, title already shows home is a duplex, and could be zoned for a third.
The lot appears large enough to support an additional unit. Buyer's should research all local ordinances and zoning to discover feasibility. However; at a modest rate of $1500.00 per month the current additional unit would bring in $18,000.00 per year in rental income. A third unit would bring even more. At a modest GRM of 12X the current existing unit would be demonstrated to be worth $216,000.00 all by itself! That doesn't even include the 3 bedroom / 2 bathroom main house. There is value is this property overall.
Home does need some TLC and updating, but many lovely features including two fireplaces. Built-ins as well! So much space and so much potential for a large family, for income, for both! Terrific neighborhood in Maywood.
Location
State CA
County Los Angeles
Area T6 - Maywood, Bell
Zoning MYR3*
Rooms
Main Level Bedrooms 4
Ensuite Laundry Laundry Room
Interior
Interior Features Beamed Ceilings, Built-in Features, Ceiling Fan(s), All Bedrooms Down
Laundry Location Laundry Room
Heating Gravity
Cooling Evaporative Cooling
Fireplaces Type Bonus Room, Family Room
Fireplace Yes
Appliance Built-In Range
Laundry Laundry Room
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Street Lights, Sidewalks
View Y/N Yes
View Mountain(s), Neighborhood
Accessibility Other
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Front Yard, Lawn, Near Public Transit
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Call Listing Office
Others
Senior Community No
Tax ID 6312012002
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Trust
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Bought with Gustavo Jacinto • Intero Real Estate Services