Log In/Sign Up
Your email has been sent.
6048 King Ave 7 Unit Apartment Building $2,652,604 CAD ($378,943 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$244,333
|
$38.82
|
| Other Income |
$7,346
|
$1.17
|
| Vacancy Loss |
$9,774
|
$1.55
|
| Effective Gross Income |
$241,905
|
$38.43
|
| Taxes |
$37,240
|
$5.92
|
| Operating Expenses |
$58,138
|
$9.24
|
| Total Expenses |
$95,378
|
$15.15
|
| Net Operating Income |
$146,527
|
$23.28
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $244,333 |
| Annual Per SF | $38.82 |
| Other Income (CAD) | |
|---|---|
| Annual | $7,346 |
| Annual Per SF | $1.17 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,774 |
| Annual Per SF | $1.55 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $241,905 |
| Annual Per SF | $38.43 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,240 |
| Annual Per SF | $5.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $58,138 |
| Annual Per SF | $9.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $95,378 |
| Annual Per SF | $15.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $146,527 |
| Annual Per SF | $23.28 |
Property Facts
| Price | $2,652,604 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $378,943 CAD | 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 | $2,652,604 CAD |
| Price Per Unit | $378,943 CAD |
| 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 | $930,543 CAD (2025) |
| Land Assessment | $336,573 CAD (2025) | Annual Taxes | $37,240 CAD ($5.92 CAD/SF) |
| Improvements Assessment | $593,970 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
6316-004-021
Land Assessment
$336,573 CAD (2025)
Improvements Assessment
$593,970 CAD (2025)
Total Assessment
$930,543 CAD (2025)
Annual Taxes
$37,240 CAD ($5.92 CAD/SF)
Tax Year
2026
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
6048 King Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.