Log In/Sign Up
Your email has been sent.
6048 King Ave 7 Unit Apartment Building $2,437,610 CAD ($348,230 CAD/Unit) 6.12% 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 $1,795,000 and operates at a 6.12% cap rate and 9.99 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 |
$245,524
|
$39.01
|
| Other Income |
$7,381
|
$1.17
|
| Vacancy Loss |
$9,821
|
$1.56
|
| Effective Gross Income |
$243,084
|
$38.62
|
| Taxes |
$37,421
|
$5.95
|
| Operating Expenses |
$58,422
|
$9.28
|
| Total Expenses |
$95,843
|
$15.23
|
| Net Operating Income |
$147,241
|
$23.39
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $245,524 |
| Annual Per SF | $39.01 |
| Other Income (CAD) | |
|---|---|
| Annual | $7,381 |
| Annual Per SF | $1.17 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,821 |
| Annual Per SF | $1.56 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $243,084 |
| Annual Per SF | $38.62 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,421 |
| Annual Per SF | $5.95 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $58,422 |
| Annual Per SF | $9.28 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $95,843 |
| Annual Per SF | $15.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $147,241 |
| Annual Per SF | $23.39 |
Property Facts Under Contract
| Price | $2,437,610 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $348,230 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6.12% | Building Size | 6,294 SF |
| Gross Rent Multiplier | 9.99 | 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 | $2,437,610 CAD |
| Price Per Unit | $348,230 CAD |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| Gross Rent Multiplier | 9.99 |
| 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
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 3+1.5 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6316-004-021 | Total Assessment | $942,080 CAD (2025) |
| Land Assessment | $340,746 CAD (2025) | Annual Taxes | $37,421 CAD ($5.95 CAD/SF) |
| Improvements Assessment | $601,334 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
6316-004-021
Land Assessment
$340,746 CAD (2025)
Improvements Assessment
$601,334 CAD (2025)
Total Assessment
$942,080 CAD (2025)
Annual Taxes
$37,421 CAD ($5.95 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.