3560 e 56th st

maywood, CA 90270

units

2

sqft

2,948

lot size

6,209

year built

1914

$960,000

DOM: 77Active5% Upside

$/unit

$480k

$/sqft

$326

GRM

13.3

CAP

5.4%

PadMint Analysis
Listing Details
Rent Comps
Sales Comps

Rent Roll

# UnitsBedsBathsCurrent RentMarket Rent
1 32$2,500 $2,650
1 43$3,500 $3,650
total monthly rent$6,000$6,300 +5%

FHA Owner Occupied Financing (estimated)

Price
$960,000.00
Down Payment
3.50%
$33,600.00
Interest Rate
2.5%
Monthly Payment
$2,577.77

Conventional Owner Occupied Financing (estimated)

Price
$960,000.00
Down Payment
15.00%
$144,000.00
Interest Rate
3.625%
Monthly Payment
$2,285.78

Valuation Tool

Adjust the monthly rent below to see the Minted Estimate.

PadMint's Minted Estimate provides an estimated property value based on current market conditions and income data.

i

monthly rent

$6,000.00

Similar Nearby Properties

0

Listing VS Assessor

Sometimes the information from the listing doesn't match the information sourced from the county assessor. View the table below to see how the information compares.

FieldValue From ListingValue From Assessor
# of Units22
SQFT2,9482,948
Lot Size6,2096,209
Year Built19141914
ZoningMYR3YYMYR3YY
APN6311-022-0256311-022-025

Sale History

price$/sqft$/unitdate
$605k$205$303k3-2-2018
$680k$231$340k3-17-2007

3560 E 56th Street is a two unit multi-family building in Los Angeles, CA 90270. This 2,948 square foot building sits on a 6,209 square foot lot zoned as MYR3YY and features one 4bed 3bath, and one 3bed 2bath units. This property was built in 1914 and is currently fully occupied. At its current asking price of $960,000 and current estimated monthly income of $6,000, this investment opportunity has an estimated CAP rate of 5.4% and an estimated GRM of 13.33.

Disclaimer: PadMint Inc. makes no warranty or representation about the content of the PadMint website. This information has been secured from sources we believe to be reliable, however all references to square footage, age, rents, projected rents, zoning, number of legal units and similar property-specific details should be considered approximations. Buyer must verify the information and bears all risk for any inaccuracies. This advertisement is not intended as a solicitation if your property is currently listed with another brokerage.

“Market rents are merely estimates by PadMint Inc. and may take into account substantial renovations. Seller and broker do not warrant or guarantee the stated estimated market rent. Buyer should use their own estimate of market rents. The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective buyers are advised to independently verify accuracy and to review any disclosure information on file with this office. Buyer to confirm unit and building measurements. PadMint Inc. does not warrant the accuracy of any representations of size of units, size of building or lot size.”

Note: The above expenses and vacancy factor are estimated only, based partly on industry standards. All prospective buyers should determine their own numbers for all expenses and the vacancy factor.

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