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5421 Everett Avenue, Maywood, California 90270, Maywood, 90270 - bed, bath

5421 Everett Avenue, Maywood, California 90270 home-pic-0
ACTIVE$675,000
5421 Everett Avenue, Maywood, California 90270
0Bed
0Bath
2,127Sqft
4,391Lot
Year Built
1928
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$317
HOA
-
Days on market
-
Sold On
-
MLS number
DW24233537
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros.

**Exceptional Investment Opportunity in Prime Location!** This is a rare find in a highly sought-after, centrally located neighborhood—an ideal property for both savvy investors and those looking for a home with income potential. The property features a charming 2-bedroom, 1-bath single-family home, perfect for a first-time buyer or growing family. In addition, an attached commercial space is currently operating as a market with an established alcohol, wine, and cigarette ABC license, offering a wealth of possibilities. Whether you're looking to live in the home and lease the commercial space, rent out both units for dual income, or even operate your own business on-site, this property presents tremendous flexibility and earning potential. Don’t miss out on this incredible opportunity to secure a property in a high-demand area. Seller is very motivated, submit your offer today! **Business and business equipment is not included in sale as it is independently owned by current lessee. Business is for sale but it will be a separate transaction.**

Price History

Date
Event
Price
11/13/24
$675,000
07/28/05
Sold
$400,000
Condition Rating
Poor
The property was built in 1928, making it nearly a century old. The listing description and property analysis explicitly highlight the age as a weakness, implying a 'need for significant updates to systems (plumbing, electrical) and potential for deferred maintenance.' There is no mention of any recent renovations, and no interior images are provided to assess the condition of the kitchen, bathrooms, or other critical interior features like flooring, appliances, or systems. The exterior images show an aged property that does not appear to have undergone recent cosmetic or structural updates. Without evidence of substantial recent renovations, a property of this age is highly likely to require significant repairs and rehabilitation to its major systems and interior components to be comfortable and safe by modern standards.
Pros & Cons

Pros

Mixed-Use & Income Potential: The property offers exceptional investment opportunity with both a residential unit and an attached commercial space, providing tremendous flexibility and earning potential through dual income streams.
Prime Central Location: Situated in a highly sought-after, centrally located neighborhood, enhancing its appeal for both residential tenants and commercial businesses.
Established Commercial Use with ABC License: The commercial space is currently operating as a market with an established alcohol, wine, and cigarette ABC license, adding significant value and immediate operational potential.
Versatile Ownership Options: The property caters to a broad range of buyers, allowing for owner-occupancy (residential or commercial), dual rental income, or operating one's own business on-site.
Motivated Seller: The seller is highly motivated, which may present an opportunity for favorable negotiation and a potentially quicker closing process.

Cons

Age of Property: Built in 1928, the property is nearly a century old, which may imply the need for significant updates to systems (plumbing, electrical) and potential for deferred maintenance.
Business Not Included in Sale: The existing commercial business and its equipment are explicitly excluded from the sale, meaning the buyer acquires the property but not the immediate income stream from the current operation, requiring a separate transaction or new tenant/business.
Residential Unit Size: The residential component is a 2-bedroom, 1-bath home, which may be considered small for some target demographics or growing families, potentially limiting its residential market appeal.

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