5962 Heliotrope Avenue, Maywood, California 90270, Maywood, 90270 - bed, bath
ACTIVE$775,000
5962 Heliotrope Avenue, Maywood, California 90270
0Bed
0Bath
1,564Sqft
4,318Lot
Year Built
1957
Close
-
List price
$775K
Original List price
$875K
Price/Sqft
$496
HOA
-
Days on market
-
Sold On
-
MLS number
RS25060588
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $775.0K(43th), sqft - 1564(43th), beds - undefined(50th), baths - undefined(50th).
Income opportunity duplex! Two side-by-side units of two bedrooms, one bathroom, washer and dryer connections, and one car garage each. This is an excellent opportunity to minimize your monthly mortgage payment. Live in one and rent the other unit.
Condition Rating
Poor
Built in 1957, this property is 67 years old with no indication of major renovations. The property analysis explicitly highlights the age and the implied need for updates to major systems (plumbing, electrical, HVAC) and general modernization. Without recent updates, the kitchens and bathrooms are presumed to be original or very dated, requiring substantial rehabilitation to meet current standards. The property requires significant investment to address its age and lack of modernization.
Pros & Cons
Pros
Income-Generating Duplex: The property is explicitly marketed as an 'Income opportunity duplex,' allowing for significant mortgage payment minimization by living in one unit and renting the other.
Independent Units with Amenities: Each of the two units features 2 bedrooms, 1 bathroom, dedicated washer and dryer connections, and a 1-car garage, offering self-sufficiency and tenant appeal.
Significant Price Reduction: The list price has been reduced from $875,000 to $775,000, indicating a potential value opportunity or motivated seller.
Dedicated Garages for Each Unit: The inclusion of a 1-car garage for each unit provides valuable off-street parking and storage, a desirable feature in urban areas.
Washer/Dryer Connections in Each Unit: This amenity adds convenience and increases the attractiveness of the units to potential tenants.
Cons
Age of Property: Built in 1957, the property is over 65 years old, which may imply the need for updates to major systems (plumbing, electrical, HVAC) and general modernization.
Potential for Deferred Maintenance/Renovations: The description does not mention any recent upgrades or renovations, suggesting that a buyer might need to invest in significant capital improvements to enhance tenant appeal and property value.
Higher Maintenance Costs: As an older income property, it may require more frequent and costly maintenance and repairs compared to newer constructions.