Renovated Six-Unit Apartment
For Sale
$1,495,000
5113 E 60th Pl, Maywood, CA 90270
Renovated six-unit two-story apartment building with an on-site laundry facility and seven covered carport parking spaces.
Property Size4,664 SF
Days on Market62
Property Features for 5113 E 60th Pl
General Information
Standard status
Active
Size
4,664 SF
Total Parking Spaces
7
Property subtype
Investment
Additional Details
Multifamily Units
6
Amenities
on-site laundry facility
Building Details
Building Size
4,664 SF
Year Built
1964
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Keller Williams SELA
Listed By:
Victor Ambriz Jr · License #00952349
(562) 842-7248
Source:
Elliman
Added: Jul 8
Changed: Sep 6
Last Checked: Sep 6 at 6:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams SELA
Investment Insights
Based on property information with market context.
5113 E 60th Pl is a renovated six-unit two-story apartment building featuring one 3-bedroom, 2-bath unit and five 2-bedroom, 1-bath units. The property has undergone significant system and exterior improvements, including a new roof, upgraded electrical systems with a new main panel and interior sub panels, fresh exterior paint, resurfaced magnesite balconies, upgraded code-compliant handrails, and completion of an SB 721 balcony inspection. An on-site laundry facility is also included.
The property is located in Maywood, CA 90270. Additional exterior amenities include seven covered carport parking spaces.
The unit mix and recent upgrades support an apartment building configuration designed for straightforward day-to-day resident use.
The property is located in Maywood, CA 90270. Additional exterior amenities include seven covered carport parking spaces.
The unit mix and recent upgrades support an apartment building configuration designed for straightforward day-to-day resident use.
Key Highlights
- Renovated 6‑unit, two‑story apartment building built in 1964
- Unit mix: one 3 bed / 2 bath unit and five 2 bed / 1 bath units
- New roof and fresh exterior paint, plus resurfaced magnesite balconies
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,047
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,500,940
$1.5M
Cap Rate 7%
$1,072,100
$1.1M
Cap Rate 9%
$833,856
$833.9K
Market Conditions
NOI Build-Up for 4,664 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$148.3K $31.80/SF
− Vacancy
−$11.9K −$2.54/SF
EGI
$136.4K $29.26/SF
− OpEx
−$61.4K −$13.17/SF
NOI
$75.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,500,940
Cap Rate 7%
$1,072,100
Cap Rate 9%
$833,856
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$938.1K – $1.25M
NOI $75,047 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.18M – $2.91M
NOI $174,796 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Explore this area
Business Placement
Demographics for 90270, CA
25,113
Population
6,451
Households
3.9
Avg Household Size
33
Median Age
8%
College-Educated
48%
High-School Grad
1.2 sq mi
ZIP Area
20,928
Density / Sq Mi
$61,753
Median Household Income
$30,758
Median Earnings
$1,469
Median Rent
$595,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated six-unit two-story apartment building with an on-site laundry facility and seven covered carport parking spaces.
Where is this apartment building located?
The property is located at 5113 E 60th Pl Maywood, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Renovated 6‑unit, two‑story apartment building built in 1964; Unit mix: one 3 bed / 2 bath unit and five 2 bed / 1 bath units; New roof and fresh exterior paint, plus resurfaced magnesite balconies
