$1,125,000
$1,050,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
5,793 Sqft Lot
SOLD DATE : 09/15/2022
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV22182742
Sold Date 09/15/22
HOA Y/N No
Year Built 1963
Lot Size 5,793 Sqft
Property Description
We are pleased to exclusively offer for sale this 6 unit multi-family investment located in the city of Commerce. The subject property is comprised of 2(2Bed/1Bath) units & 4(1Bed/1Bath) units for a total rentable square footage of 3,692. Tenants have access to covered car-port as well as open space parking. In 2020 the current owner had the property completely re-piped with copper plumbing and installed all new ABS drains. Tenants pay for electricity and gas while the owner pays for water and trash. All tenants are current on rental payments and the next rental increase is due October of this year. Priced at a current 13.34 GRM and 4.68% CAP Rate, this investment offers substantial upside to the next investor.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning CMR3*
Interior
Fireplace No
Laundry None
Exterior
Carport Spaces 6
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 9
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5241029006
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY