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1441 S Sydney DR Commerce, CA 90040
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Key Details
Sold Price $1,125,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV22182742
Sold Date 09/15/22
Originating Board California Regional MLS
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
Interior
Laundry None
Exterior
Garage Spaces 9.0
Pool None
Building
Water District - Public
Others
Tax ID 5241029006
Special Listing Condition Not Applicable
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Bought with KRISTOPHER GERMAN