$1,270,000
$1,350,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
3,692 SqFt
SOLD DATE : 05/25/2023
Key Details
Sold Price $1,270,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,692 sqft
Price per Sqft $343
MLS Listing ID CV23031162
Sold Date 05/25/23
HOA Y/N No
Year Built 1963
Lot Size 5,793 Sqft
Acres 0.133
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 subject property was completely re-piped with copper plumbing and new ABS drains were installed. Tenants pay for electricity and gas while the owner pays for water and trash. All tenants are current on rental payments. The property is ideally situated minutes to Downtown LA, in a tightly occupied rental area, and offers significant upside in rental income for the next investor.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning CMR3*
Rooms
Ensuite Laundry None
Interior
Laundry Location None
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 Item610UnitsAcre
Story Two
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, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing Cash
Special Listing Condition Standard
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Bought with Omar Najera • Re/max Society
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "