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$1,582,555
Est. payment /mo
10 Beds
6 Baths
4,517 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,517 sqft
Price per Sqft $350
MLS Listing ID 25623119
Bedrooms 10
HOA Y/N No
Year Built 1993
Property Description
Presented for the first time on the market by the original builder, this exceptionally maintained 6-unit property, constructed in 1993, offers a rare blend of long-term stability and value-add potential in the highly sought-after City of Commerce. An investor's dream, operating at a 5.51% Cap Rate and and 11.14 GRM on Current Rents. The building features five spacious 2-bedroom, 1-bath units along with one non-conforming studio, with several units offering private balconies and all benefiting from gated access, garage parking, individual water heaters, and separate gas and electric meters. Tenant retention is truly unparalleled, with the same residents occupying each of the 2-bedroom units since the property was built. Ideally situated near local shops, schools, parks, and with convenient access to the 5, 60, 101, and 710 freeways, the location supports strong rental demand. Additionally, the existing unpermitted studio presents an excellent opportunity for investors to add value by converting the space into a legalized ADU. The property is located within the City of Commerce and is subject to statewide AB-1482 rent regulations, allowing for an approximate 8% annual increase. This is a unique chance to acquire a pride-of-ownership asset with both stability and future upside.***CHECK OUT THE PROPERTY VIDEO***
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning CMR3YY
Interior
Cooling Central Air
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Door-Multi, Garage, Uncovered
Garage Spaces 10.0
Garage Description 10.0
Total Parking Spaces 12
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6338036009
Special Listing Condition Standard
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Listed by Shant Sherbetdjian Remax Commercial and Investment Realty
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