Commerce, CA 90040,1441 S Sydney DR
Commerce, CA 90040,1441 S Sydney DR
Commerce, CA 90040,1441 S Sydney DR
Commerce, CA 90040,1441 S Sydney DR
Commerce, CA 90040,1441 S Sydney DR
Commerce, CA 90040,1441 S Sydney DR
See all 8 photos

$1,125,000

$1,050,000

7.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000 REALTY
Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.