$2,700,000
$2,700,000
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5913 Greenwood Avenue Commerce, CA 90040
10,767 SqFt
Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 10,767 sqft
Price per Sqft $250
MLS Listing ID CL26701411
Sold Date 08/11/26
HOA Y/N No
Year Built 1965
Lot Size 0.264 Acres
Acres 0.2639
Property Sub-Type Other
Property Description
PRICE REDUCED $300,000 ! We're pleased to present for sale Property 6 of 6 in this exclusive multi-property portfolio. This 12-unit asset, located in the highly sought-after City of Commerce, offers an excellent investment opportunity for buyers seeking strong in-place income with additional upside in an employment-driven rental market. Offered for the first time in over 11 years, the property features a desirable unit mix of spacious 2-bedroom, 1-bath units, each averaging approximately 900 square feet, appealing to a wide tenant base. The asset presents a compelling value-add opportunity with potential for multiple ADU conversions, while current operations are supported by strong in-place metrics, including a 6.51% cap rate and 10.25 GRM. Additional highlights include separate metering for gas and electricity, a completed SB 721 balcony inspection report, and a location within a high-demand rental pocket characterized by consistent occupancy. With convenient access to the 5, 710, 60, and 605 freeways, and subject only to AB 1482 with no local rent control, this property offers a rare combination of stable cash flow, functional unit layouts, and long-term upside potential. As part of a 6-property, 47-unit portfolio, investors have the flexibility to acquire this asset individually or as part of a broader strategic investment. Properties do not have to be sold together. ** Check out the property video link.
Location
State CA
County Los Angeles
Zoning CMR3*
Interior
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 6357013008
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Bought with EnriqueViramontes