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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$3,000,000

Est. payment - /mo

24 Beds

12 Baths

10,767 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 10,767 sqft

Price per Sqft $278

MLS Listing ID 26701411

Bedrooms 24

HOA Y/N No

Year Built 1965

Lot Size 0.264 Acres

Property Description

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 5.74% cap rate and 11.39 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

Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26

Zoning CMR3*

Interior

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Covered, Garage

Garage Spaces 3.0

Garage Description 3.0

Total Parking Spaces 12

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6357013008

Special Listing Condition Standard

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Listed by Shant Sherbetdjian Remax Commercial and Investment Realty #01713570

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5913 Greenwood AVE Commerce, CA 90040