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5834 Ferguson DR Commerce, CA 90022
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Key Details
Sold Price $1,475,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,942 sqft
Price per Sqft $298
MLS Listing ID 22202251
Sold Date 11/29/22
Bedrooms 10
HOA Y/N No
Year Built 1990
Lot Size 10,245 Sqft
Property Description
We are pleased to present a 5 unit in Commerce being offered for sale (by the original owner) for the first time in almost 33 years! This investment opportunity has an excellent unit mix of oversized 2 bedroom + 1 bathroom in all units. Take advantage of this great chance to own an income property, newly constructed in 1990 sitting on a very large 10,221 square foot lot zoned R3. A new investor would appreciate the strong in-place rents as it brings in 4.35% cap rate on current rents. The opportunity for growth can be seen from different perspectives on this pride-of-ownership property. For decades, the owners have given their time and love into this asset with many recent capital improvement. This truly is a one-of-a-kind trophy investment of its area. Some great features about this location is the two-story layout of the building, balcony for select units, on-site laundry, secured entry, garage parking for all units, separately metered for gas and electricity as a well as water heater for each unit. The property is located within a short Distance to the 5, 60, 101 & 710 Freeways. Don't run away, take advantage of the location as this is considered under the statewide AB1482 rent control of 5% + CPI (which is currently 10%).
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning 0500 (R3)
Rooms
Other Rooms Shed(s)
Interior
Fireplace No
Exterior
Garage Garage
Parking Type Garage
Total Parking Spaces 12
Building
Story 2
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 6338035014
Special Listing Condition Standard
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Bought with Shant Sherbetdjian • Remax Commercial and Investment Realty