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Key Details
Sold Price $1,270,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23031162
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 subject property was completely re-piped with copper plumbing and new ABS drains were installed. Tenants pay for electricity and gas while the owner pays for water and trash. All tenants are current on rental payments. The property is ideally situated minutes to Downtown LA, in a tightly occupied rental area, and offers significant upside in rental income for the next investor.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning CMR3*
Interior
Laundry None
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Building
Lot Description 6-10 Units/Acre
Story Two
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Omar Najera • Re/max Society