Commerce, CA 90040,1441 S Sydney DR
Commerce, CA 90040,1441 S Sydney DR
Commerce, CA 90040,1441 S Sydney DR
8
$1,125,000
$1,050,000
7.1%
Est.Price: ?

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5,793 Sqft Lot

1441 S Sydney DR Commerce, CA 90040

Est. payment /mo
SOLD DATE : 09/15/2022

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Key Details

Sold Price $1,125,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV22182742

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

Laundry None

Exterior

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Building

Lot Description 6-10 Units/Acre

Story 2

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

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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