Commerce, CA 90022,5834 Ferguson Dr
Commerce, CA 90022,5834 Ferguson Dr
Commerce, CA 90022,5834 Ferguson Dr
18
$1,475,000
$1,475,000
Est.Price: ?

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10 BD
5 BA
4,942 SqFt

5834 Ferguson Dr Commerce, CA 90022

Est. payment /mo
SOLD DATE : 11/29/2022

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Key Details

Sold Price $1,475,000

Property Type Residential Income

Listing Status Sold

Purchase Type For Sale

Square Footage 4,942 sqft

Price per Sqft $298

MLS Listing ID 22-202251

Bedrooms 10

Year Built 1990

Lot Size 10,247 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 East La

Zoning 0500 (R3)

Rooms

Other Rooms Shed(s)

Interior

Heating Other

Cooling Wall Unit(s)

Equipment Other

Exterior

Parking Features Garage

Garage Spaces 12.0

Building

Story 2

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Remax Commercial and Investment Realty
Bought with Remax Commercial and Investment Realty

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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