5913 Greenwood Ave, Commerce, CA 90040

$2,700,000
24
BD
12
BA
10,767
SqFt

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List Price
$2,700,000
Price Change
▼ $300,000 1781664299
MLS#
26701411
Year Built
1965
Bedrooms
24
Bathrooms
12
Living Sq. Ft
10,767
Lot Size
11,494
Days on Market
106
Property Type
Multifamily
Stories
2

Property Description

PRICE REDUCED $300,000 ! 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 6.51% cap rate and 10.25 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.

Additional Information

Other Buildings
None
Heat
Other
Cooling
Wall Unit(s)
Number of Cars in Garage
Covered Parking, Garage
Garage Spaces Total
3

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Courtesy of Remax Commercial and Investment Realty, Shant Sherbetdjian - CA DRE#01713570

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