Commerce, CA 90022,5834 Ferguson DR

$1,475,000

Est. payment /mo

$1,475,000

Est.Price: ?

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5834 Ferguson DR Commerce, CA 90022

10 Beds

5 Baths

4,942 SqFt

SOLD DATE : 11/29/2022

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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California Regional MLS (CRMLS)
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
Bought with Shant Sherbetdjian • Remax Commercial and Investment Realty

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

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