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1441 S Sydney Drive, Commerce, CA 90040
$1,125,000
1441 S Sydney Drive, Commerce, CA 90040View this property at 1441 S Sydney Drive, Commerce, CA 90040
1441 S Sydney DriveCommerceCA90040
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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.
Full Property Details
Full Property Details for 1441 S Sydney Dr
General
- Sold For: $1,125,000
- Status: Closed
- Type: Multi-Family
- MLS ID: CV22182742
- Added to Site: 617 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Location
- Area: 699 - Not Defined
- County: Los Angeles
- Development Name: 699 - Not Defined
- Driving Directions: West of I-710, South of I-5; Near Intersection of Triggs St & S Sydney Dr
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,692
- Year Built: 1963
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.133
- Lot Size Source: Assessor
- Zoning: CMR3*
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $304.71
- Price Per Unit: 175000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed and Sold by Re/Max 2000 Realty, KRISTOPHER GERMAN
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Schools
Schools serving 1441 S Sydney Dr
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1112 S Ford Blvd, Los Angeles, CA 90022 | K-5 | 0.5 mi | |
4765 E 4th St, Los Angeles, CA 90022 | 6-8 | 1.4 mi | |
319 N Humphreys Ave, Los Angeles, CA 90022 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1441 S Sydney Dr
Date
Details
Price
Change
Source
9/15/2022
Sold
$1,125,000
7.14%
MLS
8/18/2022
Listed
$1,050,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1441 S Sydney Drive, Commerce, CA 90040 (MLS# CV22182742) is a Multi-Family property that was sold at $1,125,000 on September 15, 2022. Want to learn more about 1441 S Sydney Drive? Do you have questions about finding other Multi-Family real estate for sale in Commerce? You can browse all Commerce real estate or contact a Coldwell Banker agent to request more information.