NOT LISTED FOR SALE

1441 S Sydney Dr Commerce, CA 90040

8 Beds
6 Baths
3,692 Sq Ft
5,793 Sq Ft Lot

Last Sold May 25, 2023

Last sale price $1,270,000 $344 Per Sq Ft

20 Days on Market

About This Home

As of May 2023

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 subject property was completely re-piped with copper plumbing and new ABS drains were installed. Tenants pay for electricity and gas while the owner pays for water and trash. All tenants are current on rental payments. The property is ideally situated minutes to Downtown LA, in a tightly occupied rental area, and offers significant upside in rental income for the next investor.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 02/23/2023

RE/MAX 2000 REALTY

Last Buyer's Agent

Omar Najera

Anomaly Real Estate License #02159432

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,793 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 3,692 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 9 Parking Spaces
  • 6 Carport Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 221
  • Tax Tract Number 5100
  • Assessor Parcel Number 5241029006

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,477
  • Maintenance Expense $4,500
  • Other Expense $1,860
  • Trash Expense $2,007
  • Water Sewer Expense $5,065
  • New Taxes Expense $15,816
  • Operating Expense $30,725
  • Gross Income $83,640
  • Net Operating Income $50,872

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5065.00
  • Zoning: CMR3*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5241029006
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 343.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2007.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5793.00
  • Lot Size Acres: 0.1330

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 83640.00
  • Gross Operating Income: 81596.00
  • Gross Scheduled Income: 83640.00
  • Insurance Expense: 1477.00
  • Lot Size Area: 5793.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 50872.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 30725.00
  • Other Expense: 1860.00
  • Other Expense Description: Remarks
  • Other Income1: 480.00
  • Rent Control: Yes
  • Total Actual Rent: 6970.00
  • Total Expenses: 30725.00

Tax Info

  • New Taxes Expense: 15816.00
  • Tax Census Tract: 5323.02
  • Tax Lot: 221
  • Tax Tract Number: 5100

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2023 05/25/23 Sold $1,270,000 -5.9% $344 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
02/23/2023 02/23/23 For Sale $1,350,000 +20.0% $366 / Sq Ft
09/15/2022 09/15/22 Sold $1,125,000 +7.1% $305 / Sq Ft View Prior Sale
08/30/2022 08/30/22 Pending -- -- --
08/18/2022 08/18/22 For Sale $1,050,000 -- $284 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2023

    Kristopher German

    RE/MAX

    (909) 645-0443

    2 in this area

    121 Total Sales

    Kristopher German
    Section Image
  • Omar Najera

    Buyer's Agent in 2023

    Omar Najera

    Anomaly Real Estate

    (323) 788-1916

    1 in this area

    7 Total Sales

    Omar Najera
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23031162

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Commerce 90040

1441 S Sydney Dr, Commerce, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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