Seller's Agent in 2023
Kristopher German
RE/MAX
(909) 645-0443
2 in this area
127 Total Sales
1441 S Sydney Dr Commerce, CA 90040
8
Beds
6
Baths
3,692
Sq Ft
5,793
Sq Ft Lot
About This Home
As of May 2023We 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
RE/MAX 2000 REALTY License #01800021 Listed on: 02/23/2023
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
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Home Values in the Area
Average Home Value in this Area
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
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,196 | $1,321,307 | $885,380 | $435,927 |
| 2024 | $17,196 | $1,295,400 | $868,020 | $427,380 |
| 2023 | $15,178 | $1,125,000 | $450,000 | $675,000 |
| 2022 | $3,066 | $110,926 | $17,183 | $93,743 |
| 2021 | $3,010 | $108,752 | $16,847 | $91,905 |
| 2019 | $2,948 | $105,529 | $16,349 | $89,180 |
| 2018 | $2,804 | $103,461 | $16,029 | $87,432 |
| 2016 | $2,621 | $99,445 | $15,407 | $84,038 |
| 2015 | $2,285 | $97,952 | $15,176 | $82,776 |
| 2014 | $2,309 | $96,034 | $14,879 | $81,155 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
Omar Najera
Buyer's Agent in 2023
Omar Najera
Anomaly Real Estate
(323) 788-1916
1 in this area
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23031162
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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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