Commerce, CA 90022,5834 Ferguson DR
See all 18 photos
Commerce, CA 90022,5834 Ferguson DR
Commerce, CA 90022,5834 Ferguson DR
Commerce, CA 90022,5834 Ferguson DR
Commerce, CA 90022,5834 Ferguson DR

$1,475,000

Est. payment /mo

$1,475,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

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

Parking Features 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

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


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

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.