6014 Ferguson Dr - Apartments FOR SALE


Commerce, CA 90022
$1,582,555 USD
310-968-6049
6014 Ferguson Dr, Commerce, CA for Sale
$1,582,555 USD
Apartments - FOR SALE
1/22
null | 5.51% Cap Rate

6014 Ferguson Dr
Commerce, CA 90022


HIGHLIGHTS

  • First Time Being Offered for Sale by Original Builder (Since Being Built in 1993)
  • FIVE Spacious 2 Bed + 1 Bath Units & ONE Non-Conforming Studio Unit
  • Newer Construction | Built in 1993 | Gated Entry | 2-Story Building | Balcony in Select Units
  • Exceptional Tenant Stability: Same Tenants in the 2-Bedroom Units Since the Property Was Built
  • Garage Parking | Water Heaters for Ea. Unit | Sep. Metered for Gas & Elec.
  • Opportunity to Add-Value by Converting the Unpermitted Studio Unit to an ADU

OVERVIEW

Presented for the first time on the market by the original builder, this exceptionally maintained 6-unit property, constructed in 1993, offers a rare blend of long-term stability and value-add potential in the highly sought-after City of Commerce. An investor's dream, operating at a 5.51% Cap Rate and and 11.14 GRM on Current Rents. The building features five spacious 2-bedroom, 1-bath units along with one non-conforming studio, with several units offering private balconies and all benefiting from gated access, garage parking, individual water heaters, and separate gas and electric meters. Tenant retention is truly unparalleled, with the same residents occupying each of the 2-bedroom units since the property was built. Ideally situated near local shops, schools, parks, and with convenient access to the 5, 60, 101, and 710 freeways, the location supports strong rental demand. Additionally, the existing unpermitted studio presents an excellent opportunity for investors to add value by converting the space into a legalized ADU. The property is located within the City of Commerce and is subject to statewide AB-1482 rent regulations, allowing for an approximate 8% annual increase. This is a unique chance to acquire a pride-of-ownership asset with both stability and future upside.***CHECK OUT THE PROPERTY VIDEO*** All units are occupied. Please do not walk on the property, do not disturb or engage tenants regarding the property. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the listing agent. All showings are subject to accepted offer, please include your Proof of Funds when sending offers.

FOR SALE DETAILS

PRICE

$1,582,555 USD

PRICE/SF

$350 USD /SF

# OF UNITS

6

PRICE/UNIT

$263,759

CAP RATE

5.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 UNITS COMMERCE | 1993 BUILT 5.51% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,853 SF

ZONING

CMR3YY

APN/PARCEL ID

6338-036-009

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.