Multi-Family for sale in Southern California — $2,700,000. 24 beds · 12 baths · 10,767 sqft. PRICE REDUCED $300,000 ! We're pleased to present for sale Property 6 of 6 in this exclusive multi-property portfolio. This 12-unit asset, located in the highly sought-after City of Commerce, offers an excellent inves…
$2,700,000
5913 Greenwood Avenue, Commerce, CA 90040
PRICE REDUCED $300,000 ! We're pleased to present for sale Property 6 of 6 in this exclusive multi-property portfolio. This 12-unit asset, located in the highly sought-after City of Commerce, offers an excellent investment opportunity for buyers seeking strong in-place income with additional upside in an employment-driven rental market. Offered for the first time in over 11 years, the property features a desirable unit mix of spacious 2-bedroom, 1-bath units, each averaging approximately 900 square feet, appealing to a wide tenant base. The asset presents a compelling value-add opportunity with potential for multiple ADU conversions, while current operations are supported by strong in-place metrics, including a 6.51% cap rate and 10.25 GRM. Additional highlights include separate metering for gas and electricity, a completed SB 721 balcony inspection report, and a location within a high-demand rental pocket characterized by consistent occupancy. With convenient access to the 5, 710, 60, and 605 freeways, and subject only to AB 1482 with no local rent control, this property offers a rare combination of stable cash flow, functional unit layouts, and long-term upside potential. As part of a 6-property, 47-unit portfolio, investors have the flexibility to acquire this asset individually or as part of a broader strategic investment. Properties do not have to be sold together. ** Check out the property video link.
Listing updated: June 16, 2026 at 2:48 PM
Listed by: Shant Sherbetdjian, Remax Commercial and Investment Realty
Source: CRMLS, MLS#: 26701411, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/16/2026 Source: CRMLS, #26701411 | Price change | $2,700,000$251/sqft-10.0% |
| 4/13/2026Source: CRMLS, #26701411 | Listed for sale | $3,000,000$279/sqft |
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