12-Unit Apartment
For Sale
$2,700,000
Pending
5913 Greenwood Ave, Commerce, CA 90040
MULTI_FAMILY - Commerce, CA
Property Size10,767 SF
Lot Size0.26 Acres
Days on Market110
Property Features for 5913 Greenwood Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CMR3*
Bedrooms
24
Bathrooms
12
Full bathrooms
1
Rooms
Bathroom 8, Bedroom 15, Bathroom 1, Bathroom 7, Bedroom 10, Bedroom 18, Bedroom 2, Bedroom 16, Bedroom 7, Bedroom 22, Bathroom 6, Bathroom 3, Bathroom 12, Bedroom 20, Bathroom 5, Bedroom 24, Bedroom 11, Bedroom 1, Bathroom 9, Bedroom 13, Bedroom 14, Bedroom 9, Bedroom 12, Laundry Room, Bedroom 19, Bedroom 5, Bedroom 21, Bedroom 8, Bathroom 11, Bedroom 6, Bathroom 4, Bedroom 3, Bedroom 17, Bathroom 10, Bedroom 4, Bathroom 2, Bedroom 23
Parking
12
Parking features
Garage, Covered
Directions
Situated in the City of Commerce, on Greenwood Ave, between E Gage Ave and E Slauson Ave, with the nearest cross street of Watcher St
Subdivision
Bell Gardens, Bell E of 710, Commerce S of 26th
Standard status
Pending
APN
6357-013-008
Size
10,767 SF
Lot size
0.26 Acres
Utilities
Cooling system
Wall Unit(s)
Building Details
Year built
1965
Floors in Building
2
Number of units
12
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Shant Sherbetdjian · License #01713570
(626) 657-8150
Added: Apr 13
Changed: Jul 29
Last Checked: Jul 31 at 1:06PM
MLS# 26701411
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a 12-unit apartment building configured with spacious 2-bedroom, 1-bath units, each averaging approximately 900 square feet. The property is part of a 6-property, 47-unit portfolio available as an individual purchase or with the broader group. Additional operational details include separate metering for gas and electricity, and a completed SB 721 balcony inspection report.
The building is located in the City of Commerce in Los Angeles County, CA. Access is supported by convenient proximity to the 5, 710, 60, and 605 freeways. The listing notes the property is subject only to AB 1482 and states there is no local rent control.
For tenants, the unit mix is designed to appeal to a broad rental base seeking 2-bedroom layouts. For buyers, the asset offers a straightforward in-place operating setup supported by the reported metrics in the offering and highlights a potential path for multiple ADU conversions, subject to applicable approvals. The property was described as being offered for the first time in over 11 years, and the portfolio structure provides flexibility for investors evaluating standalone ownership or a larger combined acquisition.
The building is located in the City of Commerce in Los Angeles County, CA. Access is supported by convenient proximity to the 5, 710, 60, and 605 freeways. The listing notes the property is subject only to AB 1482 and states there is no local rent control.
For tenants, the unit mix is designed to appeal to a broad rental base seeking 2-bedroom layouts. For buyers, the asset offers a straightforward in-place operating setup supported by the reported metrics in the offering and highlights a potential path for multiple ADU conversions, subject to applicable approvals. The property was described as being offered for the first time in over 11 years, and the portfolio structure provides flexibility for investors evaluating standalone ownership or a larger combined acquisition.
Key Highlights
- 12‑unit multifamily property offered as Property 6 of 6 in a 47‑unit portfolio (properties can be purchased individually).
- Unit mix of spacious 2‑bedroom, 1‑bath units, each averaging approximately 900 SF.
- In‑place performance metrics include a 6.51% cap rate and 10.25 GRM.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $342.4k | $31.80 |
| − Vacancy | −$27.4k | −$2.54 |
| EGI | $315.0k | $29.26 |
| − OpEx | −$141.7k | −$13.17 |
| NOI | $173.2k | $16.09 |
10,767 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.47M
$2.17M – $2.89M
NOI $173,250 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.76M
$5.04M – $6.73M
NOI $403,523 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 90040, CA
12,089
Population
3,376
Households
3.6
Avg Household Size
36
Median Age
12%
College-Educated
65%
High-School Grad
5.6 sq mi
ZIP Area
2,159
Density / Sq Mi
$70,909
Median Household Income
$37,924
Median Earnings
$1,390
Median Rent
$576,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-kept 12-unit apartment building with 2-bedroom, 1-bath layouts and separate gas and electric metering.
Where is this apartment building located?
The property is located at 5913 Greenwood Ave Commerce, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 12‑unit multifamily property offered as Property 6 of 6 in a 47‑unit portfolio (properties can be purchased individually).; Unit mix of spacious 2‑bedroom, 1‑bath units, each averaging approximately 900 SF.; In‑place performance metrics include a 6.51% cap rate and 10.25 GRM.
