Commerce Multifamily Investment
5913 Greenwood Ave, Commerce, CA 90040
MULTI_FAMILY - Commerce, CA
Property size:
10,767 SFLot size:
0.26 AcresPrice / SF:
$278/SF- Added:
- Apr 13, 2026
- Days on Market:
- 34
- Last Refresh:
- May 16 at 2:06 pm
Property Features for 5913 Greenwood Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CMR3*
- Bedrooms
- 24
- Bathrooms
- 12
- Rooms
- Bathroom 8, Bedroom 1, Bathroom 10, Bathroom 12, Bedroom 7, Bathroom 2, Bedroom 6, Bedroom 13, Bedroom 12, Bathroom 9, Bedroom 9, Bedroom 22, Bedroom 11, Bathroom 4, Bathroom 6, Bathroom 7, Bathroom 11, Bedroom 10, Bedroom 20, Bedroom 4, Bedroom 23, Bedroom 5, Laundry Room, Bedroom 3, Bedroom 8, Bedroom 19, Bedroom 21, Bedroom 14, Bathroom 1, Bedroom 18, Bedroom 15, Bedroom 24, Bathroom 5, Bedroom 17, Bedroom 16, Bathroom 3, Bedroom 2
- Parking
- 12
- Parking features
- Garage, Covered
- Standard status
- Active
- 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 agent Shant Sherbetdjian License #01713570 (626) 657-8150
Listing office Remax Commercial and Investment Realty 99 S Lake Ave., Torrance, CA (213) 817-1000
Listing date Apr 13, 2026
MLS# 26701411
Listing URL
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.
HighLights
- Strong In‑Place Income: Features a 5.74% cap rate and 11.39 GRM.
- Value‑Add Opportunity: Potential for multiple ADU conversions.
- Desirable Unit Mix: Offers spacious 2‑bedroom, 1‑bath units (approximately 900 sq ft).
- Excellent Location: Situated in the highly sought‑after City of Commerce, a high‑demand rental market driven by employment.
- Convenient Access: Provides easy access to the 5, 710, 60, and 605 freeways.
- Separate Metering: Gas and electricity are separately metered.
Overview
This 12-unit multifamily property is located in Commerce, California. The property offers an investment opportunity for buyers seeking income with upside in an employment-driven rental market. The property features a unit mix of 2-bedroom, 1-bath units, each averaging approximately 900 square feet. The property has value-add opportunity with potential for ADU conversions. Current operations are supported by a 5.74% cap rate and 11.39 GRM. Additional highlights include separate metering for gas and electricity, and a completed SB 721 balcony inspection report. The property is located 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 combination of cash flow, functional unit layouts, and long-term upside potential. The property is part of a 6-property, 47-unit portfolio, and investors have the flexibility to acquire this asset individually or as part of a broader strategic investment. The property size is 10767 square feet and the lot size is 0.2639 acres.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.93M
NOI $173,250 @ 9.00% cap · cautious / downside scenario
Moderate
$2.47M
NOI $173,250 @ 7.00% cap · market / base-case scenario
Aggressive
$3.47M
NOI $173,250 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| 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 Use Scenarios
Best Use
Apartment 5plus
$2.47M
$2.17M – $2.89M
NOI $173,250 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.76M
$5.04M – $6.73M
NOI $403,523 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Commerce
- County
- Los Angeles
- State
- California
- Longitude
- -118.1317015
- Latitude
- 33.9754267
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit multifamily property in Commerce, CA with value-add potential.
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 $3,000,000.
What are key features of this property?
This property features: Strong In‑Place Income: Features a 5.74% cap rate and 11.39 GRM.; Value‑Add Opportunity: Potential for multiple ADU conversions.; Desirable Unit Mix: Offers spacious 2‑bedroom, 1‑bath units (approximately 900 sq ft).
