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Sold for $2,700,000
  • $2,700,000

    5913 Greenwood Ave, Los Angeles, CA 90040

    24beds
    12baths
    10,767sqft
    Multi Family
    Built in 1965
    -- sqft lot
    $2,699,900 Zestimate®
    $251/sqft
    $1,910 Estimated rent

    Home value

    $2,699,900

    $2.46M - $2.97M

    $1,910/mo

    Zestimate® history
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    What's special

    Functional unit layouts
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Shant Sherbetdjian DRE # 01713570 626-657-8150,

    Remax Commercial and Investment Realty 213-817-1000

    Bought with:

    Enrique Viramontes, DRE # 01372010

    Remax Commercial and Investment Realty

    Source: CLAW,MLS#: 26701411MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 24
    • Bathrooms: 12
    Heating
    • Other
    Cooling
    • Wall Unit(s)
    Appliances
    • Laundry: Laundry Room
    Interior area
    • Total structure area: 10,767
    • Total interior livable area: 10,767 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Covered, Garage
    • Garage spaces: 3
    • Covered spaces: 9
    Features
    • Levels: One
    • Stories: 2
    Lot
    • Size: 0.26 Acres
    Details
    • Additional structures: None
    • Parcel number: 6357013008
    • Zoning: CMR3*
    • Special conditions: Standard
    • Other equipment: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1965

    Community & HOA

    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $251/sqft
    • Tax assessed value: $2,403,690
    • Date on market: 4/13/2026

    Price history

    DateEventPrice
    8/11/2026Sold$2,700,000$251/sqft
    Source: CLAW #26701411 Report a problem
    7/29/2026Pending sale$2,700,000$251/sqft
    Source: CLAW #26701411 Report a problem
    6/16/2026Price change$2,700,000-10%$251/sqft
    Source: CLAW #26701411 Report a problem
    4/13/2026Listed for sale$3,000,000$279/sqft
    Source: CLAW #26701411 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 90040

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $2,699,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,699,900