6111 Greenwood Avenue, Commerce, California 90040, Commerce, 90040 - bed, bath
ACTIVE$1,100,000
6111 Greenwood Avenue, Commerce, California 90040
0Bed
0Bath
2,400Sqft
7,533Lot
Year Built
1948
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
$458
HOA
-
Days on market
-
Sold On
-
MLS number
DW25019795
Home ConditionPoor
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $1.10M(67th), sqft - 2400(33th), beds - undefined(50th), baths - undefined(50th).
This well-maintained triplex in the heart of Commerce presents a fantastic opportunity for investors seeking strong rental income potential. With two spacious two-bedroom, one-bath units and one cozy one-bedroom, one-bath unit! This property can be for an investor that could build more units.
Price History
Date
Event
Price
06/03/25
Sold
$1,125,000
03/31/04
Sold
$339,000
Condition Rating
Poor
Built in 1948, this triplex shows significant age. While described as 'well-maintained,' the images reveal very dated kitchens and bathrooms with older cabinets, laminate countertops, and basic, likely inefficient, white appliances. The flooring in these areas is also outdated. Although hardwood floors are present in other rooms, the overall aesthetic and functionality of the wet areas suggest renovations, if any, occurred 30-50+ years ago. This indicates a need for substantial rehabilitation and modernization to meet current standards and tenant expectations, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Multi-Unit Income Stream: As a triplex, the property provides diversified rental income from multiple units, enhancing investment stability.
Strategic Location: Situated 'in the heart of Commerce,' offering excellent access to amenities, transportation, and strong tenant demand.
Development Upside: The description notes potential to 'build more units,' suggesting significant future value appreciation and increased income opportunities.
Desirable Unit Configuration: A mix of two 2-bedroom/1-bath and one 1-bedroom/1-bath units appeals to a broad tenant demographic.
Good Initial Condition: Described as 'well-maintained,' implying a solid foundation and potentially lower immediate repair needs for a new owner.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-06-03. The sold price is $1,125,000.00.
Property Age: Built in 1948, indicating potential for outdated systems (e.g., plumbing, electrical) and higher long-term maintenance requirements.
Lack of Financial Details: Absence of current rental income, operating expenses, or cap rate information necessitates extensive due diligence for investors.
Potential for Significant Capital Expenditures: Despite being well-maintained, an older property may require substantial future investments in major systems (e.g., roof, HVAC, foundation) to modernize or replace.