Blanca M Lopez
RE/MAX One
(657) 385-8005
58 Total Sales
2 in Commerce
$718,000 Price Range
1441 S Sydney Dr Commerce, CA 90040
Commerce Area
8
Beds
6
Baths
3,692
Sq Ft
5,793
Sq Ft Lot
About This Home
As of May 2023We are pleased to exclusively offer for sale this 6 unit multi-family investment located in the city of Commerce. The subject property is comprised of 2(2Bed/1Bath) units & 4(1Bed/1Bath) units for a total rentable square footage of 3,692. Tenants have access to covered car-port as well as open space parking. In 2020 the subject property was completely re-piped with copper plumbing and new ABS drains were installed. Tenants pay for electricity and gas while the owner pays for water and trash. All tenants are current on rental payments. The property is ideally situated minutes to Downtown LA, in a tightly occupied rental area, and offers significant upside in rental income for the next investor.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 02/23/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 5,793 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- 3,692 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Parking
- 3 Open Parking Spaces
- 9 Parking Spaces
- 6 Carport Spaces
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 221
- Tax Tract Number 5100
- Assessor Parcel Number 5241029006
Community Details
Overview
- 6 Units
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,477
- Maintenance Expense $4,500
- Other Expense $1,860
- Trash Expense $2,007
- Water Sewer Expense $5,065
- New Taxes Expense $15,816
- Operating Expense $30,725
- Gross Income $83,640
- Net Operating Income $50,872
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 14, 2023
Sold by
Ppvs Properties Llc
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 18, 2022
Closed on
Aug 31, 2022
Sold by
Jaime Hurtado
Bought by
Ppvs Properties Llc
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,050,000
Sold Price
$1,125,000
Premium/Discount to List
$75,000
7.14%
Views
5
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
4.99%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 3, 2022
Sold by
Hurtado Jaime and Carmen Hurtado Revocable Living Trust
Bought by
Hurtado Carlos and Hurtado Diane
Purchase Details
Closed on
Dec 16, 2021
Sold by
Carmen Hurtado
Bought by
Carmen Hurtado Revocable Living Trust
Purchase Details
Closed on
Apr 8, 2011
Sold by
Hurtado Carmen
Bought by
Hurtado Carmen and The Carmen Hurtado Revocable Living Trus
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Commerce, CA
-
Blanca M Lopez
-
Claudia Ghazanfary
Claudia Ghazanfary
Call It Closed International,Inc
(818) 412-6387
31 Total Sales
1 in Commerce
$685,000 Price
-
Marvin Phillip
Marvin Phillip
Y Realty
(562) 740-8346
31 Total Sales
1 in Commerce
$530,000 Price
-
Roddy de la Garza
Roddy de la Garza
Epique Realty
(323) 615-1579
119 Total Sales
1 in Commerce
$600,000 Price
-
Gonzalo Gomez
Gonzalo Gomez
EXCELLENCE RE REAL ESTATE
(562) 414-5730
40 Total Sales
2 in Commerce
$476,000 Price Range
-
Armando Arenas
Armando Arenas
GEORGE MICHAEL REALTY
(562) 454-0391
42 Total Sales
1 in Commerce
$590,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,270,000 | Fidelity National Title | ||
| Ppvs Properties Llc | $1,125,000 | Fidelity National Title | |
| Hurtado Carlos | -- | None Listed On Document | |
| Carmen Hurtado Revocable Living Trust | -- | -- | |
| Hurtado Carmen | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,140,000 | ||
| Closed | Eagle Investments Llc | $150,000 | |
| Closed | Eagle Investments Llc | $680,000 | |
| Previous Owner | Eagle Investments Inc | $650,000 | |
| Previous Owner | Ppvs Properties Llc | $1,125,000 | |
| Previous Owner | Hurtado Carmen | $250,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/25/2023 05/25/23 | Sold | $1,270,000 | -5.9% | $344 / Sq Ft | |
| 03/15/2023 03/15/23 | Pending | -- | -- | -- | |
| 02/23/2023 02/23/23 | For Sale | $1,350,000 | +20.0% | $366 / Sq Ft | |
| 09/15/2022 09/15/22 | Sold | $1,125,000 | +7.1% | $305 / Sq Ft | View Prior Sale |
| 08/30/2022 08/30/22 | Pending | -- | -- | -- | |
| 08/18/2022 08/18/22 | For Sale | $1,050,000 | -- | $284 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $18,082 | $1,347,732 | $903,087 | $444,645 |
| 2025 | $18,082 | $1,321,307 | $885,380 | $435,927 |
| 2024 | $17,196 | $1,295,400 | $868,020 | $427,380 |
| 2023 | $15,178 | $1,125,000 | $450,000 | $675,000 |
| 2022 | $3,066 | $110,926 | $17,183 | $93,743 |
| 2021 | $3,010 | $108,752 | $16,847 | $91,905 |
| 2019 | $2,948 | $105,529 | $16,349 | $89,180 |
| 2018 | $2,804 | $103,461 | $16,029 | $87,432 |
| 2016 | $2,621 | $99,445 | $15,407 | $84,038 |
| 2015 | $2,285 | $97,952 | $15,176 | $82,776 |
| 2014 | $2,309 | $96,034 | $14,879 | $81,155 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Seller's Agent in 2023
Kristopher German
RE/MAX
(909) 645-0443
127 Total Sales
-
Omar Najera
Buyer's Agent in 2023
Omar Najera
Anomaly Real Estate
(323) 788-1916
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23031162
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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