NOT LISTED FOR SALE

1542 S Eastern Ave Commerce, CA 90040

Estimated Value: $769,070 - $872,000

5 Beds
3 Baths
2,205 Sq Ft
$368/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $560,000 $254 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,894/month

278 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Tile Flooring
  • Double Pane Windows
  • Bungalow
  • Ceiling Fan

About This Home

As of October 2019

No Rent Control!Two stand-alone houses on a large lot! . This is a great duplex featuring One 3 bed / 1 bath front house, One 1 bed/1 bath back house with an additional bootleg one bedroom, one bath apt. All units have a private back yard, and two units have washer/dryer hook ups. Owners unit includes parking for 2 cars. Recent new exterior paint,some new interior paint, some new copper plumbing, new concrete patio, new vanity, flooring and some newer windows. This is the perfect opportunity to live in one and rent the other two. No rent control. Located near the 5, 710, and 60 freeways. Near shopping centers, restaurants, schools and public transportation.

Last Agent to Sell the Property

Melissa Gomez

American Beachside Brokers License #01237349 Listed on: 01/20/2019

Last Buyer's Agent

Lorraine Wong

Berkshire Hathaway HomeServices California Properties License #01512741

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,048 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Back and Front Yard

Home Design

  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Raised Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Stucco
  • Adobe

Interior Spaces

  • 2,205 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 253
  • Tax Tract Number 5100
  • Assessor Parcel Number 5241030009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $960
  • New Taxes Expense $6,800
  • Operating Expense $8,360
  • Gross Income $53,400
  • Net Operating Income $47,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Gravel
  • Water Sewer Expenses: 960.00
  • Zoning: CMM1*
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 5241030009
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 253.97
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Adobe, Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5048.00
  • Lot Size Acres: 0.1159

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 612 Square Feet
  • Average3 Bed Area: 1000 Square Feet
  • Gross Multiplier: 10.67
  • Gross Operating Income: 53400.00
  • Gross Scheduled Income: 53400.00
  • Gross Spendable Income: 53400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5048.0000 Square Feet
  • Net Operating Income: 47400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Actual Rent: 2150.00
  • Total Expenses: 8360.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 6800.00
  • Tax Census Tract: 5323.02
  • Tax Lot: 253
  • Tax Tract Number: 5100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2019
Closed on
Sep 11, 2019
Sold by
Charitan Maria De Los Angeles
Bought by
Sandoval Juan and Sandoval Lydia
Seller's Agent
Melissa Gomez
American Beachside Brokers
Buyer's Agent
Lorraine Wong
Berkshire Hathaway HomeServices California Properties
List Price
$574,999
Sold Price
$560,000
Premium/Discount to List
-$14,999
-2.61%
Current Estimated Value
$811,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,018
Avg. Annual Appreciation
6.22%
Original Mortgage
$420,000
Interest Rate
3.7%

Purchase Details

Closed on
Jan 27, 2017
Sold by
Lemus Anita and Anita Lemus Revocable Trust
Bought by
Lemus Anita and Anita Lemus Revocable Trust

Purchase Details

Closed on
Feb 16, 2006
Sold by
Lemus Anita and Anita Lemus Revocable Trust
Bought by
Lemus Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2001
Sold by
Lemus Anita
Bought by
Lemus Anita and The Anita Lemus Revocable Trus
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sandoval Juan $560,000 Stewart Title Of Ca Inc
Lemus Anita -- None Available
Lemus Anita -- None Available
Lemus Anita -- Stewart Title Of California
Lemus Anita -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sandoval Juan $420,000
Previous Owner Lemus Anita $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2019 10/31/19 Sold $560,000 -1.8% $254 / Sq Ft
10/25/2019 10/25/19 Pending -- -- --
08/14/2019 08/14/19 Price Changed $569,999 0.0% $259 / Sq Ft
02/19/2019 02/19/19 Price Changed $570,000 -0.9% $259 / Sq Ft
01/20/2019 01/20/19 For Sale $574,999 -- $261 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $7,734 $612,437 $393,710 $218,727
2024 $7,734 $600,430 $385,991 $214,439
2023 $7,599 $588,658 $378,423 $210,235
2022 $7,229 $577,116 $371,003 $206,113
2021 $7,146 $565,801 $363,729 $202,072
2020 $7,204 $560,000 $360,000 $200,000
2019 $3,814 $287,490 $132,088 $155,402
2018 $3,681 $281,854 $129,499 $152,355
2016 $3,511 $270,911 $124,471 $146,440
2015 $3,453 $266,843 $122,602 $144,241
2014 $3,457 $261,617 $120,201 $141,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19015043

California Regional Multiple Listing Service (CRMLS)

APN: 5241-030-009