NOT LISTED FOR SALE

1545 Miracle Place Commerce, CA 90022

Estimated Value: $712,000 - $823,538

1 Bed
1 Bath
1,720 Sq Ft
$451/Sq Ft Est. Value

Last Sold January 06, 2021

Last sale price $560,000 $326 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,726/month

125 Days on Market

Highlights

  • Cul-De-Sac
  • Laundry Room
  • Level Lot
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Front Yard

About This Home

As of January 2021

Incredible South Montebello Duplex opportunity for owner occupied or investors. Beautiful Spanish style duplex with upgraded windows
and wood laminate flooring. Duplex is sitting on large lot. Existing Duplex has units with 1 bedroom plus a den and 1 bathrooms. Less then
a mile to Montebello Metro Link Station.

Last Agent to Sell the Property

Angelica Ruedas

California Brokers License #01238986 Listed on: 08/17/2020

Last Buyer's Agent

Manuel Davila

MERIT REALTY GROUP License #01022995

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 6,449 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Level Lot
  • Front Yard

Home Design

  • 1,720 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 90
  • Tax Tract Number 8967
  • Assessor Parcel Number 6351038016

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,500
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $1,269
  • Operating Expense $5,169
  • Gross Income $34,800
  • Net Operating Income $29,631

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: CMR3YY
  • Property Type: Residential Income
  • Parcel Number: 6351038016
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 325.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Level with Street
  • Lot Size Sq Ft: 6449.00
  • Lot Size Acres: 0.1480

Multi Family

  • Average1 Bed Area: 860 Square Feet
  • Gross Income: 34800.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6449.0000 Square Feet
  • Net Operating Income: 29631.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 5169.00
  • Rent Control: No
  • Total Expenses: 5169.00

Tax Info

  • New Taxes Expense: 1269.00
  • Tax Census Tract: 5323.03
  • Tax Lot: 90
  • Tax Tract Number: 8967

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2021 01/06/21 Sold $560,000 -2.6% $326 / Sq Ft
12/20/2020 12/20/20 Pending -- -- --
12/09/2020 12/09/20 For Sale $575,000 0.0% $334 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
09/14/2020 09/14/20 Price Changed $575,000 -1.7% $334 / Sq Ft
08/17/2020 08/17/20 For Sale $585,000 -- $340 / 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 $7,800 $606,161 $454,621 $151,540
2024 $7,525 $594,276 $445,707 $148,569
2023 $7,538 $582,624 $436,968 $145,656
2022 $7,274 $571,200 $428,400 $142,800
2021 $6,957 $554,444 $363,790 $190,654
2020 $1,298 $57,164 $21,265 $35,899
2019 $1,269 $56,045 $20,849 $35,196
2018 $1,234 $54,947 $20,441 $34,506
2016 $1,164 $52,816 $19,649 $33,167
2015 $1,114 $52,023 $19,354 $32,669
2014 $1,112 $51,005 $18,975 $32,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR20167217

California Regional Multiple Listing Service (CRMLS)

APN: 6351-038-016