NOT LISTED FOR SALE

2263 Couts Ave Commerce, CA 90040

Estimated Value: $672,588 - $728,000

2 Beds
1 Bath
1,100 Sq Ft
$634/Sq Ft Est. Value

Last Sold July 02, 2018

Last sale price $425,000 $386 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,013/month

77 Days on Market

Highlights

  • No HOA
  • Front Yard
  • 5-minute walk to Bandini Park
  • Laundry Room
  • 1-Story Property

About This Home

As of July 2018

This Income producing property is located walking distance from Bandini Park. The unit is a fixer upper being sold in as is condition. 2 bed/1 bath. The garage has also been converted. Property has a large yard with a long driveway. Property is located with easy access to 710/5 fwy and are nearby the Citadel Outlets, Commerce Casino, and Commerce Shopping Center.

Last Agent to Sell the Property

Arlene Byerly

Berkshire Hathaway HomeServices California Realty License #01332205 Listed on: 12/07/2017

Berkshire Hathaway HomeServices California Realty

Last Buyer's Agent

Arlene Byerly

Berkshire Hathaway HomeServices California Realty License #01332205 Listed on: 12/07/2017

Berkshire Hathaway HomeServices California Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 4,998 Sq Ft Lot
  • No Common Walls
  • Front Yard
  • 5244021027

Interior Spaces

  • 1,100 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

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

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 254
  • Tax Tract Number 8047
  • Assessor Parcel Number 5244021026

Community Details

Overview

  • No Home Owners Association

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,250
  • Fuel Expense $800
  • Insurance Expense $850
  • Water Sewer Expense $1,600
  • Operating Expense $4,500
  • Gross Income $28,800
  • Net Operating Income $24,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1600.00
  • Zoning: CMR1YY
  • Property Type: Residential Income
  • Parcel Number: 5244021026
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 386.36

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5244021027
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4998.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1250.00
  • Fuel Expense: 800.00
  • Gross Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 850.00
  • Net Operating Income: 24300.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 4500.00
  • Rent Control: No
  • Total Expenses: 4500.00

Tax Info

  • Tax Census Tract: 5323.02
  • Tax Lot: 254
  • Tax Tract Number: 8047

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2019
Sold by
Rivera Francisco Antonio and Rivera Patricia
Bought by
Vargas David Angel
Current Estimated Value
$697,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2018
Sold by
Medina Maria
Bought by
Rivera Francisco Antonio and Rivera Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,562
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 2004
Sold by
Kerr Jeanette
Bought by
Medina Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 1996
Sold by
Kerr Jeanette
Bought by
Kerr Jeanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,750
Interest Rate
7.84%
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
Vargas David Angel -- Fidelity National Title
Rivera Francisco Antonio $425,000 Lawyers Title
Medina Maria $210,000 Lawyers Title
Kerr Jeanette -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vargas David Angel $391,000
Previous Owner Rivera Francisco Antonio $381,562
Previous Owner Medina Maria $168,000
Previous Owner Kerr Jeanette $30,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2018 07/02/18 Sold $425,000 +6.5% $386 / Sq Ft
02/28/2018 02/28/18 Price Changed $399,000 -6.1% $363 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
12/30/2017 12/30/17 Off Market $425,000 -- --
12/07/2017 12/07/17 For Sale $480,000 -- $436 / 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 $4,413 $351,383 $267,722 $83,661
2024 $4,413 $344,494 $262,473 $82,021
2023 $4,421 $337,740 $257,327 $80,413
2022 $4,266 $331,119 $252,282 $78,837
2021 $4,119 $324,628 $247,336 $77,292
2019 $3,959 $315,000 $240,000 $75,000
2018 $2,565 $187,423 $124,952 $62,471
2016 $2,446 $180,147 $120,100 $60,047
2015 $2,302 $177,442 $118,296 $59,146
2014 $2,275 $173,967 $115,979 $57,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG17271433

California Regional Multiple Listing Service (CRMLS)

APN: 5244-021-026