NOT LISTED FOR SALE

2308 Bedessen Ave Commerce, CA 90040

Estimated Value: $650,000 - $833,000

3 Beds
2 Baths
1,233 Sq Ft
$584/Sq Ft Est. Value

Last Sold September 01, 2015

Last sale price $370,000 $300 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $4,399/month

19 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Tile Flooring

About This Home

As of September 2015

Great duplex home!! Located by major freeways and Citadel Outlets shopping center. Live in one and rent the other or Rent both units. Home has rod iron/ brick gate. Long drive way and a detached garage. Has a spacious front and back yard. Both units are equipped with washer & dryer hookups. Great opportunity in a great area!!! 1 unit consists of 1- 2 bedroom 1 bath and other 1 bedroom 1 bath. Units are currently tenant occupied.

Last Agent to Sell the Property

Luz Adriana Verduzco

El Camino Real Estate Brokerage Email: adrianaverduzco25@hotmail.com License #01272002 Listed on: 07/02/2015

Last Buyer's Agent

Irma Velasquez

Century 21 LOTUS License #01495972

Century 21 LOTUS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,509

Year Built

  • Built in 1925

Lot Details

  • 4,423 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,233 Sq Ft Home
  • Living Room with Fireplace
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 676
  • Tax Tract Number 8047
  • Assessor Parcel Number 5243027017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $570
  • Water Sewer Expense $1,080
  • New Taxes Expense $263
  • Operating Expense $1,913
  • Gross Income $2,300
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,509

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1080.00
  • Property Type: Residential Income
  • Parcel Number: 5243027017
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Fireplace Features: Living Room
  • Price Per Square Foot: 300.08

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4423.00
  • Price Per Lot Square Foot: 83.65
  • Lot Size Acres: 0.1020

Multi Family

  • Gross Income: 2300.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 570.00
  • Lot Size Area: 4423.0000 Square Feet
  • Net Operating Income: 27600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1912.00
  • Rent Control: No
  • Total Expenses: 1913.00

Tax Info

  • New Taxes Expense: 263.00
  • Tax Lot: 676
  • Tax Tract Number: 8047

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2016
Sold by
Linares Irene
Bought by
Linares Irene and Irene Linares Trust
Current Estimated Value
$719,642

Purchase Details

Listed on
Jul 2, 2015
Closed on
Jul 24, 2015
Sold by
Perez Manuel
Bought by
Linares Irene and Carranza Maria E
Seller's Agent
Luz Adriana Verduzco
El Camino Real Estate
Buyer's Agent
Irma Velasquez
Century 21 LOTUS
List Price
$375,000
Sold Price
$370,000
Premium/Discount to List
-$5,000
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$277,500
Outstanding Balance
$218,994
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$500,648

Purchase Details

Closed on
Sep 10, 2008
Sold by
Perez Manuel
Bought by
Perez Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,000
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2001
Sold by
Perez Irma
Bought by
Perez Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,010
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 11, 2001
Sold by
Cortinas Jaime and Cortinas Olga
Bought by
Perez Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,010
Interest Rate
7.05%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Linares Irene -- None Available
Linares Irene -- None Available
Linares Irene $370,000 Ortc
Perez Manuel -- Ortc
Perez Manuel -- Provident Title
Perez Manuel $168,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linares Irene $277,500
Previous Owner Perez Manuel $230,328
Previous Owner Perez Manuel $241,000
Previous Owner Perez Manuel $189,000
Previous Owner Perez Manuel $164,347
Previous Owner Perez Manuel $165,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2015 09/01/15 Sold $370,000 -1.3% $300 / Sq Ft
07/21/2015 07/21/15 Pending -- -- --
07/02/2015 07/02/15 For Sale $375,000 -- $304 / 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 $5,509 $437,998 $266,351 $171,647
2024 $5,509 $429,411 $261,129 $168,282
2023 $5,519 $420,992 $256,009 $164,983
2022 $5,327 $412,739 $250,990 $161,749
2021 $5,145 $404,647 $246,069 $158,578
2019 $4,946 $392,846 $238,771 $154,075
2018 $5,020 $385,148 $234,090 $151,058
2016 $4,801 $370,000 $225,000 $145,000
2015 $2,731 $206,492 $114,309 $92,183
2014 $2,704 $202,448 $112,070 $90,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15143781

California Regional Multiple Listing Service (CRMLS)

APN: 5243-027-017