NOT LISTED FOR SALE

2321 Ayers Ave Commerce, CA 90040

Estimated Value: $774,000 - $914,000

4 Beds
2 Baths
2,029 Sq Ft
$413/Sq Ft Est. Value

Last Sold October 21, 2019

Last sale price $610,000 $301 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,235/month

8 Days on Market

Highlights

  • No HOA
  • Living Room
  • Accessible Parking
  • Bell High School Rated A-
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of October 2019

This a fantastic income opportunity for a start up investor or future resident. The duplex features a front patio with tile flooring and secured gate parking on the driveway. When you walk in, you will notice the recently remodeled floors have been well maintained and each kitchen displays wooden cabinets with a granite countertop finish. The property is located right off the I-710 freeway and less than 6 miles from DTLA.

Last Agent to Sell the Property

Brittany Espinoza

Keller Williams Newport Estates License #02084232 Listed on: 08/29/2019

Keller Williams Newport Estates

Last Buyer's Agent

Aaron Mejia

Christie's Int. R.E. SoCal License #01896881

Christie's Int. R.E. SoCal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,079

Year Built

  • Built in 1912

Lot Details

  • 4,793 Sq Ft Lot
  • No Common Walls
  • Front Yard Sprinklers

Parking

  • 2 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 2,029 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 713
  • Tax Tract Number 8047
  • Assessor Parcel Number 5243024004

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
  • Gardener Expense $40
  • Insurance Expense $656
  • Water Sewer Expense $245
  • New Taxes Expense $4,560
  • Operating Expense $8,636
  • Gross Income $40,500
  • Net Operating Income $14,642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,079

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 9495007863
  • Other Phone Number: 9495007863
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 245.00
  • Zoning: CMR2YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 40.00
  • Parcel Number: 5243024004
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Levels: One
  • Price Per Square Foot: 300.64
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 4793.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40500.00
  • Gross Scheduled Income: 3375.00
  • Insurance Expense: 656.00
  • Lot Size Area: 4793.0000 Square Feet
  • Net Operating Income: 14642.00
  • 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: 25858.00
  • Rent Control: No
  • Total Expenses: 8636.00

Tax Info

  • New Taxes Expense: 4560.00
  • Tax Census Tract: 5323.02
  • Tax Lot: 713
  • Tax Tract Number: 8047

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2024
Sold by
Aranda Torres Gerardo and Aranda Vanessa Castaneda-Hinojosa
Bought by
Torres Gerardo Aranda
Current Estimated Value
$838,880

Purchase Details

Listed on
Aug 29, 2019
Closed on
Sep 10, 2019
Sold by
Sanchez Hugo
Bought by
Aranda Torres Gerardo and Castaneda Hinojosa Vanessa
Seller's Agent
Brittany Espinoza
Keller Williams Newport Estates
Buyer's Agent
Aaron Mejia
Christie's Int. R.E. SoCal
List Price
$575,000
Sold Price
$610,000
Premium/Discount to List
$35,000
6.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.59%
Original Mortgage
$598,951
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 25, 2015
Sold by
Bolanos Sanchez Dichi Hugo and Bolanos Lara Martha Marlyn
Bought by
Sanchez Dichi Hugo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,043
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 9, 2015
Sold by
Sanchez Hugo
Bought by
Bolanos Sanchez Hugo and Bolanos Lara Marlyn

Purchase Details

Listed on
Apr 23, 2013
Closed on
Jun 13, 2013
Sold by
Bolanos Lara Martha Marlyn
Bought by
Sanchez Dichi Hugo
Seller's Agent
Douglas Carrillo
Century 21 Allstars
Buyer's Agent
Douglas Carrillo
Century 21 Allstars
List Price
$379,900
Sold Price
$382,000
Premium/Discount to List
$2,100
0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$375,081
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 23, 2013
Closed on
May 10, 2013
Sold by
Radical Enterprises Inc
Bought by
Dichi Hugo Sanchez
Seller's Agent
Douglas Carrillo
Century 21 Allstars
Buyer's Agent
Douglas Carrillo
Century 21 Allstars
List Price
$379,900
Sold Price
$382,000
Premium/Discount to List
$2,100
0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,081
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 14, 2012
Closed on
Feb 25, 2013
Sold by
Hsbc Bank Usa National Association
Bought by
Radical Enterprises Inc
Seller's Agent
Robert Paredez
ReMax Tiffany Real Estate
Buyer's Agent
Robert Paredez
ReMax Tiffany Real Estate
List Price
$273,000
Sold Price
$270,500
Premium/Discount to List
-$2,500
-0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
215.98%
Original Mortgage
$301,000
Interest Rate
3.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2011
Sold by
Marin Luis
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Aug 4, 2004
Sold by
Grijalva Ramona R
Bought by
Marin Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Torres Gerardo Aranda -- --
Aranda Torres Gerardo $610,000 Western Resources Title
Sanchez Dichi Hugo -- North American Title Company
Bolanos Sanchez Hugo -- Commonwealth Land Title Co
Sanchez Dichi Hugo -- Fidelity National Title
Dichi Hugo Sanchez $382,000 Fidelity National Title
Radical Enterprises Inc $271,000 Fidelity National Title
Hsbc Bank Usa National Association $222,000 Accommodation
Marin Luis $405,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Gerardo Aranda $592,000
Previous Owner Aranda Torres Gerardo $598,951
Previous Owner Sanchez Dichi Hugo $359,043
Previous Owner Dichi Hugo Sanchez $375,081
Previous Owner Radical Enterprises Inc $301,000
Previous Owner Radical Enterprises Inc $301,000
Previous Owner Marin Luis $324,000
Closed Marin Luis $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2019 10/21/19 Sold $610,000 +6.1% $301 / Sq Ft
09/06/2019 09/06/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $575,000 +50.5% $283 / Sq Ft
06/18/2013 06/18/13 Sold $382,000 +0.6% $188 / Sq Ft
06/18/2013 06/18/13 Pending -- -- --
04/23/2013 04/23/13 For Sale $379,900 +40.4% $187 / Sq Ft
03/01/2013 03/01/13 Sold $270,500 -0.9% $133 / Sq Ft
02/01/2013 02/01/13 Pending -- -- --
12/14/2012 12/14/12 For Sale $273,000 -- $135 / 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 $8,079 $723,558 $370,449 $353,109
2024 $8,079 $654,039 $353,824 $300,215
2023 $8,095 $641,216 $346,887 $294,329
2022 $7,809 $628,644 $340,086 $288,558
2021 $7,613 $616,318 $333,418 $282,900
2020 $7,556 $610,000 $330,000 $280,000
2019 $5,332 $421,687 $165,583 $256,104
2018 $5,403 $413,420 $162,337 $251,083
2016 $5,076 $397,368 $156,034 $241,334
2015 $4,768 $391,400 $153,691 $237,709
2014 $4,709 $383,734 $150,681 $233,053
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19202800

California Regional Multiple Listing Service (CRMLS)

APN: 5243-024-004