NOT LISTED FOR SALE

2361 Cowlin Ave Commerce, CA 90040

Estimated Value: $751,000 - $894,000

4 Beds
2 Baths
1,638 Sq Ft
$489/Sq Ft Est. Value

Last Sold July 07, 2020

Last sale price $600,000 $366 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,025/month

7 Days on Market

Highlights

  • Private Yard
  • Central Heating
  • 2 Car Garage
  • Laundry Room

About This Home

As of July 2020

LOCATION LOCATION LOCATION!!! ONLY 10 MINUTES FROM DOWNTOWN LA, THIS WONDERFUL 2 UNIT DUPLEX IS LOCATED IN COMMERCE MOST DESIRABLE RESIDENTIAL AREA, TREE LINED STREETS SURROUNDED BY WELL CARED PROPERTIES. FIRST TIME ON THE MARKET IN 40 YEARS THIS GREAT PROPERTY IS PERFECT FOR AN INVESTOR OR COMBINED FAMILY LOOKING FOR THEIR FIRST HOME. EACH UNIT IS APPROXIMATELY 840 SQ FT. WITH A SHARED COURT YARD FOR ENTERTAINING AND ATTACHED 1-CAR GARAGE. CENTRALLY LOCATED TO SCHOOLS, PARKS, CITADEL RETAIL SHOPPING CENTER AND EASY FREEWAY ACCESS.

Last Agent to Sell the Property

Joevanni Moran

T.N.G. Real Estate Consultants License #01380386 Listed on: 03/05/2020

T.N.G. Real Estate Consultants

Last Buyer's Agent

HERMAN FLORES

CENTURY 21 REALTY MASTERS License #02055299

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,921

Year Built

  • Built in 1958

Lot Details

  • 4,754 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway
  • Assigned Parking

Home Design

  • 1,638 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Suburban Location
  • Central Heating

Listing and Financial Details

  • Tax Lot 372
  • Tax Tract Number 8047
  • Assessor Parcel Number 5244025013

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $800
  • Water Sewer Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,921

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: CMR1YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5244025013
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 366.30

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 4754.00
  • Lot Size Acres: 0.1091

Multi Family

  • Average2 Bed Area: 840 Square Feet
  • Insurance Expense: 800.00
  • Lot Size Area: 4754.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5323.02
  • Tax Lot: 372
  • Tax Tract Number: 8047

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2020
Sold by
Venegas Russell A and Venegas Stephanie N
Bought by
Torres Sergio A and Torres Mayra A
Current Estimated Value
$801,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,132
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 12, 2019
Sold by
Bachman Bruce E and The B & H Bachman Living Trust
Bought by
Venegas Russell A and Venegas Stephanie N

Purchase Details

Closed on
Jun 13, 2002
Sold by
Bachman Helen Marie
Bought by
Bachman Helen M and The B & H Bachman Living Trust

Purchase Details

Closed on
May 29, 1998
Sold by
Bachman Bruce E
Bought by
Bachman Helen Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.13%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Sergio A $600,000 Lawyers Title
Venegas Russell A -- None Available
Bachman Helen M -- --
Bachman Helen Marie -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Sergio A $589,132
Previous Owner Bachman Helen M $149,400
Previous Owner Bachman Helen Marie $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2020 07/07/20 Sold $600,000 +4.4% $366 / Sq Ft
03/12/2020 03/12/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $574,900 -- $351 / 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 $7,921 $649,457 $487,093 $162,364
2024 $7,921 $636,724 $477,543 $159,181
2023 $7,938 $624,240 $468,180 $156,060
2022 $7,658 $612,000 $459,000 $153,000
2021 $7,391 $600,000 $450,000 $150,000
2020 $1,247 $60,021 $24,182 $35,839
2019 $1,219 $58,845 $23,708 $35,137
2018 $1,152 $57,693 $23,244 $34,449
2016 $1,086 $55,455 $22,343 $33,112
2015 $1,037 $54,623 $22,008 $32,615
2014 $1,037 $53,554 $21,577 $31,977
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20050275

California Regional Multiple Listing Service (CRMLS)

APN: 5244-025-013