NOT LISTED FOR SALE

2400 Couts Ave Commerce, CA 90040

Estimated Value: $672,278 - $820,000

2 Beds
2 Baths
1,152 Sq Ft
$635/Sq Ft Est. Value

Last Sold February 25, 2013

Last sale price $310,000 $269 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $4,223/month

14 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Rectangular Lot
  • Wood Flooring
  • Laundry Room
  • Wall Furnace

About This Home

As of February 2013

This cute Commerce Duplex, located in an excellent neighborhood is close to everything, with easy access to the 5 & 710 freeways, has just undergone an extensive remodel & is priced for an immediate sale!!!....Highlights include: a light, bright & open floor plan w/ new custom exterior & interior paint, brand new kitchens w/ granite countertops, with large open Living Rooms. Beautifully upgraded baths w/ brand new stone & custom tile shower & accents with granite vanities & new fixtures. Lush landscaping giving these units gorgeous curb appeal! This Duplex is a great investment opportunity with an estimated market rent around $1,600/mo. Investors, don’t miss out!!!! (previous owner converted the garage; buyer to verify permits.)

Last Agent to Sell the Property

Polly Watts

Sundae Homes License #00895696 Listed on: 01/11/2013

Last Buyer's Agent

Alejandro Lopez

The Real Estate Club License #01858567

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 4,343 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,152 Sq Ft Home
  • Living Room
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 5031
  • Assessor Parcel Number 5244032011

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $1,600
  • Net Operating Income $19,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 5244032011
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Levels: One
  • Price Per Square Foot: 269.10
  • Room Type: Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 4343.00
  • Lot Size Acres: 0.1000

Multi Family

  • Gross Income: 1600.00
  • Gross Scheduled Income: 19200.00
  • Lot Size Area: 4343.0000 Square Feet
  • Net Operating Income: 19200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 5031
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2013
Closed on
Feb 4, 2013
Sold by
Martingale Investments Llc
Bought by
Giles Serbando
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Alejandro Lopez
The Real Estate Club
List Price
$299,900
Sold Price
$310,000
Premium/Discount to List
$10,100
3.37%
Current Estimated Value
$731,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,070
Avg. Annual Appreciation
6.89%
Original Mortgage
$304,385
Outstanding Balance
$213,665
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$517,405

Purchase Details

Closed on
Oct 15, 2012
Sold by
Cruz Lemus Myriam
Bought by
Martingale Investments Llc

Purchase Details

Closed on
Mar 24, 2006
Sold by
Cruz Lemus Myriam and Anda Felipe
Bought by
Cruz Lemus Myriam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 1997
Sold by
Cobas Juliette Tr Cobas Trust
Bought by
Anda Felipe and Cruz Miriam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,510
Interest Rate
7.31%
Mortgage Type
FHA
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
Giles Serbando $310,000 Title 365
Martingale Investments Llc $209,100 Title 365
Cruz Lemus Myriam -- Fidelity National Title Agen
Anda Felipe $112,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giles Serbando $304,385
Previous Owner Cruz Lemus Myriam $198,000
Previous Owner Anda Felipe $111,510
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2013 02/25/13 Sold $310,000 +3.4% $269 / Sq Ft
01/25/2013 01/25/13 Pending -- -- --
01/11/2013 01/11/13 For Sale $299,900 -- $260 / 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 $4,849 $381,732 $307,852 $73,880
2024 $4,849 $374,248 $301,816 $72,432
2023 $4,857 $366,911 $295,899 $71,012
2022 $4,689 $359,718 $290,098 $69,620
2021 $4,528 $352,665 $284,410 $68,255
2019 $4,354 $342,207 $275,975 $66,232
2018 $4,424 $335,498 $270,564 $64,934
2016 $4,231 $322,471 $260,058 $62,413
2015 $3,977 $317,628 $256,152 $61,476
2014 $3,930 $311,407 $251,135 $60,272
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS13004211

California Regional Multiple Listing Service (CRMLS)

APN: 5244-032-011