NOT LISTED FOR SALE

2526 Commerce Way Commerce, CA 90040

Estimated Value: $757,000 - $888,359

5 Beds
3 Baths
1,738 Sq Ft
$471/Sq Ft Est. Value

Last Sold August 11, 2020

Last sale price $615,000 $354 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,984/month

17 Days on Market

Highlights

  • Park
  • Bike Trail
  • 4-minute walk to Rosewood Park
  • Laundry Room

About This Home

As of August 2020

AMAZING LOCATION! This Duplex is located in one of the best locations in the city of commerce. The 2 units are clean and ready to move in. The main unit towards the back was remodeled from the inside about 3 years ago. This unit has two large bedrooms and a beautiful bathroom. The living room is super spacious. The front unit is the smaller of the two, but it is also in a clean condition. The BONUS ROOM in the back of the property has its own bathroom and separate entrance. Detached 1 car garage plus 2 extra parking spots on the back. The city of commerce offers LOTS of amenities for the residents. Perfect for two families or to add to your portfolio. These units sit at walking distance to the beautiful Rosewood park, Library, Civic center, City Gym, Senior Center, Brenda Villa Aquatic center ETC...Talk about amenities! Super calm and safe location, close to freeways and the citadel outlets. This property has more than the eye can see and they won't last.

Last Agent to Sell the Property

Noe Gomez Raya

SoCal 5 Real Estate License #01953313 Listed on: 05/29/2020

Last Buyer's Agent

Maria Cuadros

Castlerock Properties License #01930288

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,069

Year Built

  • Built in 1944

Lot Details

  • 5,470 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 1,738 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 178
  • Tax Tract Number 10556
  • Assessor Parcel Number 6334003017

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $20
  • Insurance Expense $50
  • Trash Expense $30
  • Water Sewer Expense $20
  • New Taxes Expense $248
  • Operating Expense $328
  • Gross Income $1,350
  • Net Operating Income $1,022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,069

Year Built

Built in 1944

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 20.00
  • Zoning: CMR3*
  • Property Type: Residential Income
  • Parcel Number: 6334003017
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 353.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 30.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5470.00
  • Lot Size Acres: 0.1256

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 20.00
  • Gross Income: 1350.00
  • Gross Scheduled Income: 1350.00
  • Insurance Expense: 50.00
  • Lot Size Area: 5470.0000 Square Feet
  • Net Operating Income: 1022.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 328.00
  • Rent Control: Yes
  • Total Actual Rent: 1350.00
  • Total Expenses: 328.00

Tax Info

  • New Taxes Expense: 248.00
  • Tax Census Tract: 5323.03
  • Tax Lot: 178
  • Tax Tract Number: 10556

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2021
Sold by
Gomez Oscar E and Esturban Vilma Ruth
Bought by
Esparza Alicia E and Esturban Julio Cesar
Current Estimated Value
$817,840

Purchase Details

Listed on
May 29, 2020
Closed on
Jun 23, 2020
Sold by
Angulo Maria A and Puentes Maria D
Bought by
Esparza Alicia E and Esturban Julio Cesar
Seller's Agent
Noe Gomez Raya
SoCal 5 Real Estate
Buyer's Agent
Maria Cuadros
Castlerock Properties
List Price
$615,000
Sold Price
$615,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$603,860
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 29, 2016
Closed on
Feb 18, 2017
Sold by
Puentes Felipe
Bought by
Puentes Maria D
Seller's Agent
Anastasia Busse
Silverstar Realty
Buyer's Agent
Antonio Pedroza
TAMAYO & ASSOC. R.E.
List Price
$485,000
Sold Price
$460,000
Premium/Discount to List
-$25,000
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.78%
Original Mortgage
$220,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 29, 2016
Closed on
Jan 10, 2017
Sold by
Rodriguez Johnny
Bought by
Angulo Maria A and Puentes Maria D
Seller's Agent
Anastasia Busse
Silverstar Realty
Buyer's Agent
Antonio Pedroza
TAMAYO & ASSOC. R.E.
List Price
$485,000
Sold Price
$460,000
Premium/Discount to List
-$25,000
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.12%
Mortgage Type
New Conventional
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
Esparza Alicia E $630,000 California Members Title Co
Esparza Alicia E $615,000 Pacific Coast Title Company
Puentes Maria D -- Ticor Title
Angulo Maria A $460,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Esparza Alicia E $603,860
Previous Owner Angulo Maria A $220,000
Previous Owner Rodriguez Maria Luz $46,000
Previous Owner Rodriguez Maria Luz $48,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2020 08/11/20 Sold $615,000 0.0% $354 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $615,000 +33.7% $354 / Sq Ft
02/27/2017 02/27/17 Sold $460,000 -5.2% $265 / Sq Ft
02/07/2017 02/07/17 For Sale $485,000 0.0% $279 / Sq Ft
12/12/2016 12/12/16 Pending -- -- --
11/29/2016 11/29/16 For Sale $485,000 -- $279 / 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 $18,069 $708,514 $508,848 $199,666
2024 $18,069 $694,622 $498,871 $195,751
2023 $18,089 $681,003 $489,090 $191,913
2022 $8,984 $667,650 $479,500 $188,150
2021 $7,582 $615,000 $450,000 $165,000
2020 $6,151 $488,155 $318,362 $169,793
2019 $5,956 $478,584 $312,120 $166,464
2018 $6,053 $469,200 $306,000 $163,200
2016 $1,133 $65,863 $23,175 $42,688
2015 $1,081 $64,874 $22,827 $42,047
2014 $1,079 $63,604 $22,380 $41,224
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20102973

California Regional Multiple Listing Service (CRMLS)

APN: 6334-003-017