NOT LISTED FOR SALE

4873 Astor Ave Commerce, CA 90040

Estimated Value: $739,000 - $938,000

5 Beds
3 Baths
1,902 Sq Ft
$457/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $575,000 $302 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,228/month

11 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • 1-Story Property
  • No HOA
  • Landscaped
  • 2-minute walk to Bandini Park

About This Home

As of June 2018

First time on the market in over 40 years! This is a great investment and the opportunity you've been looking for. This Duplex in comprised of 2 separate buildings;first unit is a 3 bedroom 2 full bath, second unit is 2 bedroom, 1 full bath in an over-sized 7,638 SF LOT in the heart of Commerce. Property is to be sold AS IS, Non-rent controlled units with both units being delivered vacant at the close of escrow. This is a perfect owner-user opportunity, 2 families living together, investment portfolio, or an easy-to-own income property for any level of investor. Property has separate electric meters, separate washer and dryer hook ups, 2-car detached garage, and a driveway that can fit up to 3 vehicles. Buyers and buyer's agent to verify entire condition & all information on this property on their own. Information deemed reliable but not guaranteed. Buyer to conduct an independent investigation related to property size, permits, zoning, building restrictions, etc. Property sold as is without warranty expressed or implied.

Last Agent to Sell the Property

Auri Vega

ReMax New Dimension License #01816084 Listed on: 03/26/2018

ReMax New Dimension

Co-Listed By

Jennifer Avellan

Keller Williams SELA License #01468000

Last Buyer's Agent

Auri Vega

ReMax New Dimension License #01816084 Listed on: 03/26/2018

ReMax New Dimension

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,638 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Private Yard
  • Front Yard

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,902 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 53
  • Tax Tract Number 8047
  • Assessor Parcel Number 5244010002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $576
  • Insurance Expense $600
  • Trash Expense $300
  • Water Sewer Expense $540
  • New Taxes Expense $7,470
  • Operating Expense $9,486
  • Gross Income $18,000
  • Net Operating Income $8,514

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 540.00
  • Zoning: CMR2YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5244010002
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 302.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Yard
  • Lot Size Sq Ft: 7638.00
  • Lot Size Acres: 0.1753

Multi Family

  • Electric Expense: 576.00
  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 600.00
  • Lot Size Area: 7638.0000 Square Feet
  • Net Operating Income: 8514.00
  • 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: 9486.00
  • Other Income Description: income only from 2/1 unit
  • Rent Control: No
  • Total Actual Rent: 18000.00
  • Total Expenses: 9486.00

Tax Info

  • New Taxes Expense: 7470.00
  • Tax Census Tract: 5323.02
  • Tax Lot: 53
  • Tax Tract Number: 8047

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2018
Closed on
Jun 27, 2018
Sold by
Hernandez David
Bought by
Hernandez Alma Alicia
Seller's Agent
Auri Vega
ReMax New Dimension
Buyer's Agent
Auri Vega
ReMax New Dimension
List Price
$559,000
Sold Price
$575,000
Premium/Discount to List
$16,000
2.86%
Current Estimated Value
$870,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,014
Avg. Annual Appreciation
5.68%

Purchase Details

Listed on
Mar 26, 2018
Closed on
Jun 22, 2018
Sold by
Gamboa Fred
Bought by
Castellon Sandra
Seller's Agent
Auri Vega
ReMax New Dimension
Buyer's Agent
Auri Vega
ReMax New Dimension
List Price
$559,000
Sold Price
$575,000
Premium/Discount to List
$16,000
2.86%

Purchase Details

Closed on
Apr 16, 2018
Sold by
Hernandez Alma Alicia
Bought by
Castellon Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,585
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2006
Sold by
Cervantes Crescencio
Bought by
Hernandez Alma Alicia

Purchase Details

Closed on
Jun 6, 2002
Sold by
Cervantes Maria Rosario
Bought by
Cervantes Crescencio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.74%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 5, 2000
Sold by
Cervantes Consuelo
Bought by
Cervantes Crescencio

Purchase Details

Closed on
Nov 10, 1999
Sold by
Cervantes Consuelo
Bought by
Cervantes Consuelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.95%

Purchase Details

Closed on
Aug 9, 1989
Sold by
Cervantes Crescencio M
Bought by
Cervantes Consuelo
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
Hernandez Alma Alicia -- First American Title Company
Castellon Sandra -- First American Title Company
Castellon Sandra $575,000 First American Title Company
Hernandez Alma Alicia -- None Available
Cervantes Crescencio -- Commonwealth Land Title Co
Cervantes Crescencio -- --
Cervantes Consuelo -- Gateway Title Company
Cervantes Consuelo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castellon Sandra $564,585
Previous Owner Cervantes Crescencio $70,000
Previous Owner Cervantes Consuelo $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $575,000 +2.9% $302 / Sq Ft
04/13/2018 04/13/18 Price Changed $559,000 0.0% $294 / Sq Ft
04/13/2018 04/13/18 For Sale $559,000 -2.8% $294 / Sq Ft
04/06/2018 04/06/18 Pending -- -- --
04/02/2018 04/02/18 Off Market $575,000 -- --
03/26/2018 03/26/18 For Sale $499,000 -- $262 / 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 $8,024 $654,246 $477,885 $176,361
2024 $8,024 $641,418 $468,515 $172,903
2023 $8,042 $628,842 $459,329 $169,513
2022 $7,760 $616,513 $450,323 $166,190
2021 $7,489 $604,426 $441,494 $162,932
2020 $7,433 $598,230 $436,968 $161,262
2019 $7,195 $586,500 $428,400 $158,100
2018 $8,079 $638,193 $414,475 $223,718
2016 $6,904 $544,000 $357,000 $187,000
2015 $5,050 $409,000 $268,400 $140,600
2014 $5,080 $409,000 $268,400 $140,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18068799

California Regional Multiple Listing Service (CRMLS)

APN: 5244-010-002