NOT LISTED FOR SALE

6621 E Gage Ave Commerce, CA 90040

Estimated Value: $1,264,000 - $1,663,000

9 Beds
6 Baths
3,686 Sq Ft
$407/Sq Ft Est. Value

Last Sold January 22, 2013

Last sale price $645,000 $175 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $9,024/month

14 Days on Market

About This Home

As of January 2013

***STANDARD SALE*** Excellent Opportunity to Purchase a Triplex Income Property in a Wonderful Quiet Neighborhood! ***Large Square Footage...county records shows 3686 sq ft on a 12434 sq ft Lot! ***All units have just been REMODELED w/ ***Brand New GRANITE! ***Brand New Paint!! ***Brand New Carpet!! Each unit is estimated to rent at $1800.00/ month for a total of $5400.00 or more each month for and ANNUAL est INCOME OF $64800.00 or More...Year After Year of steady income! Close to Great Schools & Parks!! Excellent freeway access for commuting. Quick Response to all offers. Hurry, will sell fast!***

Last Agent to Sell the Property

Rick Young

Young Estate Services License #01818513 Listed on: 12/19/2012

Last Buyer's Agent

Rick Lopez

Scott Anastasi Realty, Inc. License #01826065

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,084

Year Built

  • Built in 1984

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 3,686 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 6357002021

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,084

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 6357002021
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 174.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Sewer: Unknown

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 12434.00
  • Lot Size Acres: 0.2850

Multi Family

  • Gross Income: 5400.00
  • Gross Scheduled Income: 64800.00
  • Lot Size Area: 12434.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2012
Closed on
Dec 31, 2012
Sold by
Gb Inland Properties Llc
Bought by
Gage Brynhurst Llc
Seller's Agent
Rick Young
Young Estate Services
Buyer's Agent
Rick Lopez
Scott Anastasi Realty, Inc.
List Price
$699,000
Sold Price
$645,000
Premium/Discount to List
-$54,000
-7.73%
Current Estimated Value
$1,501,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$856,900
Avg. Annual Appreciation
6.25%

Purchase Details

Closed on
Aug 8, 2012
Sold by
Cortez Javier
Bought by
Gb Inland Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
3.63%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 11, 2006
Sold by
Cortez Maria E
Bought by
Cortez Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 8, 2006
Sold by
Ruiz Roberto R and Ruiz Aracely G
Bought by
Cortez Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization
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
Gage Brynhurst Llc $645,000 Ticor Title Riverside
Gb Inland Properties Llc $490,000 Accommodation
Cortez Javier -- Ticor Title Co Fullerton Bra
Cortez Javier $1,000,000 Ticor Title Co Fullerton Bra
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gb Inland Properties Llc $5,000,000
Previous Owner Cortez Javier $150,000
Previous Owner Cortez Javier $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2013 01/22/13 Sold $645,000 -7.7% $175 / Sq Ft
01/02/2013 01/02/13 Pending -- -- --
12/19/2012 12/19/12 For Sale $699,000 -- $190 / 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 $10,084 $794,259 $369,423 $424,836
2024 $10,084 $778,686 $362,180 $416,506
2023 $10,104 $763,419 $355,079 $408,340
2022 $9,759 $748,451 $348,117 $400,334
2021 $9,419 $733,777 $341,292 $392,485
2020 $9,350 $726,254 $337,793 $388,461
2019 $9,060 $712,015 $331,170 $380,845
2018 $9,111 $698,055 $324,677 $373,378
2016 $8,699 $670,950 $312,070 $358,880
2015 $8,173 $660,873 $307,383 $353,490
2014 $8,075 $647,928 $301,362 $346,566
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Rick Young

    Young Estate Services

    Section Image

  • R

    Buyer's Agent in 2013

    Rick Lopez

    Scott Anastasi Realty, Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG12152676

California Regional Multiple Listing Service (CRMLS)

APN: 6357-002-021

California Los Angeles County Commerce 90040

6621 E Gage Ave, Commerce, CA

This home is located at 6621 E Gage Ave, Commerce, CA 90040 since 19 December 2012 and is currently estimated at $1,501,900, approximately $407 per square foot. This property was built in 1984. 6621 E Gage Ave is a home located in Los Angeles County with nearby schools including Rosewood Park School, Bell Gardens High, and St. Gertrude the Great Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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