NOT LISTED FOR SALE

6726 Lanto St Commerce, CA 90040

Estimated Value: $1,769,450 - $1,893,000

11 Beds
7 Baths
4,208 Sq Ft
$435/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $1,598,000 $380 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $11,250/month

14 Days on Market

Highlights

  • 0.26 Acre Lot
  • Laundry Room
  • Front Yard
  • No HOA

About This Home

As of May 2023

A great investment opportunity for investor to own a well maintained 6 units multi-family property, located in the most desirable residential area in the city of Commerce. This pride of ownership apartment is composed of a 2-story building (6732 Lanto) & 3 one-story individual cottages (6726-6730 Lanto) & a big storage building approx. 300 sqft sitting on a large lot of 11,438 sqft. The building of 6732 Lanto St built in 1963 consists of 3 identical 2/1 units each 750 sqft; 6730 Lanto St-1947 built 2/1.75, 639 sqft; 6728 Lanto St-1949 built 1/1+den, 587 sqft; 6726 Lanto St-1950 built 2/1, approx 738 sqft. Most units have been updated. All units have individual laundry hookups & upgrade windows. Covered carport & extra open parking spaces. Rent upside potential. Mins to Citadel Outlets/Rosewood Park/Commerce Public Library. Easy access to Fwy 5, 710, 60, 605.

Last Agent to Sell the Property

Dorcas Mao

E 2000 Realty License #00932549 Listed on: 04/11/2023

Last Buyer's Agent

Jose Leon

Pak Home Realty License #01813677

Pak Home Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,208 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Parking

  • 3 Open Parking Spaces
  • 10 Parking Spaces
  • 7 Carport Spaces

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 32968
  • Assessor Parcel Number 6357005001
  • $1,995 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $2,530
  • Maintenance Expense $2,624
  • Trash Expense $2,099
  • Water Sewer Expense $1,622
  • New Taxes Expense $20,360
  • Operating Expense $29,954
  • Gross Income $109,320
  • Net Operating Income $79,366

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 4.87
  • Property Attached: Yes
  • Water Sewer Expenses: 1621.70
  • Zoning: CMR3*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 6357005001
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 379.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Carport, Inside, Outside
  • Sewer: Public Sewer
  • Trash Expense: 2098.70
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11438.00
  • Lot Size Acres: 0.2626

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 109320.00
  • Gross Scheduled Income: 109320.00
  • Insurance Expense: 2530.00
  • Lot Size Area: 11438.0000 Square Feet
  • Maintenance Expense: 2624.00
  • Net Operating Income: 79366.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 29954.00
  • Rent Control: No
  • Total Actual Rent: 9110.00
  • Total Expenses: 29954.00

Tax Info

  • New Taxes Expense: 20360.00
  • Tax Census Tract: 5323.04
  • Tax Lot: 10
  • Tax Tract Number: 32968
  • TaxOtherAnnualAssessmentAmount: 1995.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2023
Closed on
May 17, 2023
Sold by
Awg Family Trust
Bought by
Raygoza Brenda
Seller's Agent
Dorcas Mao
E 2000 Realty
Buyer's Agent
Jose Leon
Pak Home Realty
List Price
$1,628,800
Sold Price
$1,598,000
Premium/Discount to List
-$30,800
-1.89%
Views
115
Current Estimated Value
$1,831,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,225
Avg. Annual Appreciation
5.23%

Purchase Details

Listed on
Apr 11, 2023
Closed on
May 11, 2023
Sold by
Rivera Jesus Montoya
Bought by
Raygoza Brenda
Seller's Agent
Dorcas Mao
E 2000 Realty
Buyer's Agent
Jose Leon
Pak Home Realty
List Price
$1,628,800
Sold Price
$1,598,000
Premium/Discount to List
-$30,800
-1.89%
Views
115

Purchase Details

Closed on
Jul 15, 2019
Sold by
Lujan Lujan Javier Javier and Lujan Castro Alma
Bought by
Wang Anna H and The Awg Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.8%

Purchase Details

Closed on
Apr 3, 2001
Sold by
Lujan Efrain and Lujan Delia
Bought by
Lujan Efrain and Lujan Delia

Purchase Details

Closed on
Aug 2, 1999
Sold by
Lujan Efrain and Lujan Delia
Bought by
Lujan Efrain and Lujan Delia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Raygoza Brenda $1,598,000 Socal Title Company
Raygoza Brenda -- Socal Title Company
Wang Anna H $1,450,000 Chicago Title Company
Lujan Efrain -- --
Lujan Efrain -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Anna H $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2023 05/26/23 Sold $1,598,000 -1.9% $380 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $1,628,800 0.0% $387 / Sq Ft
12/13/2019 12/13/19 Rented $1,750 0.0% --
12/12/2019 12/12/19 Under Contract -- -- --
11/13/2019 11/13/19 For Rent $1,750 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,777 $1,662,559 $936,360 $726,199
2024 $20,777 $1,629,960 $918,000 $711,960
2023 $19,950 $1,524,207 $683,265 $840,942
2022 $19,270 $1,494,321 $669,868 $824,453
2021 $18,614 $1,465,022 $656,734 $808,288
2020 $18,494 $1,450,000 $650,000 $800,000
2019 $3,284 $119,659 $21,734 $97,925
2018 $3,076 $117,313 $21,308 $96,005
2016 $2,877 $112,760 $20,482 $92,278
2015 $2,772 $111,067 $20,175 $90,892
2014 $2,782 $108,892 $19,780 $89,112
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23059230

California Regional Multiple Listing Service (CRMLS)

APN: 6357-005-001