NOT LISTED FOR SALE

7018 Watcher St Commerce, CA 90040

Estimated Value: $794,000 - $1,225,000

7 Beds
5 Baths
3,211 Sq Ft
$325/Sq Ft Est. Value

Last Sold November 24, 2014

Last sale price $530,000 $165 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $6,378/month

232 Days on Market

About This Home

As of November 2014

Back on the market. Great income opportunity. Rent one, live in the other one. Close to 5 and 605 Freeways, schools, shopping and public transportation. Front house has 3bd/2ba with 2 car garage, small private area with patio and back area has awning which can be used as carport for small car; back house has 4bd/2.25ba with 2 car garage with separate small, fenced yard in back. Front house is currently tenant occupied. Back unit is owner occupied. Seller’s contingent upon finding replacement property and concurrent closing. **PLEASE DO NOT DISTURB TENANTS IN FRONT UNIT**. Back unit available to show after Saturday, February 15. All showings will be between 10AM-6PM with Supra Key, call for appt.

Last Agent to Sell the Property

Chris Ortiz

Excellence RE Real Estate License #01061258 Listed on: 05/29/2014

Last Buyer's Agent

Robert Oskin

Excellence RE Real Estate License #01210080

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,941

Year Built

  • Built in 1976

Lot Details

  • 7,910 Sq Ft Lot
  • Lot Dimensions are 50x155
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 1 Carport Space

Home Design

  • 3,211 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 6357012012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,620
  • Trash Expense $1,440
  • New Taxes Expense $6,745
  • Gross Income $1,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,941

Year Built

Built in 1976

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: Cmr3*
  • Property Type: Residential Income
  • Parcel Number: 6357012012
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 165.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 50x155
  • Lot Size Sq Ft: 7910.00
  • Lot Size Acres: 0.1820

Multi Family

  • Gross Income: 1850.00
  • Gross Scheduled Income: 22200.00
  • Insurance Expense: 1620.00
  • Lot Size Area: 7910.0000 Square Feet
  • 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

  • New Taxes Expense: 6745.00
  • Tax Area: 6519
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2014
Sold by
Gamboa Elva L
Bought by
Guerrero Ruben and Puga Mario
Current Estimated Value
$1,044,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,400
Interest Rate
4.1%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2004
Sold by
Arellano Rene and Arellano Priscilla Francine
Bought by
Aldana Luis M and Gamboa Elva L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
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
Guerrero Ruben $530,000 Fatcola
Gamboa Elva L -- Fatcola
Aldana Luis M $415,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerrero Ruben $520,400
Previous Owner Guerrero Ruben $520,400
Previous Owner Aldana Luis M $415,000
Previous Owner Arellano Rene $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2014 11/24/14 Sold $530,000 -1.9% $165 / Sq Ft
09/30/2014 09/30/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $540,000 -- $168 / 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 $7,941 $636,970 $288,440 $348,530
2024 $7,941 $624,482 $282,785 $341,697
2023 $7,958 $612,239 $277,241 $334,998
2022 $7,681 $600,235 $271,805 $328,430
2021 $7,407 $588,467 $266,476 $321,991
2020 $7,352 $582,434 $263,744 $318,690
2019 $7,120 $571,015 $258,573 $312,442
2018 $7,225 $559,819 $253,503 $306,316
2016 $6,892 $538,082 $243,660 $294,422
2015 $7,002 $530,000 $240,000 $290,000
2014 $5,957 $481,322 $220,364 $260,958
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Chris Ortiz

    Excellence RE Real Estate

    Section Image

  • R

    Buyer's Agent in 2014

    Robert Oskin

    Excellence RE Real Estate

    (562) 360-1650

    13 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14028343

California Regional Multiple Listing Service (CRMLS)

APN: 6357-012-012

California Los Angeles County Commerce 90040

7018 Watcher St, Commerce, CA

This home is located at 7018 Watcher St, Commerce, CA 90040 since 29 May 2014 and is currently estimated at $1,044,036, approximately $325 per square foot. This property was built in 1976. 7018 Watcher St is a home located in Los Angeles County with nearby schools including Suva Elementary School, Suva Intermediate School, and Bell Gardens High.

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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