7019 Lanto St Commerce, CA 90040
Estimated payment $5,833/month
Highlights
- 0.48 Acre Lot
- Laundry Room
- 1-Story Property
About This Home
Come see this great investment opportunity! This fourplex boasts three separate homes on a spacious lot with further potential to build additional units. The front home is a classic California bungalow with 2 bedrooms and 1 bath. The back home is currently used as a 2-bedroom, 1-bath residence. This property will make a solid addition to your real estate portfolio and has significant fixer-up potential. Two units have new roofs, and two units have new bathrooms. Just minutes away from the renowned Commerce Casino, offering entertainment options and a vibrant nightlife for residents. Enjoy easy access to shopping centers, including the famous Citadel Outlets, parks, and recreational facilities that enhance the living experience in Commerce. This four-unit property represents a remarkable investment opportunity for investors looking to benefit from the growing rental market in Commerce, CA. With four units, you can expect reliable cash flow and the potential for appreciation in this thriving community. Don’t miss out on this chance to add a valuable asset to your portfolio. Schedule a viewing today and explore the full potential this property has to offer!
Listing Agent
Millennium Empire Realty Brokerage Phone: 562-382-4157 License #01838884 Listed on: 07/28/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1927
Lot Details
- 0.48 Acre Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,457 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Listing and Financial Details
- Tax Lot 12
- Tax Tract Number 5323
- Assessor Parcel Number 6357011001
- $1,398 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $2,000
- Trash Expense $200
- Operating Expense $2,200
- Gross Income $7,150
- Net Operating Income $7,150
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,308 | $523,343 | $270,907 | $252,436 |
| 2024 | $7,308 | $513,083 | $265,596 | $247,487 |
| 2023 | $7,316 | $503,024 | $260,389 | $242,635 |
| 2022 | $7,082 | $493,162 | $255,284 | $237,878 |
| 2021 | $6,845 | $483,493 | $250,279 | $233,214 |
| 2020 | $6,798 | $478,536 | $247,713 | $230,823 |
| 2019 | $6,602 | $469,154 | $242,856 | $226,298 |
| 2018 | $6,514 | $459,956 | $238,095 | $221,861 |
| 2016 | $6,216 | $442,097 | $228,850 | $213,247 |
| 2015 | $5,863 | $435,457 | $225,413 | $210,044 |
| 2014 | $5,813 | $426,928 | $220,998 | $205,930 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/03/2026 01/03/26 | Pending | -- | -- | -- |
| 12/22/2025 12/22/25 | Price Changed | $1,000,000 | -9.1% | $289 / Sq Ft |
| 10/13/2025 10/13/25 | Price Changed | $1,100,000 | -8.3% | $318 / Sq Ft |
| 09/22/2025 09/22/25 | For Sale | $1,200,000 | 0.0% | $347 / Sq Ft |
| 09/04/2025 09/04/25 | Pending | -- | -- | -- |
| 07/28/2025 07/28/25 | For Sale | $1,200,000 | -- | $347 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $350,003 | North American Title Company | |
| Grant Deed | -- | North American Title Company | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | $825,000 | Gateway Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $660,000 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25168718
APN: 6357-011-001
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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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