NOT LISTED FOR SALE

7057 Lanto St Commerce, CA 90040

Estimated Value: $824,000 - $1,127,000

4 Beds
2 Baths
1,938 Sq Ft
$498/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $685,000 $353 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,807/month

34 Days on Market

About This Home

As of November 2018

Unique property you've been waiting for. 2 homes on a lot. Take advantage of all the amenities that come with being a Commerce home owner. Located with close proximity to freeway access, casino, shops, and parks. Currently being used as a 3 bedroom 1 bathroom home and a 1 bedroom 1 bathroom home. Both units have 2 car garages, separate front and back yards, separate meter for all utilities, and each have their own washer and dryer hook ups in the garage. Home on the right has been fully remolded, brand new interior paint, brand new flooring through out, remodeled bathroom and fully remodeled kitchen brand new cabinets with corian counter tops, stainless steel appliances are included in sale (refrigerator, microwave, and stove.)

Last Agent to Sell the Property

Alexandra Parra Rivera

CENTURY 21 REALTY MASTERS License #01763911 Listed on: 09/04/2018

CENTURY 21 REALTY MASTERS

Co-Listed By

JASMINE GARCIA

CENTURY 21 REALTY MASTERS License #01893193

Last Buyer's Agent

Sergio Paz

Excellence RE Real Estate License #01795025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 6,414 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 4 Car Garage

Home Design

  • 1,938 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5323
  • Assessor Parcel Number 6357011022

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $900
  • New Taxes Expense $8,749
  • Operating Expense $9,649
  • Net Operating Income $43,751

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 6357011022
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 353.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6414.00
  • Lot Size Acres: 0.1472

Multi Family

  • Gross Scheduled Income: 53400.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6414.0000 Square Feet
  • Net Operating Income: 43751.00
  • 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
  • Rent Control: No
  • Total Expenses: 9649.00

Tax Info

  • New Taxes Expense: 8749.00
  • Tax Census Tract: 5323.04
  • Tax Lot: 2
  • Tax Tract Number: 5323

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2018
Closed on
Nov 6, 2018
Sold by
Hurst James B
Bought by
Diaz Jose G and Jose G Diaz Revocable Trust
Seller's Agent
Alexandra Parra Rivera
CENTURY 21 REALTY MASTERS
Buyer's Agent
Sergio Paz
Excellence RE Real Estate
List Price
$699,900
Sold Price
$685,000
Premium/Discount to List
-$14,900
-2.13%
Current Estimated Value
$964,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,497
Avg. Annual Appreciation
4.94%

Purchase Details

Closed on
Nov 16, 2010
Sold by
Hurst James B and Joanne Krusee Trust
Bought by
Hurst James B

Purchase Details

Closed on
Mar 4, 2010
Sold by
Krusee Joanne and Krussee Joanne Rowley
Bought by
Krusee Joanne and Joanne Krusee Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Diaz Jose G $685,000 Wfg National Title Company
Hurst James B -- None Available
Krusee Joanne -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2018 11/21/18 Sold $685,000 -2.1% $353 / Sq Ft
10/08/2018 10/08/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $699,900 -- $361 / 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 $9,217 $766,641 $446,205 $320,436
2024 $9,217 $751,609 $437,456 $314,153
2023 $9,236 $736,873 $428,879 $307,994
2022 $8,909 $722,425 $420,470 $301,955
2021 $8,596 $708,261 $412,226 $296,035
2019 $8,229 $685,000 $400,000 $285,000
2018 $5,551 $425,617 $180,156 $245,461
2016 $5,302 $409,092 $173,161 $235,931
2015 $4,981 $402,948 $170,560 $232,388
2014 $4,921 $395,055 $167,219 $227,836
Source: Public Records

Agents Affiliated with this Home

  • Alexandra Parra Rivera

    Seller's Agent in 2018

    Alexandra Parra Rivera

    CENTURY 21 REALTY MASTERS

    (323) 482-0705

    3 in this area

    68 Total Sales

    Alexandra Parra Rivera
    Section Image
  • JASMINE GARCIA

    Seller Co-Listing Agent in 2018

    JASMINE GARCIA

    CENTURY 21 REALTY MASTERS

    (626) 926-4874

    32 Total Sales

    JASMINE GARCIA
    Section Image

  • S

    Buyer's Agent in 2018

    Sergio Paz

    Excellence RE Real Estate

    (562) 862-1161

    19 Total Sales

    Sergio Paz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB18215522

California Regional Multiple Listing Service (CRMLS)

APN: 6357-011-022

California Los Angeles County Commerce 90040

7057 Lanto St, Commerce, CA

Not Listed for Sale

MultiFamily

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