Seller's Agent in 2021
Shelly Hilliard
Coldwell Banker Realty
(714) 580-4500
1 in this area
60 Total Sales
7135 Watcher St Commerce, CA 90040
Estimated Value: $1,227,000 - $1,407,000
10
Beds
6
Baths
3,404
Sq Ft
$397/Sq Ft
Est. Value
Highlights
- No Units Above
- Open Floorplan
- High Ceiling
- 0.25 Acre Lot
- Traditional Architecture
- Granite Countertops
About This Home
As of August 20215% Cap rate!!! Great opportunity for a homeowner looking for income or an investor. 3 units in total. The front house is the largest unit, approx. 1200 sqft. with 3 bedrooms / 2 baths, spacious front yard and attached 2-car garage with direct access. The middle unit has 4 bedrooms / 2 bathrooms and a large open floor plan and attached garage. The back unit has an open floorplan with 3 bedrooms / 2 bathrooms, an attached garage and backyard. The units have newer kitchens with granite counter tops. All the units have interior laundry, and central-air. All tenants are long-term on a month-to-month rental agreements, and are current on rents and pay all their own utilities. Each unit is separately metered for gas, water and electric. Great location close to freeways, business districts, shopping and a public library.
Last Agent to Sell the Property
Coldwell Banker Realty License #01968101 Listed on: 05/08/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 0.25 Acre Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Wrought Iron Fence
- Block Wall Fence
- Fence is in good condition
- Density is up to 1 Unit/Acre
Parking
- 3 Car Direct Access Garage
- Parking Available
- Single Garage Door
- Shared Driveway
Home Design
- Triplex
- Traditional Architecture
- Slab Foundation
- Copper Plumbing
- Stucco
Interior Spaces
- 3,404 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Beamed Ceilings
- High Ceiling
- Ceiling Fan
- Living Room
- Laundry Room
Kitchen
- Gas and Electric Range
- Granite Countertops
- Tile Countertops
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Additional Features
- More Than Two Accessible Exits
- Exterior Lighting
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 22
- Tax Tract Number 532
- Assessor Parcel Number 6357014008
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $1,500
- New Taxes Expense $15,275
- Operating Expense $16,775
- Gross Income $84,600
- Net Operating Income $68,497
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 17, 2000
Sold by
Hinojales Reynaldo T and Hinojales Rassel V
Bought by
Ramirez Gregory A
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,215
Interest Rate
7.12%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ramirez Gregory A | $322,500 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ramirez Gregory A | $310,215 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/23/2021 08/23/21 | Sold | $1,240,000 | -4.6% | $364 / Sq Ft |
| 05/08/2021 05/08/21 | For Sale | $1,299,988 | -- | $382 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,347 | $1,315,897 | $785,293 | $530,604 |
| 2024 | $15,930 | $1,290,096 | $769,896 | $520,200 |
| 2023 | $15,968 | $1,264,800 | $754,800 | $510,000 |
| 2022 | $15,408 | $1,240,000 | $740,000 | $500,000 |
| 2021 | $6,146 | $448,928 | $228,292 | $220,636 |
| 2020 | $6,103 | $444,326 | $225,952 | $218,374 |
| 2019 | $5,922 | $435,615 | $221,522 | $214,093 |
| 2018 | $5,861 | $427,075 | $217,179 | $209,896 |
| 2016 | $5,585 | $410,494 | $208,747 | $201,747 |
| 2015 | $5,259 | $404,329 | $205,612 | $198,717 |
| 2014 | $5,206 | $396,410 | $201,585 | $194,825 |
Source: Public Records
Agents Affiliated with this Home
-
Shelly Hilliard
-
Ogie Obaseki
Buyer's Agent in 2021
Ogie Obaseki
EVERGREEN HOMES
(951) 732-2998
1 in this area
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21098374
APN: 6357-014-008
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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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