NOT LISTED FOR SALE

7149 E Gage Ave Commerce, CA 90040

Estimated Value: $1,073,534 - $1,272,000

7 Beds
3 Baths
2,700 Sq Ft
$438/Sq Ft Est. Value

Last Sold June 24, 2015

Last sale price $600,000 $222 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $6,996/month

Highlights

  • 0.28 Acre Lot
  • Laundry Room
  • 4-minute walk to Veterans Memorial Park
  • No HOA
  • Wall Furnace

About This Home

As of June 2015

Great 3 unit property with a ton of potential!

Last Agent to Sell the Property

Aaron Juarez

Cal American Homes License #01295422 Listed on: 06/24/2015

Last Buyer's Agent

Karina Veliz

Veliz Empire Realty License #01238964

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.28 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Parking Spaces

Home Design

  • 2,700 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Wall Furnace
  • Source of electricity is unknown

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 5323
  • Assessor Parcel Number 6357016021

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $650
  • Trash Expense $687
  • Water Sewer Expense $1,650
  • New Taxes Expense $8,125
  • Gross Income $3,675
  • Net Operating Income $36,055

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1650.00
  • Property Type: Residential Income
  • Parcel Number: 6357016021
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 222.00

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - Unknown
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 687.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12037.00
  • Price Per Lot Square Foot: 49.85
  • Lot Size Acres: 0.2760

Multi Family

  • Gross Income: 3675.00
  • Gross Scheduled Income: 44100.00
  • Insurance Expense: 650.00
  • Lot Size Area: 12037.0000 Square Feet
  • Net Operating Income: 36055.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 8045.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 8125.00
  • Tax Lot: 25
  • Tax Tract Number: 5323

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2021
Sold by
Escobar Veronica and Gutierrez Veronica
Bought by
Veronica Gutierrez Revocable Trust and Gutierrez
Current Estimated Value
$1,181,384

Purchase Details

Closed on
Mar 17, 2015
Sold by
Juarez Manuel and Juarez Rosa Maria
Bought by
Escobar Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,132
Interest Rate
4.25%
Mortgage Type
FHA
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
Veronica Gutierrez Revocable Trust -- None Listed On Document
Escobar Veronica $600,000 Pacific Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Escobar Veronica $589,132
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2015 06/24/15 Sold $600,000 0.0% $222 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
06/24/2015 06/24/15 For Sale $600,000 -- $222 / 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 $9,385 $721,098 $420,641 $300,457
2024 $9,385 $706,960 $412,394 $294,566
2023 $9,397 $693,099 $404,308 $288,791
2022 $8,857 $679,510 $396,381 $283,129
2021 $8,553 $666,187 $388,609 $277,578
2020 $8,491 $659,357 $384,625 $274,732
2019 $8,227 $646,430 $377,084 $269,346
2018 $8,285 $633,756 $369,691 $264,065
2016 $7,837 $609,149 $355,337 $253,812
2015 $4,735 $359,719 $220,426 $139,293
2014 -- $352,674 $216,109 $136,565
Source: Public Records

Agents Affiliated with this Home

  • Aaron Juarez

    Seller's Agent in 2015

    Aaron Juarez

    Cal American Homes

    (909) 917-8388

    104 Total Sales

    Aaron Juarez
    Section Image

  • K

    Buyer's Agent in 2015

    Karina Veliz

    Veliz Empire Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15137090

California Regional Multiple Listing Service (CRMLS)

APN: 6357-016-021

California Los Angeles County Commerce 90040

7149 E Gage Ave, Commerce, CA

Not Listed for Sale

MultiFamily

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