NOT LISTED FOR SALE

7532 Wellman St Commerce, CA 90040

Estimated Value: $699,000 - $1,054,000

4 Beds
2 Baths
2,161 Sq Ft
$408/Sq Ft Est. Value

Last Sold August 21, 2014

Last sale price $462,000 $214 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $5,363/month

22 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Carpet

About This Home

As of August 2014

Opportunity Knocks! Two separate units! Excellent opportunity to own property in the beautiful City of Commerce- "The Model City"! Property is conveniently located to Veteran's Park, Citadel Outlets, Commerce Casino, schools and FWYS. Front unit features 2 bedrooms, 1 bath, large den (currently being used as a bedroom), beautifully remodeled kitchen with gorgeous kitchen cabinets, granite counter tops, stainless steel stove, dishwasher, and patio on side of the unit for those summer afternoon BBQ's; ideal for entertaining. Here you will have plenty of room for the entire family, including your pet.
Rear unit is very private which features 2 bedrooms, 1 bath and spacious living room, private parking with its own yard. Plus you will have the chance to enjoy all the amazing benefits "The Model City" has to offer its residents such as Camp Commerce in Lake Arrowhead where you can enjoy a family vacation for a very, very low fee; the "Brenda Villa Aquatic Indoor Center" home of water polo and swimming teams; exercise at the Physical Fitness Center free of charge to all current Commerce residents; Free Commerce transportation and so much more. So hurry submit your offer today, and don't let this opportunity pass you by.

Last Agent to Sell the Property

Lucy Ramirez

Sunrise Acceptance Corp. License #01186103 Listed on: 05/07/2014

Last Buyer's Agent

George Guerrero

TEAM GEORGE REALTY License #01244786

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,114

Year Built

  • Built in 1963

Lot Details

  • 6,873 Sq Ft Lot
  • No Common Walls

Home Design

  • 2,161 Sq Ft Home

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 40
  • Tax Tract Number 5323
  • Assessor Parcel Number 6356011009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $540
  • Water Sewer Expense $420
  • New Taxes Expense $5,737
  • Operating Expense $6,697
  • Gross Income $2,000
  • Net Operating Income $23,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,114

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Other Phone Description: 323-369-0469
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 420.00
  • Zoning: CMR2
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 6356011009
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 213.79
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Sewer Available
  • Appliances: Dishwasher, Free-Standing Range
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 6873.00
  • Lot Size Acres: 0.1580

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2000.00
  • Gross Operating Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Lot Size Area: 6873.0000 Square Feet
  • Net Operating Income: 23040.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Patio: 2
  • Number With Range: 1
  • Operating Expense: 960.00
  • Rent Control: No
  • Total Expenses: 6697.00

Tax Info

  • New Taxes Expense: 5737.00
  • Tax Lot: 40
  • Tax Tract Number: 5323
  • Tax Annual Amount: 1114.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2014
Sold by
Kulikoff William R and Kulikoff Family Trust
Bought by
Ramirez Mariana
Current Estimated Value
$873,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,632
Interest Rate
4.12%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Ramirez Mariana $462,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Mariana $507,000
Closed Ramirez Mariana $530,626
Closed Ramirez Mariana $452,366
Previous Owner Ramirez Mariana $453,632
Previous Owner Rodriguez Liza $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2014 08/21/14 Sold $462,000 +0.7% $214 / Sq Ft
05/29/2014 05/29/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $459,000 -- $212 / 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 $6,958 $555,246 $360,551 $194,695
2024 $6,958 $544,360 $353,482 $190,878
2023 $6,972 $533,687 $346,551 $187,136
2022 $6,731 $523,223 $339,756 $183,467
2021 $6,496 $512,965 $333,095 $179,870
2019 $6,245 $497,752 $323,216 $174,536
2018 $6,308 $487,993 $316,879 $171,114
2016 $6,025 $469,045 $304,575 $164,470
2015 $5,658 $462,000 $300,000 $162,000
2014 $1,122 $58,150 $21,975 $36,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14098439

California Regional Multiple Listing Service (CRMLS)

APN: 6356-011-009