2458 Gaspar Avenue, Commerce, California 90040, Commerce, 90040 - 3 bed, 2 bath
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2458 Gaspar Avenue
Commerce, California 90040
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,233Sq Ft
5,173Lot Size
Property Price
LIST PRICE$709,000
EST. MARKET VALUE
$720,744
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $749,000—positioned well above the $705,162 Fair Market Value by -6%. While the property requires capital for modernization, the 5,173 sqft lot and Two Car Detached Garage with a Possible Studio Apt conversion offer significant value-add potential. With a Condition Rating of 4, this asset is ideal for Buy-and-Hold Investors or Contractors capable of executing a renovation plan to maximize long-term rental ROI in this prime Commerce location.
Estimated Market Value
$720,744
Based on Realkey algorithm analyzing recent comparable sales in Commerce.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2458 Gaspar Avenue Subject | $709,000* List Price | 3 | 2 | 1,233 | $585 | - |
A 6039 Bartmus Street Sold | $725,000 | 2 | 1 | 1,375 | $527 | 0.3 mi |
B 5026 Quigley Street Sold | $699,000 | 3 | 1 | 1,158 | $604 | 0.8 mi |
C 2231 Fitzgerald Sold | $650,000 | 2 | 1 | 942 | $690 | 0.5 mi |
D 5573 Pueblo Court Active | $830,000 List Price | 3 | 3 | 1,528 | $543 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1944, the property is dated and requires 'TLC' as noted in the description. The kitchen features older laminate countertops and cabinets missing doors, while the presence of a wall heater indicates an outdated HVAC system. Although the living area has newer laminate flooring, the overall condition reflects a need for minor repairs and significant cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in a highly desirable area of Commerce, the property is within walking distance of Rosewood Community Park and the Aquatic Center, offering excellent local amenities.
- Value-Add Potential
The detached two-car garage and additional den/studio space provide a significant opportunity for an ADU conversion or rental unit to maximize the property's ROI.
- Functional Layout
Featuring a desirable 3-bedroom, 2-bathroom configuration on a mid-sized lot, this home serves as an ideal footprint for a starter family or investor.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is noted as needing 'TLC,' indicating that immediate capital investment will be required for repairs and modernization.
- Dated Infrastructure
Built in 1944, the home likely requires updates to major systems such as electrical, plumbing, or roofing to meet contemporary standards.
About 2458 Gaspar Avenue
Back on the Market! Buyer did not perform. Huge Price Adjustment! Location Location Location! This can be your perfect starter home. Located in a highly desired area of the City of Commerce. This home features 3 bedroom and 2 bathrooms with 1233 sqft of living space. Good size lot at 5173 sqft with a Two Car Detached Garage. Also features a Small Den / Studio Apt conversion with kitchenette, Bathroom and Private Entrance for In-laws quarters or potential rental income. Lots of possibilities. This is a Great Commerce location. Walking distance to Rosewood Community Park and Aquatic Center. Close to freeways, Citadel Outlets and Public Transportation. Add a little love and make this your new home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1944
- Lot Size
- 5,173 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,233 | 1,500.167 |
| Lot Size | 5,173 | 4,927.833 |
| Price | $709.0K | $772.8K |
| Price per sq ft | $575 | $567 |
| Built year | 1944 | 1945 |
| HOA | $0 | $0 |
| Days on market | 62 | 72 |
Pricing History
Listed for Sale
Sep 2, 2026
$709,000
$749,000
-5% Price Drop
Initial Listing
Price Change
Jul 9, 2026
$749,000
Initial Listing