2458 Gaspar Avenue, Commerce, California 90040, Commerce, 90040 - 3 bed, 2 bath
Loading property details...
Commerce, California 90040
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2458 Gaspar Avenue Subject | $749,000* List Price | 3 | 2 | 1,233 | $572 | - |
A 6039 Bartmus Street Sold | $725,000 | 2 | 1 | 1,375 | $527 | 0.3 mi |
B 2153 Fitzgerald Pending | $649,000 List Price | 2 | 1 | 838 | $774 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
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features older laminate countertops and cabinets missing doors, while the presence of a wall heater indicates an outdated HVAC system.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.
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.
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.
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.
The property is noted as needing 'TLC,' indicating that immediate capital investment will be required for repairs and modernization.
Built in 1944, the home likely requires updates to major systems such as electrical, plumbing, or roofing to meet contemporary standards.
Location Location Location! This can be the perfect starter home. Located in the highly desired 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 / Possible Studio Apt conversion. Loads of potential. 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 TLC and come call 2458 Gaspar Ave your new home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,233 | 1,200.5 |
| Lot Size | 5,173 | 4,239.5 |
| Price | $749.0K | $754.2K |
| Price per sq ft | $607 | $663 |
| Built year | 1944 | 1945 |
| HOA | $0 | $0 |
| Days on market | 13 | 67 |
Jul 9, 2026
$749,000
Initial Listing