5037 Gafford, Commerce, California 90040, Commerce, 90040 - 2 bed, 1 bath
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5037 Gafford
Commerce, California 90040
ACTIVE
CONDITION: GOOD
2Beds
1Baths
796Sq Ft
4,205Lot Size
Property Price
LIST PRICE$629,000
EST. MARKET VALUE
$617,317
SUMMARY
This property represents a Strong Value Opportunity, listed at $629,000—positioned slightly above the $617,318 Fair Market Value. While not a discount acquisition, the home offers a Condition Rating of 3, featuring a Modernized Interior and a highly functional ADU/Bonus Living Area that provides significant rental income potential. Its central location near the Citadel Outlets ensures high tenant demand. This is a stable, move-in-ready asset ideal for Buy-and-Hold Investors or first-time buyers looking to offset their mortgage through the separate living unit.
Estimated Market Value
$617,317
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 |
|---|---|---|---|---|---|---|
★ 5037 Gafford Subject | $629,000* List Price | 2 | 1 | 796 | $776 | - |
A 2231 Fitzgerald Sold | $650,000 | 2 | 1 | 942 | $690 | 0.3 mi |
B 2513 Travers Sold | $725,000 | 2 | 1 | 817 | $887 | 0.9 mi |
C 2153 Fitzgerald Pending | $649,000 List Price | 2 | 1 | 838 | $774 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the structure dates back to 1924, the interior has undergone significant renovations including an updated kitchen, bathrooms, and modern laminate flooring. The property appears well-maintained and move-in ready; however, the use of window AC units indicates older HVAC systems, preventing an 'Excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Additional Living Unit
The property includes a separate bonus living area with its own updated bathroom, providing excellent potential for rental income or multi-generational living.
- Modernized Interior
The home features an updated kitchen and bathroom with contemporary laminate wood flooring, offering a move-in-ready aesthetic for buyers.
- Prime Central Location
Conveniently situated near the Citadel Outlets and Commerce Casino, the property benefits from high accessibility and well-maintained curb appeal.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At only 796 square feet, the main living area is relatively compact, which may be a constraint for growing families or those needing more interior space.
- Century-Old Structure
Built in 1924, the home's age may necessitate closer inspection of underlying systems like plumbing and electrical that are common concerns in older properties.
About 5037 Gafford
*** Home with an ADU/Bonus Living Area *** You best run, NOT walk to this opportunity to own a home in the City of Commerce. This two-bedroom home is centrally located and just minutes from the famous Citadel Outlets and Commerce Casino. It consists of an updated kitchen and bathroom with laminate wood flooring throughout and a dining area just off the living room. Spacious bedrooms and an inside laundry area. backyard that is perfect to entertain family and friends. Not to mention, separate living area with its own updated bathroom. A long driveway for additional parking. A curb appeal that is noticeably maintained from the moment you arrive. This home a MUST see! See you here =)
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 4,205 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.8 |
| Baths | 1.0 | 2.3 |
| Square foot | 796 | 1,500.167 |
| Lot Size | 4,205 | 4,927.833 |
| Price | $629.0K | $772.8K |
| Price per sq ft | $790 | $567 |
| Built year | 1924 | 1945 |
| HOA | $0 | $0 |
| Days on market | 15 | 72 |
Pricing History
Listed for Sale
Aug 25, 2026
$629,000
Initial Listing
Sold
Sep 7, 2022
$480,000
Public Record
Sold
Jun 1, 2022
$410,000
Public Record