5101 E Washington Boulevard, Commerce, California 90040, Commerce, 90040 - bed, bath
ACTIVE$718,000
5101 E Washington Boulevard, Commerce, California 90040
0Bed
0Bath
1,622Sqft
4,326Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Property: As a duplex, this property offers significant potential for rental income, making it attractive to investors or owner-users looking to offset mortgage costs.
Top Cons:
Advanced Age of Property: Built in 1939, the property is 85 years old, indicating a high likelihood of needing significant updates to major systems (electrical, plumbing, HVAC) and potentially incurring higher ongoing maintenance and repair costs.
Compared to the nearby listings
Price:$718.0K vs avg $760.0K ($-42,000)33%
Size:1,622 sqft vs avg 2,458 sqft33%
Price/sqft:$443 vs avg $35467%
More Insights
Built in 1939 (86 years old).
Condition: Built in 1939, this 85-year-old duplex shows significant signs of age and neglect. The interior images reveal extremely outdated kitchen and bathroom facilities, likely original or from very early renovations, requiring complete overhauls. The kitchen features old cabinets, a basic range, and dated flooring, while the bathroom has old tile and fixtures. The presence of a window AC unit suggests a lack of central HVAC. Given its age and visible condition, major systems (electrical, plumbing, HVAC) are highly likely to require substantial repairs or replacement. The exterior also appears dated and unmaintained, indicating the property needs extensive rehabilitation to meet modern living standards.
Year Built
1939
Close
-
List price
$718K
Original List price
$718K
Price/Sqft
$443
HOA
-
Days on market
-
Sold On
-
MLS number
PW25027070
Home ConditionPoor
Features
View-
About this home
This is a perfect owner user property. Good access from 710, 5, 10, and 60 freeways.
Price History
Date
Event
Price
11/21/18
Sold
$420,000
Condition Rating
Poor
Built in 1939, this 85-year-old duplex shows significant signs of age and neglect. The interior images reveal extremely outdated kitchen and bathroom facilities, likely original or from very early renovations, requiring complete overhauls. The kitchen features old cabinets, a basic range, and dated flooring, while the bathroom has old tile and fixtures. The presence of a window AC unit suggests a lack of central HVAC. Given its age and visible condition, major systems (electrical, plumbing, HVAC) are highly likely to require substantial repairs or replacement. The exterior also appears dated and unmaintained, indicating the property needs extensive rehabilitation to meet modern living standards.
Pros & Cons
Pros
Income-Generating Property: As a duplex, this property offers significant potential for rental income, making it attractive to investors or owner-users looking to offset mortgage costs.
Strategic Freeway Access: The property boasts excellent connectivity to major freeways (710, 5, 10, and 60), enhancing its appeal for commuters and facilitating easy access to various parts of Southern California.
Owner-User Potential: Explicitly marketed as a 'perfect owner user property,' it caters to buyers who wish to reside in one unit while renting out the other, or potentially utilize the space for a business (subject to zoning).
Established Urban Location: Located in Commerce, an established area with a blend of residential and commercial activity, suggesting stable demand for both housing and rental properties.
Lot Size: A 4326 sqft lot for a duplex in an urban setting provides potential for outdoor space, parking, or future expansion opportunities, subject to local zoning regulations.
Cons
Advanced Age of Property: Built in 1939, the property is 85 years old, indicating a high likelihood of needing significant updates to major systems (electrical, plumbing, HVAC) and potentially incurring higher ongoing maintenance and repair costs.
Limited Property Description: The brief description lacks critical details such as the number of bedrooms/bathrooms per unit, current condition, recent renovations, or existing rental income, which are essential for evaluating an income property and necessitate extensive due diligence.
Potential for Outdated Features: Given its age, the property likely features outdated interior layouts and finishes, which may require substantial investment for modernization to attract competitive rental rates or meet contemporary owner-user preferences.