NOT LISTED FOR SALE

10310 Paramount Blvd Downey, CA 90241

7 Beds
5 Baths
6,942 Sq Ft
13,919 Sq Ft Lot

Last Sold January 05, 2018

Last sale price $2,350,000 $339 Per Sq Ft

14 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Rectangular Lot
  • No HOA
  • West Facing Home
  • Heating System Uses Natural Gas

About This Home

As of January 2018

Well Maintained 12 Unit Building in Excellent North Downey Location. Great Rental Property featuring ten 1 Bedroom/1 Bathroom Units plus two Commercial Units in Front, 17 Covered Parking Spaces plus Uncovered Guest Spaces, Updated Windows and Newer Roof. Rents are Under Market but potential income could be $169,800 annually.

Last Agent to Sell the Property

Dale Jervis

Century 21 Jervis & Associates License #00849695 Listed on: 08/13/2017

Century 21 Jervis & Associates

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.32 Acre Lot
  • No Common Walls
  • West Facing Home
  • Rectangular Lot

Parking

  • 3 Open Parking Spaces
  • 17 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 6,942 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 4340
  • Assessor Parcel Number 6251031008

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $4,500
  • Maintenance Expense $20,510
  • Pest Control $600
  • Trash Expense $9,607
  • New Taxes Expense $36,000
  • Operating Expense $74,017
  • Gross Income $2,400
  • Net Operating Income $73,247

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0.32 Acres

Parking

17

Listing Details

  • Assessments: Yes
  • CapRate: 3.30
  • Improvements Percent: 75.30
  • Property Attached: No
  • Road Frontage Type: City Street
  • Zoning: DOR3*
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6251031008
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 338.52

Exterior Features

  • Direction Faces: West
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 17.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Individual Room
  • Pest Control Expense: 600.00
  • Sewer: Unknown
  • Trash Expense: 9607.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 25.70
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 13919.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2400.00
  • Gross Multiplier: 14.88
  • Gross Operating Income: 147264.00
  • Gross Scheduled Income: 153400.00
  • Gross Spendable Income: 73247.00
  • Insurance Expense: 4500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Maintenance Expense: 20510.00
  • Net Operating Income: 73247.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 74017.00
  • Rent Control: No
  • Total Actual Rent: 12400.00
  • Total Expenses: 74017.00

Tax Info

  • New Taxes Expense: 36000.00
  • Tax Census Tract: 5509.02
  • Tax Lot: 4
  • Tax Tract Number: 4340
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Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2018 01/05/18 Sold $2,350,000 +4.4% $339 / Sq Ft
08/27/2017 08/27/17 Pending -- -- --
08/13/2017 08/13/17 For Sale $2,250,000 -- $324 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $34,557 $2,673,895 $910,261 $1,763,634
2024 $34,557 $2,621,466 $892,413 $1,729,053
2023 $33,404 $2,570,065 $874,915 $1,695,150
2022 $31,774 $2,519,672 $857,760 $1,661,912
2021 $30,843 $2,470,268 $840,942 $1,629,326
2019 $30,080 $2,400,600 $816,000 $1,584,600
2018 $6,676 $385,059 $97,733 $287,326
2016 $6,360 $366,648 $93,939 $272,709
2015 $6,267 $361,141 $92,528 $268,613
2014 $6,052 $354,068 $90,716 $263,352
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17188140

California Regional Multiple Listing Service (CRMLS)
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