NOT LISTED FOR SALE

10310 Paramount Blvd Downey, CA 90241

7 Beds
5 Baths
6,942 Sq Ft
0.32 Acres Lot

Sale Details

Date Sold: January 5, 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

  • 13,919 Sq Ft 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $35,195 $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

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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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