NOT LISTED FOR SALE

12049 Paramount Blvd Downey, CA 90242

Estimated Value: $7,316,231

18 Beds
28 Baths
16,784 Sq Ft
$436/Sq Ft Est. Value

About This Home

This home is located at 12049 Paramount Blvd, Downey, CA 90242 and is currently estimated at $7,316,231, approximately $435 per square foot. 12049 Paramount Blvd is a home located in Los Angeles County with nearby schools including Old River Elementary School, Williams Elementary School, and West Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2019
Sold by
Melcar Investments Lp
Bought by
Melnic Properties Llc
Current Estimated Value
$7,316,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,125,000
Outstanding Balance
$1,857,690
Interest Rate
3.82%
Mortgage Type
Commercial
Estimated Equity
$5,458,541

Purchase Details

Closed on
Mar 27, 2013
Sold by
Mpn 14 Limited Partnership
Bought by
Melcar Investments Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,336,250
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2005
Sold by
Nijjar Michael Preet S
Bought by
Mpn 14 Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,550,000
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2002
Sold by
Building Exchange Company
Bought by
Nijjar Michael Preet S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,065,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 22, 2002
Sold by
Ynez Street Ltd
Bought by
Building Exchange Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,065,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2002
Sold by
Nijjar Michael Preet
Bought by
Dasco Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,065,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2002
Sold by
Dascocompany
Bought by
Ynez Street Ltd
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mendez Family Limited Partnership -- Chicago Title
Melnic Properties Llc -- Chicago Title Company
Melcar Investments Lp $3,115,000 Orange Coast Title Co
Mpn 14 Lp -- Ticor Title
Nijjar Michael Preet S -- Lawyers Title Company
Building Exchange Company -- Lawyers Title Company
Dasco Company -- Lawyers Title Company
Nijjar Michael Preet $1,420,000 Lawyers Title Company
Ynez Street Ltd -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendez Family Limited Partnership $2,505,000
Previous Owner Melnic Properties Llc $2,125,000
Previous Owner Melcar Investments Lp $2,336,250
Previous Owner Mpn 14 Lp $4,550,000
Previous Owner Nijjar Michael Preet S $1,065,000
Previous Owner Building Exchange Company $445,000
Closed Mpn 14 Lp $4,550,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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 $89,910 $7,281,492 $3,280,937 $4,000,555
2024 $89,910 $7,138,718 $3,216,605 $3,922,113
2023 $86,819 $6,998,744 $3,153,535 $3,845,209
2022 $82,444 $6,861,514 $3,091,701 $3,769,813
2021 $80,634 $6,726,976 $3,031,080 $3,695,896
2019 $43,535 $3,452,965 $1,655,858 $1,797,107
2018 $42,321 $3,385,541 $1,623,391 $1,762,150
2016 $40,627 $3,240,333 $1,560,353 $1,679,980
2015 $40,072 $3,191,662 $1,536,916 $1,654,746
2014 $37,834 $3,129,142 $1,506,810 $1,622,332
Source: Public Records

Map

California Los Angeles County Downey 90242

12049 Paramount Blvd, Downey, CA

This home is located at 12049 Paramount Blvd, Downey, CA 90242 and is currently estimated at $7,316,231, approximately $435 per square foot. 12049 Paramount Blvd is a home located in Los Angeles County with nearby schools including Old River Elementary School, Williams Elementary School, and West Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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