NOT LISTED FOR SALE

12435 Paramount Blvd Downey, CA 90242

23 Beds
15 Baths
17,839 Sq Ft
0.66 Acres

Last Sold February 10, 2015

Last sale price $3,625,000 $203 Per Sq Ft

7 Days on Market

Highlights

  • Custom Home
  • City Lights View
  • Property is near public transit
  • Warren High School Rated A-
  • 0.66 Acre Lot
  • Laundry Room

About This Home

As of February 2015

Just Listed for sale! First time on the market. Amazing (15) unit apartment complex located in the desirable City of Downey, CA. This is a fantastic addition to any real estate portfolio. Property consists of two buildings in superb condition. Buildings have been professionally maintained and operated over the years. Highlights include 34 parking spaces, (10) units are 2 bedrooms 1 bath, (2) units are 2 bedroom 2 baths, (3) units are 3 bedroom 2 baths. Property was built with a great floor plan and all units offer central heating and air conditioning. Property was built in 1987 boasting a total of 17,839 sq ft, with an ample 28,789 sq ft lot. This type of property is rarely seen on the market. Please call listing agent for more information.

Last Agent to Sell the Property

Rene Cardona

SOUTHLAND Real Estate Service License #01033230 Listed on: 12/10/2014

SOUTHLAND Real Estate Service

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.66 Acre Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Fence is in good condition
  • Paved or Partially Paved Lot
  • Density is up to 1 Unit/Acre

Parking

  • 30 Car Garage
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Property Views

  • City Lights
  • Neighborhood

Home Design

  • 17,839 Sq Ft Home
  • Custom Home
  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 15 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Property is near public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot E
  • Assessor Parcel Number 6245020024

Community Details

Overview

  • 2 Buildings
  • 15 Units

Amenities

  • Laundry Facilities

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,515
  • Insurance Expense $3,500
  • Maintenance Expense $11,000
  • Professional Management Expense $13,000
  • Trash Expense $6,800
  • Water Sewer Expense $5,800
  • New Taxes Expense $46,250
  • Gross Income $19,135
  • Net Operating Income $136,055

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

30

Listing Details

  • CapRate: 3.68
  • Other Phone Description: 323-923-1079
  • Other Phone Number: 323-923-1079
  • Professional Management Expense: 13000.00
  • Property Attached: Yes
  • Security: Automatic Gate, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 5800.00
  • Zoning: DOR3*
  • Architectural Style: Custom Built, Traditional
  • Property Type: Residential Income
  • Parcel Number: 6245020024
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 203.21

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • View: City Lights, Neighborhood
  • Fencing: Block, Good Condition
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 30.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 34.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Trash Expense: 6800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre, Lot 20000-39999 Sqft, Paved, Near Public Transit
  • Lot Size Sq Ft: 28790.00
  • Lot Size Acres: 0.6610

Multi Family

  • Electric Expense: 2515.00
  • Gross Income: 19135.00
  • Gross Multiplier: 16.11
  • Gross Scheduled Income: 229620.00
  • Insurance Expense: 3500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 28790.0000 Square Feet
  • Maintenance Expense: 11000.00
  • Net Operating Income: 136055.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 15
  • Operating Expense: 93565.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 46250.00
  • Tax Lot: E
  • Tax Year: 2013

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2015 02/10/15 Sold $3,625,000 -2.0% $203 / Sq Ft
12/17/2014 12/17/14 Pending -- -- --
12/10/2014 12/10/14 For Sale $3,700,000 -- $207 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rene Cardona

    SOUTHLAND Real Estate Service

    (323) 563-8813

    19 Total Sales

    Rene Cardona
    Section Image
  • Doug Rodermund

    Buyer's Agent in 2015

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    5 in this area

    21 Total Sales

    Doug Rodermund
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14257088

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Downey 90242

12435 Paramount Blvd, Downey, CA

This home is located at 12435 Paramount Blvd, Downey, CA 90242 since 10 December 2014. This property was built in 1987. 12435 Paramount Blvd is a home located in Los Angeles County with nearby schools including Imperial Elementary School, Old River 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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