NOT LISTED FOR SALE

13903 Arthur Ave Paramount, CA 90723

2 Beds
1 Bath
7,344 Sq Ft
0.37 Acres

Last Sold October 15, 2020

Last sale price $2,225,000 $303 Per Sq Ft

132 Days on Market

Highlights

  • No Units Above
  • Fireplace in Primary Bedroom
  • Cooling System Mounted To A Wall/Window
  • 0.37 Acre Lot
  • No HOA
  • Park

About This Home

As of October 2020

Property Highlights
EXCLUSIVE LISTING | MULTIFAMILY OPPORTUNITY
• Prime Single-Story Asset
• 100% Large, 2BR/1BR Units
• Over 15% Upside in Rents
• New Roof & Exterior Paint
• 8 Individual Garages
• Property is Extremely Well-Maintained

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 04/17/2020

Last Buyer's Agent

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 04/17/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,344

Year Built

  • Built in 1963

Lot Details

  • 0.37 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage
  • 6 Open Parking Spaces
  • Parking Available

Home Design

  • Apartment

Interior Spaces

  • 7,344 Sq Ft Home
  • Living Room with Fireplace
  • Bonus Room with Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom
  • 1 Bathroom
  • Fireplace in Bathroom

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 151
  • Tax Tract Number 5792
  • Assessor Parcel Number 6242023004

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Recreation

  • Park

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,203
  • Maintenance Expense $12,336
  • Other Expense $942
  • Professional Management Expense $4,800
  • Trash Expense $2,193
  • Water Sewer Expense $2,193
  • New Taxes Expense $24,080
  • Operating Expense $48,747
  • Gross Income $149,574
  • Net Operating Income $100,827

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,344

Year Built

Built in 1963

Lot Details

0

Parking

8

Listing Details

  • Assessments: No
  • CapRate: 4.70
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2193.00
  • Zoning: PARM*
  • Property Type: Residential Income
  • Parcel Number: 6242023004
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Fireplace Features: Bath, Bonus Room, Living Room, Master Bedroom
  • Levels: One
  • Price Per Square Foot: 302.97

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage, On Site
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Trash Expense: 2193.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 16300.00
  • Lot Size Acres: 0.3742

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 918 Square Feet
  • Gross Multiplier: 13.94
  • Gross Operating Income: 149574.00
  • Gross Scheduled Income: 154200.00
  • Gross Spendable Income: 55032.00
  • Insurance Expense: 2203.00
  • Lot Size Area: 16300.0000 Square Feet
  • Maintenance Expense: 12336.00
  • Maintenance Percent: 8.00
  • Net Operating Income: 100827.00
  • Number Of Rented Garages: 8
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 48747.00
  • Operating Expense Percent: 31.60
  • Other Expense: 942.00
  • Other Expense Description: Assess.
  • Rent Control: No
  • Total Expenses: 48747.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24080.00
  • Tax Census Tract: 5536.02
  • Taxes Percent: 1.12
  • Tax Lot: 151
  • Tax Rate: 1.12
  • Tax Tract Number: 5792
  • Tax Annual Amount: 22344.00
  • Tax Year: 2019

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $2,225,000 +3.5% $303 / Sq Ft
09/04/2020 09/04/20 For Sale $2,150,000 0.0% $293 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $2,150,000 -3.4% $293 / Sq Ft
04/22/2020 04/22/20 Off Market $2,225,000 -- --
04/17/2020 04/17/20 For Sale $1,995,000 -- $272 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Peter Gillin

    Morgan Skenderian

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20076472

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Paramount 90723

13903 Arthur Ave, Paramount, CA

Not Listed for Sale

MultiFamily

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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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