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

0.37 Acres

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
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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

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 $31,073 $2,408,410 $963,364 $1,445,046
2024 $31,073 $2,361,187 $944,475 $1,416,712
2023 $30,508 $2,314,890 $925,956 $1,388,934
2022 $29,714 $2,269,500 $907,800 $1,361,700
2021 $29,036 $2,225,000 $890,000 $1,335,000
2020 $11,316 $776,699 $337,695 $439,004
2019 $12,059 $761,471 $331,074 $430,397
2018 $11,095 $746,541 $324,583 $421,958
2016 $9,953 $717,554 $311,980 $405,574
2015 $9,438 $706,776 $307,294 $399,482
2014 $9,687 $692,932 $301,275 $391,657
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20076472

California Regional Multiple Listing Service (CRMLS)
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