NOT LISTED FOR SALE

14033 Paramount Blvd Paramount, CA 90723

3 Beds
3 Baths
11,249 Sq Ft
0.4 Acres

Last Sold April 05, 2022

Last sale price $3,450,000 $307 Per Sq Ft

23 Days on Market

About This Home

As of April 2022

We are pleased to present 14033 Paramount Blvd, a 12 unit mutli-family property located in Paramount, California. Built in 1990, the subject property consists of 11,249 rentable square feet spread throughout a .4 acre lot. The building consists of (4) 1-Bedrooms / 1-Bathroom and (8) 2-Bedroom / 2-Bathroom units. There is a shared laundry and ample covered and open parking spaces available for tenant convenience.

The property is in a great location, tenants benefit from quick access to the 105 FWY which makes commutes to large employment centers much easier. The length and means of one's commute to work and how much of your day it takes to do so is a large quality of life. That said, within 2 miles there is the Lakewood Green Line Station with parking for an easy means to travel to Downtown Los Angeles. The city of Paramount is promoting development, creation of business, and local events to create a tight knit-community.

Paramount is a strong rental market which has had an annual rent growth of 4.6%, mainly because of the city’s central location near large employment centers. This is a tight market with zero units delivered within the last 12 months and a vacancy rate of 2.1%.

This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 01/11/2022

Co-Listed By

Ryan Gonzalez

Lyon Stahl Investment Real Est License #01874815

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 0.4 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 11,249 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 14 Parking Spaces
  • 12 Carport Spaces

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 5792
  • Assessor Parcel Number 6242034004
  • $3,535 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $3,129
  • Fuel Expense $3,129
  • Insurance Expense $6,095
  • Professional Management Expense $8,400
  • Supplies Expense $3,000
  • Trash Expense $3,129
  • Water Sewer Expense $3,129
  • Security Expense $4,160
  • New Taxes Expense $39,375
  • Operating Expense $85,546
  • Gross Income $202,583
  • Net Operating Income $117,037

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Price Per Unit: 262500
  • Professional Management Expense: 8400.00
  • Property Attached: Yes
  • Security Expense: 4160.00
  • Supplies Expense: 3000.00
  • Water Sewer Expenses: 3129.00
  • Zoning: PACM
  • Property Type: Residential Income
  • Parcel Number: 6242034004
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 306.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 12.00
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3129.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 17540.00
  • Lot Size Acres: 0.4027

Multi Family

  • Electric Expense: 3129.00
  • Fuel Expense: 3129.00
  • Gross Income: 202583.00
  • Gross Scheduled Income: 208848.00
  • Insurance Expense: 6095.00
  • Lot Size Area: 17540.0000 Square Feet
  • Net Operating Income: 117037.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 12
  • Operating Expense: 85546.00
  • Rent Control: Yes
  • Total Expenses: 85546.00

Tax Info

  • New Taxes Expense: 39375.00
  • Tax Census Tract: 5536.02
  • Tax Lot: 16
  • Tax Tract Number: 5792
  • TaxOtherAnnualAssessmentAmount: 3535.00

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
11/12/2024 11/12/24 Off Market -- -- --
08/05/2024 08/05/24 For Rent -- -- --
04/05/2022 04/05/22 Sold $3,450,000 +9.5% $307 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $3,150,000 -- $280 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2022

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    2 in this area

    46 Total Sales

    Kevin King
    Section Image

  • R

    Seller Co-Listing Agent in 2022

    Ryan Gonzalez

    Lyon Stahl Investment Real Est

    (562) 879-3206

    3 in this area

    21 Total Sales

    Ryan Gonzalez
    Section Image

  • N

    Buyer's Agent in 2022

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    9 in this area

    5,922 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22005840

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

14033 Paramount Blvd, Paramount, CA

This home is located at 14033 Paramount Blvd, Paramount, CA 90723 since 11 January 2022. This property was built in 1990. 14033 Paramount Blvd is a home located in Los Angeles County with nearby schools including Theodore Roosevelt, Paramount Park Middle School, and Paramount High 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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