NOT LISTED FOR SALE

15001 Orange Ave Paramount, CA 90723

Estimated Value: $1,209,000 - $1,610,902

8 Beds
4 Baths
3,000 Sq Ft
$467/Sq Ft Est. Value

Last Sold July 17, 2019

Last sale price $1,075,000 $358 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $8,591/month

46 Days on Market

Highlights

  • Midcentury Modern Architecture
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Corner Lot
  • Double Pane Windows
  • Recessed Lighting

About This Home

As of July 2019

Excellent opportunity to own this 4 units charmer with great unit mix and no rent control. Fully remodeled exterior that includes brand new dual pane windows, new paint, updated plumbing and electrical. Newer roof. Two units have been completely upgraded with brand new kitchens, bathrooms and floors. Units also include recessed lighting, brand new laminate flooring, electrical sub-panels and closets. Units offer private laundry hook ups, light and bright floor plans, and open area assigned gated parking. Fully leased with Excellent tenants. Located among mostly single family homes this property offers a community for quiet enjoyment as well as great access to nearby shops, restaurants, and transportation. Easy access to the 710 FWY, DTLA, LAX, Long Beach and all major cities around Paramount. A very unique offer that will not last long. Whether you are a seasoned investor and looking to add a low expense high income 4 units to your portfolio or a first time investor, this property will work very well for you. Drive by only, please. Please Do Not disturb occupants.

Last Agent to Sell the Property

Sarkis Garibyan

Coldwell Banker Hallmark License #00988827 Listed on: 06/03/2019

Coldwell Banker Hallmark

Last Buyer's Agent

PFNon-Member Default

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 6,466 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Paved or Partially Paved Lot
  • Front Yard
  • Land Lease

Home Design

  • Midcentury Modern Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 8 Bedrooms
  • 3,000 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Double Pane Windows

Kitchen

  • Gas Oven or Range
  • Disposal

Flooring

  • Laminate
  • Tile

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 7 Parking Spaces
  • Parking Available
  • Private Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Gas Water Heater
  • Sewer Paid

Additional Features

  • Energy-Efficient Windows
  • Rain Gutters

Listing and Financial Details

  • Assessor Parcel Number 6237017010

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Not Applicable 105 Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1962 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: PARM*
  • Architectural Style: Mid Century Modern
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Parcel Number: 6237017010
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 358.33
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco, Drywall Walls

Garage/Parking

  • Parking: Yes
  • Parking Features: Private
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater, Water Heater, Gas Cooking, Vented Exhaust Fan, Disposal
  • Heating Type: Natural Gas
  • Laundry Features: Inside, Gas Dryer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Green Features

  • Green Location: Transportation, Walkability
  • Efficiency: Windows

Lot Info

  • Land Lease: Yes
  • Lot Features: Front Yard, Paved, Corner Lot
  • Lot Size Sq Ft: 6466.00
  • Lot Size Acres: 0.1484

Multi Family

  • Average2 Bed Area: 750
  • Lot Size Area: 6466.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2019
Closed on
Jul 3, 2019
Sold by
Kolangian Edward and Kolangian Nvard
Bought by
Paramount Green Llc
Seller's Agent
Sarkis Garibyan
Coldwell Banker Hallmark
Buyer's Agent
PFNon-Member Default
NON MEMBER
List Price
$1,149,000
Sold Price
$1,075,000
Premium/Discount to List
-$74,000
-6.44%
Current Estimated Value
$1,400,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,726
Avg. Annual Appreciation
4.18%

Purchase Details

Closed on
Nov 2, 2018
Sold by
Valdez Salvador and Valdez Maria A
Bought by
Kolancian Edward and Kolangian Nvard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2014
Sold by
Valdez Salvador
Bought by
Valdez Family Trust

Purchase Details

Closed on
Nov 27, 2006
Sold by
Mejia Victor A
Bought by
Valdez Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2004
Sold by
Mejia Victor A and Becerra Martha
Bought by
Mejia Victor A

Purchase Details

Closed on
Dec 8, 2003
Sold by
Ramirez Hector D and Ramirez Jessie M
Bought by
Mejia Victor A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Paramount Green Llc $1,075,000 North American Title Co
Kolancian Edward $680,000 Fidelity National Title
Valdez Family Trust -- None Available
Valdez Salvador $730,000 Landsafe Title
Mejia Victor A -- --
Mejia Victor A $455,000 Ticor Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kolancian Edward $476,000
Previous Owner Valdez Salvador $547,500
Previous Owner Mejia Victor A $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2019 07/17/19 Sold $1,075,000 -6.4% $358 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
06/01/2019 06/01/19 For Sale $1,149,000 -- $383 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,207 $1,175,664 $530,416 $645,248
2024 $15,207 $1,152,613 $520,016 $632,597
2023 $14,926 $1,130,014 $509,820 $620,194
2022 $14,531 $1,107,858 $499,824 $608,034
2021 $14,199 $1,086,136 $490,024 $596,112
2019 $9,819 $680,240 $380,000 $300,240
2018 $10,349 $764,240 $334,900 $429,340
2016 $8,683 $680,000 $298,100 $381,900
2015 $6,363 $500,000 $219,200 $280,800
2014 $6,632 $500,000 $219,200 $280,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 319002155

California Regional Multiple Listing Service (CRMLS)

APN: 6237-017-010