NOT LISTED FOR SALE

15128 Orange Ave Paramount, CA 90723

Estimated Value: $938,000 - $1,163,000

6 Beds
3 Baths
2,626 Sq Ft
$399/Sq Ft Est. Value

Last Sold September 27, 2018

Last sale price $699,900 $267 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,348/month

131 Days on Market

About This Home

As of September 2018

6 units total!! 3 separate houses on a lot, each with own garage, each one has laundry hook ups. 3 parcels must be sold together as a package. Look up the other 2 parcels for prices, one of the other parcels (15132 Orange) also has 3 separate houses and the 3rd parcel (15126 Orange), listing under land, is a narrow strip of land that is basically the driveway to get to the rear 5 units. Great income property with upside potential as rents are below current market. Please view parcel map in photos for a better understanding.

Last Agent to Sell the Property

Frank Moreno

24 Hour Real Estate License #01129668 Listed on: 03/10/2018

Last Buyer's Agent

Frank Moreno

24 Hour Real Estate License #01129668 Listed on: 03/10/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,803 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Converted Garage
  • Parking Available
  • Driveway

Home Design

  • 2,626 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer Hookup

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1,2
  • Assessor Parcel Number 6240001009

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $964
  • Trash Expense $640
  • Water Sewer Expense $1,145
  • New Taxes Expense $9,999
  • Operating Expense $12,748
  • Gross Income $54,900
  • Net Operating Income $45,469

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1145.00
  • Zoning: PARM*
  • Property Type: Residential Income
  • Parcel Number: 6240001009
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 266.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Converted Garage, Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside, Washer Hookup
  • Sewer: Unknown
  • Trash Expense: 640.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8803.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 882 Square Feet
  • Gross Income: 54900.00
  • Gross Scheduled Income: 54900.00
  • Insurance Expense: 964.00
  • Net Operating Income: 45469.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 9431.00
  • Rent Control: No
  • Total Actual Rent: 4575.00
  • Total Expenses: 12748.00

Tax Info

  • New Taxes Expense: 9999.00
  • Tax Census Tract: 5538.01
  • Tax Lot: 1,2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2019
Sold by
Agent Cooper Llc
Bought by
The Great Northern Llc
Current Estimated Value
$1,047,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
3.5%
Mortgage Type
Small Business Administration

Purchase Details

Listed on
Mar 10, 2018
Closed on
Jul 31, 2018
Sold by
Fmdt Properties Llc
Bought by
Agent Cooper Llc
Seller's Agent
Frank Moreno
24 Hour Real Estate
Buyer's Agent
Frank Moreno
24 Hour Real Estate
List Price
$779,900
Sold Price
$699,900
Premium/Discount to List
-$80,000
-10.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.76%
Original Mortgage
$740,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 2012
Sold by
Moreno Frank V and Tarrango Donald E
Bought by
Fmdt Properties Llc

Purchase Details

Closed on
Jul 3, 2012
Sold by
Tarango Jane S
Bought by
Tarango Donald E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,167
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2012
Sold by
Fmdt Properties Llc
Bought by
Moreno Frank V and Tarango Donald E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,167
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2007
Sold by
Moreno Frank V and Tarango Donald E
Bought by
Fmdt Properties Llc

Purchase Details

Closed on
Dec 5, 2005
Sold by
Cordova Donna Lee
Bought by
Cordova Arthur

Purchase Details

Closed on
Nov 21, 2005
Sold by
Tarango Jane S
Bought by
Tarango Donald E

Purchase Details

Closed on
Nov 18, 2005
Sold by
Cordova Arthur
Bought by
Moreno Frank V and Tarango Donald E

Purchase Details

Closed on
Nov 26, 2003
Sold by
Birkenbach Adam S and Birkenbach Angela
Bought by
Cordova Arthur and Tarango Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
6.99%
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
The Great Northern Llc -- Chicago Title Company
Agent Cooper Llc $1,350,000 Old Republic Title Company
Fmdt Properties Llc -- None Available
Tarango Donald E -- Service Link
Moreno Frank V -- Service Link
Moreno Frank V -- Service Link
Fmdt Properties Llc -- None Available
Cordova Arthur -- --
Tarango Donald E -- New Century Title Ins Co
Moreno Frank V -- New Century Title Ins Co
Moreno Frank V -- New Century Title Ins Co
Cordova Arthur $310,000 --
Moreno Frank V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Great Northern Llc $1,120,000
Previous Owner Agent Cooper Llc $740,000
Previous Owner Moreno Frank V $409,167
Previous Owner Cordova Arthur $232,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2018 09/27/18 Sold $699,900 -5.4% $267 / Sq Ft
07/19/2018 07/19/18 Pending -- -- --
07/15/2018 07/15/18 Price Changed $739,900 -2.6% $282 / Sq Ft
07/06/2018 07/06/18 Price Changed $759,900 -1.3% $289 / Sq Ft
06/07/2018 06/07/18 Price Changed $769,900 -1.3% $293 / Sq Ft
05/30/2018 05/30/18 Price Changed $779,900 -1.3% $297 / Sq Ft
05/17/2018 05/17/18 Price Changed $789,900 +1.3% $301 / Sq Ft
03/10/2018 03/10/18 For Sale $779,900 -- $297 / 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 $10,307 $741,814 $410,508 $331,306
2024 $9,900 $727,269 $402,459 $324,810
2023 $9,721 $713,010 $394,568 $318,442
2022 $9,467 $699,031 $386,832 $312,199
2021 $9,250 $685,326 $379,248 $306,078
2020 $9,048 $678,300 $375,360 $302,940
2019 $9,482 $665,000 $368,000 $297,000
2018 $5,799 $405,843 $243,506 $162,337
2017 $5,626 $397,886 $238,732 $159,154
2016 $5,216 $390,085 $234,051 $156,034
2015 $4,933 $384,227 $230,536 $153,691
2014 $5,056 $376,702 $226,021 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18053846

California Regional Multiple Listing Service (CRMLS)

APN: 6240-001-009