NOT LISTED FOR SALE

15307 Virginia Ave Paramount, CA 90723

Estimated Value: $1,053,000 - $1,160,000

7 Beds
4 Baths
2,522 Sq Ft
$439/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $716,000 $284 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,589/month

3 Days on Market

About This Home

As of July 2018

Great Investment Opportunity! 3 units on a primarily residential street in great area of Paramount. Property consists of 3 separate structures on a large 7,829 SF lot. Front house is 2bd/1bth, middle unit over 3 garages is 2bd/1bth, and rear unit is 3bd/2bth. There is tons of parking - 4 single car garages plus a long driveway. All 3 units have washer/dryer hook ups. Well maintained building. Same owners for 30+ years. Tons of upside in the rents.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 05/18/2018

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 05/18/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,550

Year Built

  • Built in 1939

Lot Details

  • 7,829 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Car Garage

Home Design

  • 2,522 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 5539
  • Assessor Parcel Number 6270008023

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $505
  • Gardener Expense $1,040
  • Insurance Expense $1,300
  • Maintenance Expense $2,232
  • Pest Control $810
  • Trash Expense $650
  • Water Sewer Expense $1,700
  • New Taxes Expense $8,150
  • Operating Expense $16,387
  • Gross Income $3,790
  • Net Operating Income $29,093

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,550

Year Built

Built in 1939

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1700.00
  • Zoning: PAR2*
  • Property Type: Residential Income
  • Gardener Expense: 1040.00
  • Parcel Number: 6270008023
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 283.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Pest Control Expense: 810.00
  • Sewer: Public Sewer
  • Trash Expense: 650.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7829.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 505.00
  • Gross Income: 3790.00
  • Gross Multiplier: 14.92
  • Gross Scheduled Income: 45480.00
  • Insurance Expense: 1300.00
  • Maintenance Expense: 2232.00
  • Net Operating Income: 29093.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 16387.00
  • Rent Control: No
  • Total Actual Rent: 3790.00
  • Total Expenses: 16387.00

Tax Info

  • New Taxes Expense: 8150.00
  • Tax Census Tract: 5539.01
  • Tax Lot: 12
  • Tax Tract Number: 5539

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2018
Closed on
Jun 8, 2018
Sold by
Mcmillen Gay Marie and Buchanan Kimberly Gay
Bought by
J R C A Llc
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Spencer Pabst
Pabst, Kinney & Associates
List Price
$679,000
Sold Price
$716,000
Premium/Discount to List
$37,000
5.45%
Current Estimated Value
$1,075,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,837
Avg. Annual Appreciation
5.99%

Purchase Details

Listed on
May 18, 2018
Closed on
Jun 4, 2018
Sold by
Mcmillen Gay Marie and Buchanan Kimberly Gay
Bought by
Mcmillen Gay Marie and Buchanan Kimberly Gay
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Spencer Pabst
Pabst, Kinney & Associates
List Price
$679,000
Sold Price
$716,000
Premium/Discount to List
$37,000
5.45%

Purchase Details

Closed on
Jan 5, 2000
Sold by
Wilson Homer R and Wilson Helen M
Bought by
Wilson Homer R and Wilson Helen M
Source: Public Records

Range of Values:

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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
J R C A Llc $716,000 First American Title Company
Mcmillen Gay Marie -- First American Title Company
Wilson Homer R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Homer R $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $716,000 +5.4% $284 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $679,000 -- $269 / 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 $10,550 $798,705 $479,670 $319,035
2024 $10,550 $783,045 $470,265 $312,780
2023 $10,358 $767,693 $461,045 $306,648
2022 $10,086 $752,641 $452,005 $300,636
2021 $9,855 $737,885 $443,143 $294,742
2020 $9,638 $730,320 $438,600 $291,720
2019 $10,107 $716,000 $430,000 $286,000
2018 $3,579 $224,397 $67,504 $156,893
2016 $3,231 $215,685 $64,884 $150,801
2015 $3,070 $212,446 $63,910 $148,536
2014 $3,144 $208,286 $62,659 $145,627
Source: Public Records

Agents Affiliated with this Home

  • Spencer Pabst

    Seller's Agent in 2018

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    56 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18115108

California Regional Multiple Listing Service (CRMLS)

APN: 6270-008-023

California Los Angeles County Paramount 90723

15307 Virginia Ave, Paramount, CA

This home is located at 15307 Virginia Ave, Paramount, CA 90723 since 18 May 2018 and is currently estimated at $1,107,489, approximately $439 per square foot. This property was built in 1939. 15307 Virginia Ave is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Alondra 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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