NOT LISTED FOR SALE

15328 Orange Ave Paramount, CA 90723

3 Beds
3 Baths
59,260 Sq Ft
2.17 Acres

Last Sold January 19, 2016

Last sale price $14,825,000 $250 Per Sq Ft

35 Days on Market

About This Home

As of January 2016

The property consists of (16) one bedroom/one bath and (60) two bedroom/two bath apartments with dishwashers, balconies/patios and individual water heaters. Gated access leads to covered parking and common areas.

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 09/17/2015

Last Buyer's Agent

Jay Skenderian

Morgan Skenderian License #01220368

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 2.17 Acre Lot
  • 1 Common Wall
  • Density is over 40 Units/Acre

Home Design

  • 59,260 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 274 Parking Spaces
  • 117 Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 678 / A
  • Tax Tract Number 10748
  • Assessor Parcel Number 6240005047

Community Details

Overview

  • 5 Buildings
  • 76 Units

Building Details

  • 77 Separate Electric Meters
  • 77 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $9,159
  • Maintenance Expense $65,792
  • Other Expense $23,000
  • Professional Management Expense $59,269
  • Trash Expense $26,732
  • Water Sewer Expense $26,732
  • New Taxes Expense $169,704
  • Gross Income $91,378
  • Net Operating Income $683,252

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • CapRate: 4.50
  • Professional Management Expense: 59269.00
  • Property Attached: Yes
  • Water Sewer Expenses: 26732.00
  • Property Type: Residential Income
  • Parcel Number: 6240005047
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 250.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 117.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 274.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 26732.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Over 40 Units/Acre
  • Lot Size Sq Ft: 94525.00
  • Price Per Lot Square Foot: 156.84
  • Lot Size Acres: 2.1700

Multi Family

  • Gross Income: 91378.00
  • Gross Multiplier: 13.72
  • Gross Scheduled Income: 1096536.00
  • Insurance Expense: 9159.00
  • Lot Size Area: 94525.0000 Square Feet
  • Maintenance Expense: 65792.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 683252.00
  • Number Of Separate Electric Meters: 77
  • Number Of Separate Gas Meters: 77
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 76
  • Operating Expense: 380388.00
  • Operating Expense Percent: 34.70
  • Other Expense: 23000.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 90578.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 169704.00
  • Tax Block: A
  • Tax Lot: 678
  • Tax Tract Number: 10748
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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
01/19/2016 01/19/16 Sold $14,825,000 -1.4% $250 / Sq Ft
10/22/2015 10/22/15 Pending -- -- --
09/17/2015 09/17/15 For Sale $15,040,000 -- $254 / 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 $229,708 $17,549,793 $11,407,071 $6,142,722
2024 $229,708 $17,205,680 $11,183,403 $6,022,277
2023 $225,435 $16,868,315 $10,964,121 $5,904,194
2022 $219,559 $16,537,565 $10,749,139 $5,788,426
2021 $214,470 $16,213,300 $10,538,372 $5,674,928
2019 $220,096 $15,792,588 $10,225,799 $5,566,789
2018 $205,733 $15,484,111 $10,025,294 $5,458,817
2016 $144,062 $11,301,670 $4,721,535 $6,580,135
2015 $135,901 $11,131,910 $4,650,614 $6,481,296
2014 $139,378 $10,913,852 $4,559,515 $6,354,337
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15205688

California Regional Multiple Listing Service (CRMLS)