NOT LISTED FOR SALE

15328 Orange Ave Paramount, CA 90723

3 Beds
3 Baths
59,260 Sq Ft
2.17 Acre Lot

Sale Details

Date 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

2.17 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $238,854 $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)
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