NOT LISTED FOR SALE

15349 Colorado Ave Paramount, CA 90723

9 Beds
4 Baths
3,839 Sq Ft
15,211 Sq Ft Lot

Last Sold April 15, 2019

Last sale price $1,235,000 $322 Per Sq Ft

105 Days on Market

Highlights

  • 0.35 Acre Lot
  • Central Heating and Cooling System
  • Turnkey
  • Laundry Room

About This Home

As of April 2019

Situated on a over 15,000 SF lot with potential for redevelopment, the seller is motivated and has already identified an up-leg. The property was built in 1961. The Colorado Avenue Apartments include (2) two-bedroom, one-bathroom units, (1) three-bedroom, one-bathroom house, and (1) four-bedroom, two-bathroom house. The property offers adequate parking, recently remodeled units, and provides for a low density living environment. The seller has done extensive renovations to both interiors and exteriors, creating a turnkey investment opportunity.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 11/19/2018

Last Buyer's Agent

Gary Tolfa

Triqor Group License #00955403 Listed on: 11/19/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.35 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,839 Sq Ft Home
  • Turnkey
  • Composition Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 8 / 20
  • Assessor Parcel Number 6270013013

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $24,830
  • Gross Income $85,554
  • Net Operating Income $60,724

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.35 Acres

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: M1*
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 6270013013
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 321.70

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 15209.00
  • Lot Size Acres: 0.3492

Multi Family

  • Gross Income: 85554.00
  • Gross Operating Income: 85554.00
  • Gross Scheduled Income: 88200.00
  • Lot Size Area: 15209.0000 Square Feet
  • Net Operating Income: 60724.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 24830.00
  • Rent Control: No
  • Total Expenses: 24830.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 20
  • Tax Census Tract: 5538.01
  • Tax Lot: 8
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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
04/15/2019 04/15/19 Sold $1,235,000 -4.6% $322 / Sq Ft
03/04/2019 03/04/19 Pending -- -- --
12/03/2018 12/03/18 Price Changed $1,295,000 -7.5% $337 / Sq Ft
11/19/2018 11/19/18 For Sale $1,400,000 -- $365 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18276590

California Regional Multiple Listing Service (CRMLS)
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