NOT LISTED FOR SALE

15349 Colorado Ave Paramount, CA 90723

9 Beds
4 Baths
3,839 Sq Ft
0.35 Acres Lot

Sale Details

Date 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

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

  • 15,209 Sq Ft 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 in unit
  • 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

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
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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