NOT LISTED FOR SALE

15726 Passage Ave Paramount, CA 90723

Estimated Value: $1,330,000 - $1,604,000

9 Beds
5 Baths
3,613 Sq Ft
$392/Sq Ft Est. Value

Last Sold April 28, 2017

Last sale price $850,000 $235 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $8,721/month

2 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace
  • Tile Countertops

About This Home

As of April 2017

Each unit has ample space and an excellent floor plan. 4 car garage is great feature along with the low maintenance yard. A centrally located separate laundry room that generates additional income. Excellent freeway access with 105 Freeway to the North. 91 Freeway to the South and 710 Freeway to the West. Metro Station access is close by as well. You have great access in virtually every direction. Immediate area also offers convenience to shopping, restaurants and Progress Park as well. Easy access by walking, vehicle or public transportation. Once the deferred maintenance is addressed, there will be potential for substantial rental increases. Actual rental income is substantially below the current market. Seemingly strong rental demand. According to the owner, all tenants are current on their rent. It is fully occupied, no vacancy. One of the best overall values with tremendous upside!

Last Agent to Sell the Property

Michael Perez

Green Back License #01177294 Listed on: 03/30/2017

Last Buyer's Agent

bing hou

IRN Realty License #01026586

IRN Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,794

Year Built

  • Built in 1963

Lot Details

  • 6,458 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,613 Sq Ft Home
  • Property Attached

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Tile Countertops

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 27871
  • Assessor Parcel Number 6268016040

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Gardener Expense $720
  • Insurance Expense $1,296
  • Other Expense $420
  • Pest Control $600
  • Trash Expense $1,572
  • Water Sewer Expense $1,932
  • New Taxes Expense $7,114
  • Operating Expense $14,326
  • Gross Income $180
  • Net Operating Income $47,834

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,794

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1932.00
  • Zoning: PARM*
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 6268016040
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Common Walls: 2+ Common Walls
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Price Per Square Foot: 235.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Pest Control Expense: 600.00
  • Sewer: Unknown
  • Trash Expense: 1572.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6458.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 180.00
  • Gross Scheduled Income: 62160.00
  • Insurance Expense: 1296.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 180.00
  • Net Operating Income: 47834.00
  • 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: 14326.00
  • Other Expense: 420.00
  • Other Expense Description: LNDRY GS
  • Rent Control: No
  • Total Actual Rent: 5000.00
  • Total Expenses: 14326.00

Tax Info

  • New Taxes Expense: 7114.00
  • Tax Census Tract: 5539.01
  • Tax Lot: 15
  • Tax Tract Number: 27871

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2017
Sold by
Du Chun and Li Welyi
Bought by
New Continent Llcl
Current Estimated Value
$1,415,748

Purchase Details

Listed on
Mar 30, 2017
Closed on
Apr 20, 2017
Sold by
Aguillon Steve and The Adsas Family Trust
Bought by
Du Chun and Li Welyi
Seller's Agent
Michael Perez
Green Back
Buyer's Agent
bing hou
IRN Realty
List Price
$799,900
Sold Price
$850,000
Premium/Discount to List
$50,100
6.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$595,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2012
Sold by
Adsas Flp
Bought by
Adsas Family Trust

Purchase Details

Closed on
Sep 9, 2005
Sold by
Aguillon Steve
Bought by
Adsas Family Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
5.64%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 14, 2005
Sold by
Frye Dean S and Frye Lisa
Bought by
Aguillon Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2004
Sold by
Webber Nila
Bought by
Frye Dean S and Frye Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2003
Sold by
Jackson Jeffrey
Bought by
Webber Nila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2002
Sold by
Bustos Julio C and Bustos Carole C
Bought by
Jackson Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.03%

Purchase Details

Closed on
Oct 10, 2002
Sold by
Jackson Joan Lindstedt
Bought by
Jackson Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.03%
Source: Public Records

Range of Values:

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Average Value
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List Price
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
New Continent Llcl -- Accommodation
Du Chun $850,000 Chicago Title Company
Adsas Family Trust -- None Available
Adsas Family Lp -- --
Aguillon Steve $710,000 --
Frye Dean S $610,000 Southland Title Corporation
Webber Nila $510,000 Southland Title Corporation
Jackson Jeffrey $385,000 Southland Title Corporation
Jackson Jeffrey -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Du Chun $595,000
Previous Owner Aguillon Steve $142,000
Previous Owner Aguillon Steve $497,000
Previous Owner Frye Dean S $427,000
Previous Owner Webber Nila $357,000
Previous Owner Jackson Jeffrey $308,000
Closed Jackson Jeffrey $39,500
Closed Webber Nila $102,000
Closed Frye Dean S $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 Off Market $2,300 -- --
07/18/2025 07/18/25 For Rent $2,300 0.0% --
04/28/2017 04/28/17 Sold $850,000 +6.3% $235 / Sq Ft
03/30/2017 03/30/17 For Sale $799,900 -- $221 / 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 $12,794 $967,150 $512,020 $455,130
2024 $12,794 $948,187 $501,981 $446,206
2023 $12,561 $929,596 $492,139 $437,457
2022 $12,231 $911,370 $482,490 $428,880
2021 $11,947 $893,501 $473,030 $420,471
2019 $12,251 $867,000 $459,000 $408,000
2018 $11,641 $867,000 $459,000 $408,000
2016 $7,114 $538,838 $215,327 $323,511
2015 $6,724 $530,745 $212,093 $318,652
2014 $6,891 $520,350 $207,939 $312,411
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR17063594

California Regional Multiple Listing Service (CRMLS)

APN: 6268-016-040