NOT LISTED FOR SALE

15802 Passage Ave Paramount, CA 90723

Estimated Value: $1,253,000 - $1,646,000

9 Beds
5 Baths
3,613 Sq Ft
$407/Sq Ft Est. Value

Last Sold December 04, 2019

Last sale price $1,095,000 $303 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $9,017/month

4 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Level Lot
  • Lawn
  • Landscaped

About This Home

As of December 2019

This home is located at 15802 Passage Ave, Paramount, CA 90723 since 16 October 2019 and is currently estimated at $1,469,329, approximately $406 per square foot. This property was built in 1963. 15802 Passage Ave is a home located in Los Angeles County with nearby schools including Jefferson Elementary School, Alondra Middle School, and Paramount High School.

Last Agent to Sell the Property

Steve Vong

First American Team Realty Inc License #01273285 Listed on: 10/16/2019

Last Buyer's Agent

Steve Vong

First American Team Realty Inc License #01273285 Listed on: 10/16/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,456 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Level Lot
  • Lawn
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 3,613 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 17
  • Tax Tract Number 27871
  • Assessor Parcel Number 6268016042

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,225
  • Trash Expense $1,200
  • Water Sewer Expense $4,800
  • New Taxes Expense $13,438
  • Operating Expense $22,663
  • Gross Income $75,000
  • Net Operating Income $67,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: PARM*
  • Property Type: Residential Income
  • Parcel Number: 6268016042
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 303.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Level with Street, Near Public Transit
  • Lot Size Sq Ft: 6456.00
  • Lot Size Acres: 0.1482

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 75000.00
  • Gross Scheduled Income: 75000.00
  • Insurance Expense: 3225.00
  • Lot Size Area: 6456.0000 Square Feet
  • Net Operating Income: 67500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7500.00
  • Operating Expense Percent: 10.00
  • Rent Control: No
  • Total Expenses: 22663.00

Tax Info

  • New Taxes Expense: 13438.00
  • Tax Census Tract: 5539.01
  • Tax Lot: 17
  • Tax Tract Number: 27871

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2020
Sold by
Te Seanglong and Lim Polen
Bought by
Tl Investments
Current Estimated Value
$1,469,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$827,500
Outstanding Balance
$733,321
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$736,008

Purchase Details

Listed on
Oct 16, 2019
Closed on
Dec 7, 2019
Sold by
Te Seanglong and Lim Polen
Bought by
T & L Investment Llc
Seller's Agent
Steve Vong
First American Team Realty Inc
Buyer's Agent
Steve Vong
First American Team Realty Inc
List Price
$1,075,000
Sold Price
$1,095,000
Premium/Discount to List
$20,000
1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%
Original Mortgage
$821,250
Interest Rate
3.75%

Purchase Details

Listed on
Oct 16, 2019
Closed on
Nov 5, 2019
Sold by
Murphy Sandra Sharron and Egge Karen Joan
Bought by
Te Seanglong and Lim Polen
Seller's Agent
Steve Vong
First American Team Realty Inc
Buyer's Agent
Steve Vong
First American Team Realty Inc
List Price
$1,075,000
Sold Price
$1,095,000
Premium/Discount to List
$20,000
1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$821,250
Interest Rate
3.75%

Purchase Details

Closed on
Sep 26, 2007
Sold by
Murphy Sandra Sharron and Egge Karen
Bought by
Murphy Sandra Sharron and Egge Karen Joan

Purchase Details

Closed on
Sep 11, 2006
Sold by
Brown Kristen B
Bought by
Brown Patrick

Purchase Details

Closed on
Jun 14, 2006
Sold by
Lukehart Gordon C and Lukehart Catherine F
Bought by
Murphy Sandra Sharron and Egge Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,150
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2003
Sold by
Brown Kristen Besser
Bought by
Brown Patrick

Purchase Details

Closed on
Jan 6, 2003
Sold by
Mcgee James and Taylor Brian
Bought by
Lukehart Gordon C and Lukehart Catherine F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
5.82%

Purchase Details

Closed on
Sep 18, 2002
Sold by
Hammerstrom Raquel
Bought by
Hammerstrom Eric

Purchase Details

Closed on
Feb 22, 2002
Sold by
Sheffield Paula and Bevers Ronald
Bought by
Mcgee James and Taylor Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,400
Interest Rate
7.18%

Purchase Details

Closed on
May 29, 1998
Sold by
Wagner Paul and Wagner Stella M
Bought by
Wagner Paul and Wagner Stella M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tl Investments -- First American Title Company O
Te Seanglong -- First American Title Company O
T & L Investment Llc -- None Available
Te Seanglong $1,095,000 Ticor Title Company Of Ca
Murphy Sandra Sharron -- None Available
Brown Patrick -- United Title Company
Egge Karen -- United Title Company
Murphy Sandra Sharron $744,500 United Title Company
Brown Patrick -- Diversified Title & Escrow S
Lukehart Gordon C $405,000 Diversified Title & Escrow S
Hammerstrom Eric -- Diversified Title & Escrow S
Mcgee James $293,000 Orange Coast Title
Mcgee James -- Orange Coast Title
Taylor Brian -- Orange Coast Title
Wagner Paul -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Te Seanglong $827,500
Previous Owner Te Seanglong $821,250
Previous Owner Murphy Sandra Sharron $521,150
Previous Owner Lukehart Gordon C $303,750
Previous Owner Mcgee James $234,400
Closed Mcgee James $29,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2019 12/04/19 Sold $1,095,000 -0.5% $303 / Sq Ft
11/04/2019 11/04/19 Price Changed $1,100,000 +2.3% $304 / Sq Ft
10/16/2019 10/16/19 For Sale $1,075,000 -- $298 / 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 $16,105 $1,197,538 $539,165 $658,373
2024 $15,535 $1,174,058 $528,594 $645,464
2023 $15,249 $1,151,038 $518,230 $632,808
2022 $14,846 $1,128,469 $508,069 $620,400
2021 $14,504 $1,106,343 $498,107 $608,236
2020 $14,179 $1,095,000 $493,000 $602,000
2019 $12,604 $894,170 $396,342 $497,828
2018 $11,758 $876,638 $388,571 $488,067
2016 $10,554 $842,599 $373,483 $469,116
2015 $9,950 $829,943 $367,873 $462,070
2014 $10,201 $813,686 $360,667 $453,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19244830

California Regional Multiple Listing Service (CRMLS)

APN: 6268-016-042