Pablo Cornejo
KW The Lakes
(562) 418-5197
35 Total Sales
1 in Paramount
$615,000 Price
15803 Passage Ave Paramount, CA 90723
Paramount AreaEstimated Value: $1,192,000 - $1,487,000
9
Beds
5
Baths
3,448
Sq Ft
$378/Sq Ft
Est. Value
About This Home
As of July 202415803 Passage Avenue is a 4-unit multifamily investment asset located in the highly desirable rental market of Paramount. The property features (1) 3-bed/2-bath unit and (3) 2-bed/1-bath units, garage parking, and an onsite laundry facility. The city of Paramount does not have local rent control, offering significant potential for increased rents. The subject property has been owned by the same family for over 30 years and is an outstanding investment opportunity because of its great location and rental upside. The city of Paramount is subject to AB 1482, which currently allows for annual rent increases of up to 8.9%. All offers must include a current proof of funds and a pre-approval letter.
Last Agent to Sell the Property
Remax Commercial and Investment Realty License #01462598 Listed on: 05/22/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,392 Sq Ft Lot
- Lot Dimensions are 60x110
Parking
- 5 Car Attached Garage
Interior Spaces
- 3,448 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Utilities
- Heating System Mounted To A Wall or Window
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 6268-016-029
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2024
Closed on
Jun 18, 2024
Sold by
Meta R Morrison Trust and Morrison Frank
Bought by
Seller's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
Buyer's Agent
Ronald Perez
Jason Mitchell Real Estate California, Inc.
List Price
$1,195,000
Sold Price
$1,250,000
Premium/Discount to List
$55,000
4.6%
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,757
Avg. Annual Appreciation
2.02%
Original Mortgage
$937,500
Interest Rate
7.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 5, 2000
Sold by
Morrison Meta R
Bought by
Morrison Meta R and Meta R Morrison Family Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Paramount, CA
-
Pablo Cornejo
-
Luz Nunez
Luz Nunez
First Team Real Estate
(949) 373-4727
102 Total Sales
1 in Paramount
$530,000 Price
-
Harry Eaves
Harry Eaves
Keller Williams Coastal Prop.
(669) 208-7941
29 Total Sales
1 in Paramount
$475,000 Price
-
Jerusha Day
Jerusha Day
Coldwell Banker Envision
(818) 418-8890
25 Total Sales
1 in Paramount
$530,000 Price
-
Scott Gunther
Scott Gunther
Coldwell Banker Realty
(657) 300-5995
26 Total Sales
2 in Paramount
$540,000 Price Range
-
Daniel Galan
Daniel Galan
eXp Realty of Southern Califor
(760) 576-2542
70 Total Sales
1 in Paramount
$655,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,250,000 | Chicago Title Company | ||
| Morrison Meta R | -- | -- |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $940,000 | ||
| Closed | Eric And Mandy Hwang Trust | $940,000 | |
| Closed | Eric And Mandy Hwang Trust | $937,500 |
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 |
|---|---|---|---|---|
| 07/10/2024 07/10/24 | Sold | $1,250,000 | +4.6% | $363 / Sq Ft |
| 06/08/2024 06/08/24 | Pending | -- | -- | -- |
| 05/22/2024 05/22/24 | For Sale | $1,195,000 | -- | $347 / Sq Ft |
Source: The MLS
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 |
|---|---|---|---|---|
| 2026 | $16,716 | $1,275,000 | $714,000 | $561,000 |
| 2025 | $16,716 | $1,250,000 | $700,000 | $550,000 |
| 2024 | $4,036 | $224,232 | $56,599 | $167,633 |
| 2023 | $3,972 | $219,837 | $55,490 | $164,347 |
| 2022 | $3,879 | $215,527 | $54,402 | $161,125 |
| 2021 | $3,783 | $211,302 | $53,336 | $157,966 |
| 2019 | $3,842 | $206,417 | $51,755 | $154,662 |
| 2018 | $3,547 | $202,398 | $50,741 | $151,657 |
| 2016 | $3,209 | $193,215 | $48,772 | $144,443 |
| 2015 | $3,060 | $190,314 | $48,040 | $142,274 |
| 2014 | $3,132 | $186,587 | $47,099 | $139,488 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Petrosian
Seller's Agent in 2024
Nicholas Petrosian
RE/MAX
(949) 607-7096
49 Total Sales
-
Ronald Perez
Buyer's Agent in 2024
Ronald Perez
Jason Mitchell Real Estate California, Inc.
(818) 749-2979
56 Total Sales
Map
Source: The MLS
MLS Number: 24-395045
APN: 6268-016-029
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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