$725,000
SOLD JUN 17, 2024

15943 Vermont Ave Paramount, CA 90723

3 Beds
2 Baths
1,488 Sq Ft
7,500 Sq Ft Lot

Recently Sold

$487 Per Sq Ft

9% Below List Price

49 Days on Market

Highlights

  • Private Yard
  • Living Room
  • Jack-and-Jill Bathroom
  • No HOA
  • Laundry Room
  • Bungalow

About This Home

As of June 2024

Welcome to this fabulous investment opportunity, offering the perfect blend of comfort, space and potential income! This unique and spacious lot features TWO detached houses, TWO detached garages, and a HUGE detached barn structure. This unique property presents a versatile opportunity for both homeowners and investors alike. The front house boasts functionality with two bedrooms and one bathroom, a generously sized kitchen, living room, service porch with laundry hookups and detached one car garage with long driveway for ample parking. The back unit is currently being utilized as a one bedroom, one bathroom home, but shows up on the tax records as having two bedrooms. The back unit could easily be converted back into a two bedroom, one bathroom home. It has an extremely large kitchen, laundry room with hookups and generously sized detached two car garage with a permitted room attached, that is currently being used as an additional storage area. The existing (detached) two car garage with the permitted room, is potentially a sizeable Accessory Dwelling Unit (ADU). If that is not enough…there is another structure on the property! A huge, oversized barn structure, that could easily fit 4+ cars with room to spare. This structure might be a great future garage, who knows!

This duplex (with 5 separate structures on the lot) is a diamond in the rough, ready to be transformed into a gem. With a little updating and some TLC, it has the potential to become a welcoming, stylish, and valuable property. Each unit enjoys its own private outdoor area.

YOU CAN BUY AS AN INVESTOR OR AS A FIRST-TIME BUYER, LIVE IN ONE AND RENT THE OTHER ONE FOR ADDITIONAL INCOME. The options are unlimited! Being sold in as is condition.

Last Agent to Sell the Property

Melissa Mihalik

Coldwell Banker Realty Brokerage Phone: 562-537-0074 License #02096667

Coldwell Banker Realty

Last Buyer's Agent

Rod Austin

Home Base Realty Inc License #01944483

Home Base Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,315

Year Built

  • Built in 1922

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage
  • Two Garage Doors
  • Driveway

Home Design

  • Duplex
  • Bungalow
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,488 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Basement

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Jack-and-Jill Bathroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Shed
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 7273
  • Assessor Parcel Number 7102015009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,954
  • Operating Expense $6,254
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,315

Year Built

Built in 1922

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Price Per Unit: 399750
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • View: No
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7102015009
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters
  • Stories: 1
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 487.23
  • Room Type: All Bedrooms Down, Basement, Jack & Jill, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Foundation: Raised
  • Other Structures: Shed(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage Faces Front, Garage Faces Rear, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Level, Sprinkler System, Yard
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722
  • Latitude Manual: 33.88787000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 26400.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 1954.00
  • Lot Size Area: 7500.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Patio: 1
  • Number With Refrigerator: 2
  • Operating Expense: 6254.00
  • Rent Control: Yes
  • Total Expenses: 6254.00

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 7273

Map

Range of Values:

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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 Change Sq Ft Price
06/17/2024 06/17/24 Sold $725,000 -9.3% $487 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $799,500 -- $537 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $1,315 $41,964 $34,093 $7,871
2023 $1,299 $41,142 $33,425 $7,717
2022 $1,273 $40,336 $32,770 $7,566
2021 $1,244 $39,546 $32,128 $7,418
2020 $1,228 $39,141 $31,799 $7,342
2019 $1,247 $38,375 $31,176 $7,199
2018 $1,048 $37,623 $30,565 $7,058
2016 $960 $36,164 $29,379 $6,785
2015 $928 $35,622 $28,938 $6,684
2014 $949 $34,926 $28,372 $6,554
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 Seller Take Back
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $725,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Grant Deed -- --
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24058535

California Regional Multiple Listing Service (CRMLS)

APN: 7102-015-009