NOT LISTED FOR SALE

16129 Garfield Ave Paramount, CA 90723

Estimated Value: $730,000 - $824,000

2 Beds
1 Bath
1,332 Sq Ft
$586/Sq Ft Est. Value

Last Sold December 08, 2015

Last sale price $430,000 $323 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $4,654/month

50 Days on Market

About This Home

As of December 2015

Large corner lot with 2 buildings- Duplex (2+1 each) access to alley. City Zoning is PACMYY. Great for future commercial or light manufacture opportunity. Come and see this income property.

Last Agent to Sell the Property

Viannette Serrano

Excellence RE Real Estate License #01204578 Listed on: 04/16/2015

Last Buyer's Agent

Viannette Serrano

Excellence RE Real Estate License #01204578 Listed on: 04/16/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 9,486 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Parking

  • 2 Parking Spaces

Home Design

  • 1,332 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 59
  • Tax Tract Number 11721
  • Assessor Parcel Number 7102009022

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,050
  • Insurance Expense $450
  • Trash Expense $300
  • Water Sewer Expense $300
  • New Taxes Expense $5,000
  • Gross Income $2,500
  • Net Operating Income $1,850

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 7102009022
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 322.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Size Sq Ft: 9486.00
  • Price Per Lot Square Foot: 45.33
  • Lot Size Acres: 0.2180

Multi Family

  • Electric Expense: 1050.00
  • Gross Income: 2500.00
  • Gross Scheduled Income: 2500.00
  • Insurance Expense: 450.00
  • Lot Size Area: 9486.0000 Square Feet
  • Net Operating Income: 1850.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 650.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 59
  • Tax Tract Number: 11721
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2017
Sold by
Kurkjian Azad Paul and Toriz Erika P
Bought by
Kurkjian Azad Paul and Toriz Erika P
Current Estimated Value
$780,904

Purchase Details

Closed on
May 21, 2015
Sold by
Remersaro Robert and Remersaro Valerie
Bought by
Kurkjian Azad Paul and Toriz Erika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Remersaro Robert and Remersaro Valerie

Purchase Details

Closed on
May 12, 2008
Sold by
Alvarez Veronica
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2006-1

Purchase Details

Closed on
Nov 11, 2005
Sold by
Sanchez Humberto
Bought by
Alvarez Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2005
Sold by
Encinas Delfina
Bought by
Alvarez Veronica

Purchase Details

Closed on
Jan 26, 2005
Sold by
Alvarez Veronica
Bought by
Encinas Delfina

Purchase Details

Closed on
Mar 25, 2003
Sold by
Ruiz Maria and Alvarez Ricardo
Bought by
Alvarez Veronica

Purchase Details

Closed on
Jun 9, 1998
Sold by
Knebel William E Tr and Bradshaw Ralph M
Bought by
Ruiz Maria and Alvarez Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,219
Interest Rate
6.93%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 22, 1994
Sold by
Knebel William E and The Ralph M Bradshaw & Christe
Bought by
Knebel William E and The Ralph M Bradshaw & Christe

Purchase Details

Closed on
Sep 2, 1993
Sold by
Bradshaw Ralph M and Bradshaw Christena K
Bought by
Bradshaw Ralph M and Bradshaw Christena K
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
Kurkjian Azad Paul -- None Available
Kurkjian Azad Paul $430,000 Old Republic Title Company
Remersaro Robert $305,000 Lsi Title Company
Deutsche Bank National Trust Co $328,500 Servicelink
Alvarez Veronica -- United Title Company
Alvarez Veronica -- --
Encinas Delfina -- --
Alvarez Veronica -- --
Ruiz Maria $166,000 Lawyers Title
Knebel William E -- --
Bradshaw Ralph M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kurkjian Azad Paul $340,000
Previous Owner Alvarez Veronica $400,000
Previous Owner Ruiz Maria $162,219
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2015 12/08/15 Sold $430,000 -3.4% $323 / Sq Ft
05/14/2015 05/14/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $445,000 -- $334 / 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 $6,759 $509,026 $390,649 $118,377
2024 $6,759 $499,046 $382,990 $116,056
2023 $6,636 $489,262 $375,481 $113,781
2022 $6,461 $479,669 $368,119 $111,550
2021 $6,315 $470,264 $360,901 $109,363
2020 $6,176 $465,443 $357,201 $108,242
2019 $6,705 $456,318 $350,198 $106,120
2018 $6,030 $447,372 $343,332 $104,040
2016 $5,630 $430,000 $330,000 $100,000
2015 $4,935 $407,159 $321,443 $85,716
2014 $5,061 $399,184 $315,147 $84,037
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15063065

California Regional Multiple Listing Service (CRMLS)

APN: 7102-009-022