NOT LISTED FOR SALE

16426 Orizaba Ave Paramount, CA 90723

Estimated Value: $983,000 - $1,243,000

6 Beds
3 Baths
2,446 Sq Ft
$467/Sq Ft Est. Value

Last Sold December 10, 2020

Last sale price $825,000 $337 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,069/month

99 Days on Market

Highlights

  • Fireplace in Bathroom
  • 4 Car Direct Access Garage
  • Laundry Room
  • No HOA
  • Double Pane Windows
  • Shed

About This Home

As of December 2020

Fantastic investment opportunity! This beautiful duplex home located in the city of Paramount at 16426 & 16428 Orizaba Ave. The front unit is a 4 Bedroom, 2 Bath home and a detached 2 car garage. The separate back unit has 2 Bedroom/ 1 Bath, and a attached 2 car garage. Both units have separate entrances, gas and electric meters. Both units will be delivered vacant at the close of escrow. Back unit was built in 2008 and completed in 2009. Both properties feature the following renovations that were completed in 2009- tile roof, cooper plumbing, electrical panels, electric wiring throughout the properties, double pane windows, Teflon gas lines, insulation, stucco, side brick walls. All upgrades and renovations on both units have permits. This is a great opportunity to live in one and rent two others. Property also features a permitted 10x10 storage unit behind front garage. This property has great potential. Property is located near shopping centers, restaurants, schools and freeways!

Last Agent to Sell the Property

Helida Patricio

Circle Real Estate License #01900292 Listed on: 06/24/2020

Circle Real Estate

Last Buyer's Agent

Raul Vega

Bankers Investment Group Inc. License #01870029

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 7,514 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Raised Foundation
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,446 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Shed

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 81
  • Tax Tract Number 7273
  • Assessor Parcel Number 7103022009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,500
  • Water Sewer Expense $2,050
  • New Taxes Expense $5,740
  • Operating Expense $10,010
  • Gross Income $40,200
  • Net Operating Income $30,190

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2050.00
  • Zoning: PAR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7103022009
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Fireplace Features: Bath, Living Room, Gas
  • Levels: One
  • Price Per Square Foot: 337.29
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised, Slab
  • Other Structures: Shed(s)
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7514.00
  • Lot Size Acres: 0.1725

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40200.00
  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7514.0000 Square Feet
  • Net Operating Income: 30190.00
  • 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
  • Operating Expense: 10010.00
  • Rent Control: No
  • Total Actual Rent: 3350.00
  • Total Expenses: 10010.00

Tax Info

  • New Taxes Expense: 5740.00
  • Tax Block: 81
  • Tax Census Tract: 5539.02
  • Tax Lot: 3
  • Tax Tract Number: 7273

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2022
Sold by
Efrain Quezada
Bought by
Emc Equity Management Llc
Current Estimated Value
$1,142,908

Purchase Details

Closed on
Aug 28, 2020
Sold by
Chavez Miguel Angel and De Belen Chavez
Bought by
Quezada Efrain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2013
Sold by
Chavez Miguel Angel
Bought by
Chavez Miguel Angel and Chavez Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,442
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2005
Sold by
Chavez Miguel Angel
Bought by
Chavez Miguel Angel and Chavez Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2004
Sold by
Chavez Maria Elena
Bought by
Chavez Miguel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2002
Sold by
Chavez Roger
Bought by
Chavez Miguel A and Chavez Maria Elena

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
6.03%

Purchase Details

Closed on
Jul 28, 1998
Sold by
Va
Bought by
Chavez Miguel and Chavez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,010
Interest Rate
6.93%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 25, 1998
Sold by
Ft Mtg Companies
Bought by
Va

Purchase Details

Closed on
Feb 6, 1998
Sold by
Lewis Larry J
Bought by
Ft Mtg Companies and Ftb Mtg Services
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Emc Equity Management Llc -- First American Title Company O
Quezada Efrain $825,000 First American Title Company
Chavez Maria Cruz De Belen -- First American Title Company
Chavez Miguel Angel -- Provident Title Company
Chavez Miguel Angel -- Stewart Title Of Ca Inc
Chavez Miguel A -- Gateway Title Company
Chavez Miguel A -- Fidelity
Chavez Miguel $140,500 First American Title Co
Va -- Fidelity National Title Ins
Ft Mtg Companies $101,158 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quezada Efrain $701,250
Previous Owner Chavez Miguel Angel $403,442
Previous Owner Chavez Miguel Angel $290,000
Previous Owner Chavez Miguel A $225,000
Previous Owner Chavez Miguel A $142,000
Previous Owner Chavez Miguel $140,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2020 12/10/20 Sold $825,000 -2.9% $337 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
09/25/2020 09/25/20 Price Changed $850,000 -6.3% $348 / Sq Ft
07/24/2020 07/24/20 Price Changed $907,000 -2.2% $371 / Sq Ft
06/24/2020 06/24/20 For Sale $927,000 -- $379 / 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 $13,603 $1,073,692 $811,512 $262,180
2024 $13,603 $1,052,640 $795,600 $257,040
2023 $11,248 $858,330 $431,766 $426,564
2022 $10,948 $841,500 $423,300 $418,200
2021 $10,629 $825,000 $415,000 $410,000
2020 $5,479 $406,319 $124,738 $281,581
2019 $5,740 $398,353 $122,293 $276,060
2018 $5,272 $390,544 $119,896 $270,648
2016 $4,721 $375,382 $115,242 $260,140
2015 $4,452 $369,744 $113,511 $256,233
2014 $4,563 $362,502 $111,288 $251,214
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20122985

California Regional Multiple Listing Service (CRMLS)

APN: 7103-022-009