NOT LISTED FOR SALE

16437 California Ave Unit 5 Paramount, CA 90723

13 Beds
9 Baths
4,910 Sq Ft
7,502 Sq Ft Lot

Last Sold September 16, 2019

Last sale price $1,300,000 $265 Per Sq Ft

99 Days on Market

About This Home

As of September 2019

Calling all investors! This is a great opportunity for a multifamily investment with upside potential. These units are located in a great area in Paramount! Properties includes front house with 3 bedrooms 2 baths. There are 4 units in the back, 3 units have 3 bedrooms and 2 baths and 1 unit has 1bedroom 1bath! All units are very spacious and in fair conditions. Each unit comes with a one car garage and separate meters. There is an onsite laundry facility for additional income. There is very low maintenance needed for these units! This is a must see!

Last Agent to Sell the Property

Cesar Gonzalez

Real Estate Source, Inc. License #01358685 Listed on: 05/01/2019

Co-Listed By

Gerry Sykes

Realty One Group Diamond License #00854379

Last Buyer's Agent

Juanita Urzua

Century 21 Jervis & Associates License #01322219

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 7,502 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,910 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 7103024016

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $120
  • Fuel Expense $830
  • Insurance Expense $3,250
  • Trash Expense $830
  • Water Sewer Expense $830
  • New Taxes Expense $18,437
  • Operating Expense $24,297
  • Net Operating Income $63,426

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.30
  • Property Attached: Yes
  • Water Sewer Expenses: 830.00
  • Zoning: PARM*
  • Property Type: Residential Income
  • Parcel Number: 7103024016
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 264.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 830.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1722

Multi Family

  • Electric Expense: 120.00
  • Fuel Expense: 830.00
  • Gross Multiplier: 15.17
  • Gross Scheduled Income: 97200.00
  • Gross Spendable Income: 8100.00
  • Insurance Expense: 3250.00
  • Lot Size Area: 7502.0000 Square Feet
  • Net Operating Income: 63426.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 33774.00
  • Rent Control: No
  • Total Expenses: 24297.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 18437.00
  • Tax Census Tract: 5539.02
  • Tax Lot: 9
  • Tax Tract Number: 0000

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
09/16/2019 09/16/19 Sold $1,300,000 -3.7% $265 / Sq Ft
08/08/2019 08/08/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $1,350,000 0.0% $275 / Sq Ft
06/27/2019 06/27/19 Pending -- -- --
06/13/2019 06/13/19 Price Changed $1,350,000 -8.5% $275 / Sq Ft
05/01/2019 05/01/19 For Sale $1,475,000 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cesar Gonzalez

    Seller's Agent in 2019

    Cesar Gonzalez

    Real Estate Source, Inc.

    (562) 787-8770

    19 Total Sales

    Cesar Gonzalez
    Section Image

  • G

    Seller Co-Listing Agent in 2019

    Gerry Sykes

    Realty One Group Diamond

  • J

    Buyer's Agent in 2019

    Juanita Urzua

    Century 21 Jervis & Associates

    (562) 862-2226

    5 Total Sales

    Juanita Urzua
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19099487

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Paramount 90723

16437 California Ave Unit 5, Paramount, CA

This home is located at 16437 California Ave Unit 5, Paramount, CA 90723 since 01 May 2019. This property was built in 1929. 16437 California Ave Unit 5 is a home located in Los Angeles County with nearby schools including Major Lynn Mokler School, Alondra Middle School, and Paramount High School.

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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