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
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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 List to Sale Price per Sq Ft
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

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 $19,078 $1,421,734 $568,693 $853,041
2024 $19,078 $1,393,858 $557,543 $836,315
2023 $18,732 $1,366,528 $546,611 $819,917
2022 $18,249 $1,339,735 $535,894 $803,841
2021 $17,832 $1,313,467 $525,387 $788,080
2020 $17,458 $1,300,720 $520,000 $780,720
2019 $12,409 $812,601 $254,905 $557,696
2018 $11,662 $796,682 $249,907 $546,775
2016 $10,429 $765,055 $240,203 $524,852
2015 $9,871 $753,564 $236,595 $516,969
2014 $10,099 $738,804 $231,961 $506,843
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19099487

California Regional Multiple Listing Service (CRMLS)