NOT LISTED FOR SALE

16631 Orizaba Ave Paramount, CA 90723

Estimated Value: $1,232,000 - $1,529,000

7 Beds
4 Baths
3,452 Sq Ft
$399/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $1,080,000 $313 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $8,478/month

186 Days on Market

About This Home

As of June 2021

This home is located at 16631 Orizaba Ave, Paramount, CA 90723 since 03 August 2020 and is currently estimated at $1,375,893, approximately $398 per square foot. This property was built in 1963. 16631 Orizaba Ave is a home located in Los Angeles County with nearby schools including Major Lynn Mokler School, Alondra Middle School, and Paramount High School.

Last Agent to Sell the Property

Ben Ong

Manna Realty License #01291718 Listed on: 08/03/2020

Last Buyer's Agent

Andrew Munoz

Keller Williams Pacific Estate License #01989243

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,487 Sq Ft Lot
  • No Common Walls

Home Design

  • 3,452 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • Carport
  • Parking Available

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 7 / 89
  • Assessor Parcel Number 7103025018

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $300
  • Insurance Expense $1,700
  • Trash Expense $944
  • Water Sewer Expense $1,665
  • New Taxes Expense $11,440
  • Operating Expense $16,049
  • Net Operating Income $57,907

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1665.00
  • Zoning: PAR2*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7103025018
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 312.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 944.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 8487.00
  • Lot Size Acres: 0.1948

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 300.00
  • Gross Scheduled Income: 73956.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 8487.0000 Square Feet
  • Net Operating Income: 57907.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 16049.00
  • Rent Control: No
  • Total Actual Rent: 6163.00
  • Total Expenses: 16049.00

Tax Info

  • New Taxes Expense: 11440.00
  • Tax Block: 89
  • Tax Census Tract: 5539.02
  • Tax Lot: 7
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2019
Closed on
Sep 12, 2019
Sold by
Cho Young Heeyoung
Bought by
Young Henry
Seller's Agent
Rene Aguilar
First Family Homes
Buyer's Agent
Ben Ong
Manna Realty
List Price
$990,950
Sold Price
$1,040,000
Premium/Discount to List
$49,050
4.95%
Current Estimated Value
$1,371,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,288
Avg. Annual Appreciation
4.54%
Original Mortgage
$780,000
Outstanding Balance
$680,222
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$695,671

Purchase Details

Listed on
Jul 22, 2019
Closed on
Aug 13, 2019
Sold by
Nava Cande
Bought by
Young Henry
Seller's Agent
Rene Aguilar
First Family Homes
Buyer's Agent
Ben Ong
Manna Realty
List Price
$990,950
Sold Price
$1,040,000
Premium/Discount to List
$49,050
4.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Outstanding Balance
$680,222
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$695,671

Purchase Details

Closed on
Feb 6, 2018
Sold by
Nava Cande and Cebedo Candelario Nava
Bought by
Nava Cande

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2010
Sold by
Perez Blasa Nava
Bought by
Nava Cande C and Acebedo Candelario Nava

Purchase Details

Closed on
Feb 14, 2003
Sold by
Perez Juan
Bought by
Perez Blasa Nava
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Young Henry -- Lawyers Title
Young Henry $1,040,000 Lawyers Title Company
Nava Cande -- Old Republic Title
Nava Cande C -- None Available
Perez Blasa Nava -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Henry $780,000
Previous Owner Nava Cande $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/18/2021 06/18/21 Sold $1,080,000 0.0% $313 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
12/16/2020 12/16/20 Price Changed $1,080,000 -4.4% $313 / Sq Ft
11/10/2020 11/10/20 Price Changed $1,130,000 -2.6% $327 / Sq Ft
09/27/2020 09/27/20 Price Changed $1,160,000 -1.7% $336 / Sq Ft
08/03/2020 08/03/20 For Sale $1,180,000 +13.5% $342 / Sq Ft
09/17/2019 09/17/19 Sold $1,040,000 -5.5% $301 / Sq Ft View Prior Sale
08/09/2019 08/09/19 Pending -- -- --
08/03/2019 08/03/19 Price Changed $1,100,000 +11.0% $319 / Sq Ft
07/22/2019 07/22/19 For Sale $990,950 -- $287 / 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 $15,783 $1,169,024 $644,046 $524,978
2024 $15,233 $1,146,103 $631,418 $514,685
2023 $14,953 $1,123,632 $619,038 $504,594
2022 $14,560 $1,101,600 $606,900 $494,700
2021 $13,876 $1,050,773 $577,925 $472,848
2020 $13,568 $1,040,000 $572,000 $468,000
2019 $9,238 $626,438 $393,854 $232,584
2018 $6,676 $458,315 $272,267 $186,048
2016 $6,010 $440,520 $261,696 $178,824
2015 $5,688 $433,904 $257,766 $176,138
2014 $5,829 $425,405 $252,717 $172,688
Source: Public Records

Agents Affiliated with this Home

  • Ben Ong

    Seller's Agent in 2021

    Ben Ong

    Manna Realty

    (714) 209-6627

    2 in this area

    27 Total Sales

    Ben Ong
    Section Image
  • Andrew Munoz

    Buyer's Agent in 2021

    Andrew Munoz

    Keller Williams Pacific Estate

    (562) 261-0900

    1 in this area

    77 Total Sales

    Andrew Munoz
    Section Image
  • Rene Aguilar

    Seller's Agent in 2019

    Rene Aguilar

    First Family Homes

    (562) 824-0574

    13 Total Sales

    Rene Aguilar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20155805

California Regional Multiple Listing Service (CRMLS)

APN: 7103-025-018

California Los Angeles County Paramount 90723

16631 Orizaba Ave, Paramount, CA

Not Listed for Sale

MultiFamily

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