NOT LISTED FOR SALE

16642 Virginia Ave Paramount, CA 90723

Estimated Value: $806,000 - $1,277,000

5 Beds
2 Baths
2,592 Sq Ft
$404/Sq Ft Est. Value

Last Sold February 20, 2015

Last sale price $610,000 $235 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $6,275/month

58 Days on Market

Highlights

  • 0.37 Acre Lot
  • No HOA
  • Customized Wheelchair Accessible
  • Corner Lot
  • Accessible Parking
  • Central Heating

About This Home

As of February 2015

BUILDERS DREAM!!! Great Opportunity for Builder! 16,000 Sq/Ft of buildable land, already confirmed by City as OK to build 4 Units w/garages.
Two separate Houses, 16642 Virginia Ave is 3 Bdrm, 1.5 Baths on 1600 Sq/Ft. with 2 Car Garage Detached. 8311 E. 70th St is 2 Bdrm, 1 Bath on 992 Sq/Ft with 2 car Garage Attached. Property is Sold As-Is. Expand or build on 8311 70th St and build 3 more houses on the rest of the lot.
16642 Virginia Av. was extended in 1958. 8311 E 70th St was rebuided in 1978

Last Agent to Sell the Property

Eduardo Sidi

iCasa Realty & Investments License #01278366 Listed on: 11/06/2014

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.37 Acre Lot
  • No Common Walls
  • Corner Lot
  • Back and Front Yard
  • On-Hand Building Permits

Parking

  • 4 Car Garage

Home Design

  • Additions or Alterations

Interior Spaces

  • 2,592 Sq Ft Home
  • 1-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Accessible Home Design

  • Customized Wheelchair Accessible
  • Accessible Parking

Location

  • Suburban Location

Utilities

  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Assessor Parcel Number 7103029020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,800
  • Trash Expense $420
  • New Taxes Expense $10,612
  • Gross Income $1,830
  • Net Operating Income $34,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: Country Road
  • Property Condition: Additions/Alterations, Building Permit
  • Property Type: Residential Income
  • Parcel Number: 7103029020
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: Parking, Customized Wheelchair Accessible
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 235.34
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Sewer: Sewer Paid
  • Trash Expense: 420.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft, Corner Lot
  • Lot Size Sq Ft: 16001.00
  • Lot Size Acres: 0.3670

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1830.00
  • Gross Scheduled Income: 21968.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 16001.0000 Square Feet
  • Net Operating Income: 34800.00
  • 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: 12832.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10612.00
  • Tax Lot: 5
  • Tax Tract Number: 0000
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2014
Closed on
Dec 31, 2014
Sold by
Elliott Shirley J and Reifenstein Jacquelyn C
Bought by
Prapavat Vuthisit and Prapavat Jongchit
Seller's Agent
Eduardo Sidi
iCasa Realty & Investments
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$699,900
Sold Price
$610,000
Premium/Discount to List
-$89,900
-12.84%
Current Estimated Value
$1,048,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,339
Avg. Annual Appreciation
5.10%

Purchase Details

Closed on
Apr 12, 2013
Sold by
Elliott Shirley J
Bought by
Elliott Shirley J and Reifenstein Jacquelyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,887
Interest Rate
3.51%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Prapavat Vuthisit $610,000 Pacific Coast Title
Elliott Shirley J -- Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elliott Shirley J $167,887
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2015 02/20/15 Sold $610,000 -12.8% $235 / Sq Ft
12/12/2014 12/12/14 Pending -- -- --
10/15/2014 10/15/14 For Sale $699,900 -- $270 / 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 $9,593 $733,118 $586,498 $146,620
2024 $9,593 $718,745 $574,999 $143,746
2023 $9,418 $704,653 $563,725 $140,928
2022 $9,171 $690,837 $552,672 $138,165
2021 $8,966 $677,292 $541,836 $135,456
2020 $8,767 $671,149 $536,281 $134,868
2019 $9,200 $658,006 $525,766 $132,240
2018 $8,489 $645,120 $515,457 $129,663
2016 $7,621 $619,302 $495,442 $123,860
2015 $1,882 $125,721 $28,335 $97,386
2014 $1,929 $123,259 $27,780 $95,479
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Eduardo Sidi

    iCasa Realty & Investments

  • N

    Buyer's Agent in 2015

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    9 in this area

    6,212 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14222377

California Regional Multiple Listing Service (CRMLS)

APN: 7103-029-020

California Los Angeles County Paramount 90723

16642 Virginia Ave, Paramount, CA

Not Listed for Sale

MultiFamily

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