NOT LISTED FOR SALE

16844 Passage Ave Paramount, CA 90723

Paramount Area
36 Beds
18 Baths
16,162 Sq Ft
0.53 Acre Lot

Sale Details

Date Sold: November 10, 2014

Last sale price $3,000,000 $186 Per Sq Ft

34 Days on Market

About This Home

As of November 2014

We are pleased to present for sale 18 spacious 2 Bedroom 1 Bath units in the city of Paramount. The units are an average of 900 square feet each. The property consists of 3 separate structures on a 23,049 square foot lot. THE CURRENT LOAN WITH CHASE BANK ($1,837,500) MUST BE ASSUMED AND OFFERS A BUYER 4.11% INTEREST RATE UNTIL SEPTEMBER OF 2018.CONTACT LISTING AGENT FOR DETAILS AND A FULL MARKETING PACKAGE. DRIVE BY ONLY. TENANTS ARE NOT AWARE OF THE SALE.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 06/24/2014

Last Buyer's Agent

NORMAN YU CHANG

License #00970183

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.53

Parking

  • 5 Car Garage

Interior Spaces

  • 16,162 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 18 Bathrooms

Additional Features

  • 23,050 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 7107-009-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.53 Acres

Parking

5

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 16162
  • Manager Expense: 6000.00
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 36
  • Total Bathrooms: 18.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 185.62

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Wood Frame
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 5
  • Covered Parking: 23
  • Garage Structures: 5
  • Parking Garage: Covered Parking, Garage
  • Total Parking: 23

Utilities

  • Electric Expense: 1440.00
  • Heating: Wall
  • Water Expense: 3669.00

Fee Information

  • Gas Expense: 900.00
  • Insurance Expense: 6228.00
  • Maintenance Expense: 12659.00
  • Trash Expense: 5652.00

Lot Info

  • Assessed Improvement Value: 1893529
  • Assessed Land Value: 738936
  • Assessor Parcel Number: 7107-009-018
  • Geocode Override: No
  • Lot Size Area: 23050

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 11.49
  • Number Of Units: 18
  • Rent Control: 0%
  • Type Of Units: APT

Tax Info

  • Tax Expense: 41784.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2014
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,837,500
Interest Rate
4.57%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 18, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,837,500
Interest Rate
4.57%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 28, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,685,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,710,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 4, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,237,500
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 10, 1999
Sold by
Bought by

Purchase Details

Closed on
Feb 10, 1999
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Paramount, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,162,500 Fidelity National Title Co
-- Old Republic Title Company
$2,450,000 Old Republic Title Company
-- Stewart Title Of Ca Inc
$2,280,000 Fidelity National Title
-- First American Title Co
$1,411,000 First American Title Co
-- Chicago Title
-- Chicago Title
-- Chicago Title
-- Chicago Title Co
$550,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,025,000
Previous Owner $1,837,500
Previous Owner $1,837,500
Previous Owner $1,685,000
Previous Owner $1,710,000
Previous Owner $1,237,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/10/2014 11/10/14 Sold $3,000,000 0.0% $186 / Sq Ft
07/28/2014 07/28/14 Pending -- -- --
06/24/2014 06/24/14 For Sale $3,000,000 -- $186 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $50,536 $3,605,541 $1,261,938 $2,343,603
2024 $48,263 $3,534,845 $1,237,195 $2,297,650
2023 $47,388 $3,465,536 $1,212,937 $2,252,599
2022 $46,166 $3,397,585 $1,189,154 $2,208,431
2021 $45,083 $3,330,967 $1,165,838 $2,165,129
2019 $46,215 $3,232,170 $1,131,259 $2,100,911
2018 $43,183 $3,168,795 $1,109,078 $2,059,717
2016 $38,738 $3,045,749 $1,066,012 $1,979,737
2015 $36,546 $3,000,000 $1,050,000 $1,950,000
2014 -- $2,450,000 $860,000 $1,590,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-772533

The MLS
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