NOT LISTED FOR SALE

16850 Verdura Ave Paramount, CA 90723

Paramount Area
6 Beds
3 Baths
6,690 Sq Ft
10,701 Sq Ft Lot

Sale Details

Date Sold: October 19, 2018

Last sale price $1,800,000 $269 Per Sq Ft

123 Days on Market

About This Home

As of October 2018

8 unit property, all units are 2 bed 1 bath , 5 of the 8 units have been rehabbed ,lots of upside in rents

Last Agent to Sell the Property

Ali Hijazi

Century 21 A Better Service License #01423794 Listed on: 06/15/2018

Century 21 A Better Service

Last Buyer's Agent

Ali Hijazi

Century 21 A Better Service License #01423794 Listed on: 06/15/2018

Century 21 A Better Service
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 10,701 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 6,690 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Not Available

Listing and Financial Details

  • Assessor Parcel Number 7107003025

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $40
  • Trash Expense $120
  • Water Sewer Expense $300
  • Operating Expense $420
  • Gross Income $11,725
  • Net Operating Income $117,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

10,701 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Zoning: PARM*
  • Property Type: Residential Income
  • Parcel Number: 7107003025
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 269.06

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: None
  • Trash Expense: 120.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10701.00
  • Lot Size Acres: 0.2457

Multi Family

  • Electric Expense: 40.00
  • Gross Income: 11725.00
  • Gross Scheduled Income: 122700.00
  • Lot Size Area: 10701.0000 Square Feet
  • Net Operating Income: 117180.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 5520.00
  • Rent Control: No
  • Total Expenses: 420.00

Tax Info

  • Tax Census Tract: 5539.02

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
May 5, 2023
Sold by
Bought by

Purchase Details

Closed on
Aug 14, 2018
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
$1,000,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2018
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
$1,000,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2018
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
$125,000
Interest Rate
4.43%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 25, 2017
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
$941,625
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2017
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
$941,625
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2014
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
$682,500
Interest Rate
4.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 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
$640,000
Interest Rate
6.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 2001
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
$367,500
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2000
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
-- None Listed On Document
-- Fidelity National Title
$1,800,000 Fidelity National Title
-- First American Title
-- Wfg Title Company Of Ca
$1,395,000 Wfg Title Company Of Ca
-- Fidelity National Title
-- Investors Title Company
-- --
-- Landamerica Lawyers Title
-- --
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
Previous Owner $1,000,000
Previous Owner $1,000,000
Previous Owner $125,000
Previous Owner $941,625
Previous Owner $682,500
Previous Owner $640,000
Previous Owner $367,500
Previous Owner $210,000
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
10/19/2018 10/19/18 Sold $1,800,000 0.0% $269 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
08/15/2018 08/15/18 Off Market $1,800,000 -- --
06/15/2018 06/15/18 For Sale $1,850,000 -- $277 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $27,598 $2,007,929 $803,171 $1,204,758
2024 $26,555 $1,968,559 $787,423 $1,181,136
2023 $26,072 $1,929,961 $771,984 $1,157,977
2022 $25,397 $1,892,120 $756,848 $1,135,272
2021 $24,816 $1,855,020 $742,008 $1,113,012
2019 $25,464 $1,800,000 $720,000 $1,080,000
2018 $19,305 $1,395,000 $395,000 $1,000,000
2016 $12,671 $929,823 $336,447 $593,376
2015 $11,994 $915,857 $331,394 $584,463
2014 $12,288 $897,918 $324,903 $573,015
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18143869

California Regional Multiple Listing Service (CRMLS)
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