NOT LISTED FOR SALE

6515 72nd St Paramount, CA 90723

Estimated Value: $1,624,000 - $2,682,569

3 Beds
2 Baths
-- Sq Ft
0.38 Acres

Last Sold October 21, 2019

Last sale price $1,800,000

Est. 20% increase in value since last sale

Current estimated payment $13,583/month

107 Days on Market

About This Home

As of October 2019

We are pleased to present a 6 unit multi-family community located in the prime Gateway City of Paramount, CA. Located near major thoroughfare Alondra Boulevard, this unique subject property was built in 1989, and consists of approximately 9,144 square feet on an over sized 16,735 square foot lot. Truly built to condo-quality, specs, the building consists of all spacious three bedroom / two bathroom townhouse style units, each of which average over 1,500 square feet.
There is plenty of on site-parking, with six two-car attached garages as well as multiple on-site parking spaces available for tenants. The property is located just south of main thoroughfare Alondra Boulevard in the city Paramount, a short drive from the Paramount Town Center. Furthermore, due to close proximity and ease of access to Los Angeles & Orange Counties, tenants benefit from the many restaurants and various shops all within a short drive from the property. This is an absolutely incredible opportunity to acquire a unique, non-rent controlled, true pride
of ownership multi-family asset in the city of Paramount and would be a great addition to any investors portfolio.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 07/03/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,986

Year Built

  • Built in 1989

Lot Details

  • 0.38 Acre Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • 2-Story Property
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 7 / 23
  • Tax Tract Number 553802
  • Assessor Parcel Number 7101009001

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Gardener Expense $1,500
  • Insurance Expense $3,658
  • Maintenance Expense $4,500
  • Other Expense $1,400
  • Professional Management Expense $5,253
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $29,602
  • Operating Expense $50,713
  • Gross Income $131,334
  • Net Operating Income $80,621

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,986

Year Built

Built in 1989

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 5253.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: PARM*
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 7101009001
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Septic Type Unknown, Unknown
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 16552.80
  • Lot Size Acres: 0.3800

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1200.00
  • Gross Income: 131334.00
  • Gross Scheduled Income: 135396.00
  • Insurance Expense: 3658.00
  • Lot Size Area: 0.3800 Acres
  • Maintenance Expense: 4500.00
  • Net Operating Income: 80621.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 50713.00
  • Other Expense: 1400.00
  • Other Expense Description: Res/Ad.
  • Rent Control: No
  • Total Actual Rent: 135396.00
  • Total Expenses: 50713.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 29602.00
  • Tax Block: 23
  • Tax Census Tract: 5538.02
  • Tax Lot: 7
  • Tax Tract Number: 553802

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2019
Closed on
Oct 4, 2019
Sold by
Rosenbledt Vallory Ann and Rosenbledt Vallory Ann
Bought by
Poppy Street Llc
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,250,000
Sold Price
$1,800,000
Premium/Discount to List
-$450,000
-20%
Current Estimated Value
$2,153,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,285
Avg. Annual Appreciation
3.04%

Purchase Details

Closed on
Apr 12, 2005
Sold by
Rosenbledt Vallory Ann
Bought by
Revocab Rosenbledt Vallory Ann and Revocab Vallory Ann Rosenbledt

Purchase Details

Closed on
Jun 2, 1999
Sold by
Rosenbledt Daniel J and Rosenbledt Vallory A
Bought by
Rosenbledt Daniel J and Rosenbledt Vallory A

Purchase Details

Closed on
Jun 1, 1999
Sold by
Rosenbledt Daniel J
Bought by
Rosenbledt Vallory A

Purchase Details

Closed on
Jun 5, 1995
Sold by
Stuber Judy
Bought by
Stuber Charles

Purchase Details

Closed on
May 15, 1995
Sold by
Glendale Federal Bank Fsb
Bought by
Stuber Charles

Purchase Details

Closed on
Apr 10, 1995
Sold by
Rodriguez Eduardo and Rodriguez Magali
Bought by
Glendale Federal Bank Fsb
Source: Public Records

Range of Values:

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Average Value
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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
Poppy Street Llc $1,800,000 Ticor Title Company
Revocab Rosenbledt Vallory Ann -- --
Rosenbledt Daniel J -- Fidelity Title
Rosenbledt Vallory A -- Fidelity Title
Stuber Charles -- Fidelity National Title Ins
Stuber Charles $352,500 Fidelity National Title Ins
Glendale Federal Bank Fsb $502,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2019 10/21/19 Sold $1,800,000 -20.0% --
10/18/2019 10/18/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $2,250,000 -- --
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 $25,986 $1,968,558 $688,994 $1,279,564
2024 $25,986 $1,929,960 $675,485 $1,254,475
2023 $25,517 $1,892,119 $662,241 $1,229,878
2022 $24,856 $1,855,019 $649,256 $1,205,763
2021 $24,271 $1,818,647 $636,526 $1,182,121
2020 $23,747 $1,800,000 $630,000 $1,170,000
2019 $9,074 $519,277 $178,698 $340,579
2018 $8,431 $509,096 $175,195 $333,901
2016 $7,554 $489,329 $168,393 $320,936
2015 $7,193 $481,980 $165,864 $316,116
2014 $7,360 $472,539 $162,615 $309,924
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19157343

California Regional Multiple Listing Service (CRMLS)

APN: 7101-009-001