NOT LISTED FOR SALE

6739 Motz St Paramount, CA 90723

Estimated Value: $902,000 - $1,025,262

6 Beds
3 Baths
2,120 Sq Ft
$451/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $825,000 $389 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,241/month

29 Days on Market

Highlights

  • No HOA
  • 4 Car Garage
  • 1-Story Property

About This Home

As of September 2022

Duplex consists of detached units with 3 bedrooms each. Both have two car garages with laundry hookups plus driveway parking. Tenants have been there over 9 years. Separate meters for Gas and Electric and owner pays for water and trash. Back 3/2 unit was built in 1991 and totals 1,155 Sq. Ft. Large lot of 8,897 Sq Ft. Easy access to both the 91 and 710 Freeways. Strong rental location!

Last Listed By

Richard Bell

Bell Realty Group License #01344469 Listed on: 07/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,267

Year Built

  • Built in 1940

Lot Details

  • 8,897 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Driveway Level

Interior Spaces

  • 2,120 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 33
  • Tax Tract Number 11676
  • Assessor Parcel Number 7101004012

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Maintenance Expense $1,200
  • Other Expense $1,600
  • Trash Expense $650
  • Water Sewer Expense $1,100
  • New Taxes Expense $11,201
  • Operating Expense $17,401
  • Gross Income $45,745
  • Net Operating Income $28,344

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,267

Year Built

Built in 1940

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 444500
  • Property Attached: No
  • Water Sewer Expenses: 1100.00
  • Zoning: PAR2*
  • Property Type: Residential Income
  • Parcel Number: 7101004012
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 389.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway Level, Garage
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 650.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8897.00
  • Lot Size Acres: 0.2042

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Operating Income: 45745.00
  • Gross Scheduled Income: 47160.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 8897.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 28344.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 17401.00
  • Other Expense: 1600.00
  • Other Expense Description: Reserve
  • Rent Control: Yes
  • Total Actual Rent: 3930.00
  • Total Expenses: 17401.00
  • Vacancy Allowance: 1415
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11201.00
  • Tax Census Tract: 5538.02
  • Tax Lot: 33
  • Tax Tract Number: 11676

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Aug 25, 2022
Sold by
Cite and Diane
Bought by
Ting Lizabeth Lychou and Jalos Arnold
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Lucille Taing-Cheam
Circle Real Estate
List Price
$889,000
Sold Price
$825,000
Premium/Discount to List
-$64,000
-7.2%
Total Days on Market
29
Views
12
Current Estimated Value
$956,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,316
Avg. Annual Appreciation
3.93%
Original Mortgage
$810,057
Outstanding Balance
$780,069
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$133,583

Purchase Details

Closed on
Sep 28, 2011
Sold by
Hernandez Manuel C and Hernandez Irene M
Bought by
Che Michael and Che Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2006
Sold by
Boulos Onsy M and Boulos Mona A
Bought by
Hernandez Manuel C and Hernandez Irene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,200
Interest Rate
7.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 11, 2005
Sold by
Boulos Onsy M and Boulos Mona A
Bought by
Boulos Onsy M and Boulos Mona A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,900
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 27, 2005
Sold by
Kartchner Derek
Bought by
Kartchner Derek and Kartchner Carrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,900
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 11, 2005
Sold by
Kartchner Derek and Kartchner Carrie
Bought by
Boulos Onsy M and Boulos Mona A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,900
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 20, 2004
Sold by
Kartchner Carrie
Bought by
Kartchner Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.85%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Range of Values:

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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
Ting Lizabeth Lychou $825,000 --
Che Michael $356,000 Lawyers Title Company
Hernandez Manuel C $664,000 First American Title Company
Boulos Onsy M -- --
Kartchner Derek -- First American Title Company
Boulos Onsy M $498,500 First American Title
Kartchner Derek -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ting Lizabeth Lychou $810,057
Previous Owner Che Michael $245,000
Previous Owner Che Michael $267,000
Previous Owner Hernandez Manuel C $531,200
Previous Owner Boulos Onsy M $348,900
Previous Owner Kartchner Derek $280,000
Previous Owner Kartchner Derek $69,000
Closed Boulos Onsy M $99,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2022 09/08/22 Sold $825,000 -7.2% $389 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $889,000 0.0% $419 / Sq Ft
04/26/2013 04/26/13 Rented $1,950 0.0% --
04/08/2013 04/08/13 Under Contract -- -- --
02/10/2013 02/10/13 For Rent $1,950 -- --
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
2024 $11,267 $841,500 $596,700 $244,800
2023 $10,849 $825,000 $585,000 $240,000
2022 $5,908 $421,356 $273,411 $147,945
2021 $5,772 $413,095 $268,050 $145,045
2020 $5,649 $408,860 $265,302 $143,558
2019 $5,910 $400,844 $260,100 $140,744
2018 $5,417 $392,985 $255,000 $137,985
2016 $4,864 $377,727 $245,099 $132,628
2015 $4,593 $372,054 $241,418 $130,636
2014 $4,708 $364,767 $236,689 $128,078
Source: Public Records

Agents Affiliated with this Home

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Map

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22166564

California Regional Multiple Listing Service (CRMLS)

APN: 7101-004-012