Seller's Agent in 2019
Ping Lee
Calidad Realty
(562) 900-5199
13 Total Sales
6841 Somerset Blvd Paramount, CA 90723
1
Bed
2
Baths
2,532
Sq Ft
5,916
Sq Ft Lot
About This Home
As of November 2019The subject property located at 6841 Somerset Boulevard in the city of Paramount, California. There are three buildings on the site with a nice courtyard entrance that serves as access to the units. Each residence is either a single-story one-bedroom/one-bathroom unit, or a single-story bachelor unit. There are four parking spots on the property and one garage used as the storage unit. The garage can be rented out for additional income. Paramount is a very strong rental market and the property is perfectly located on a great rental street three blocks from the 710 Freeway. Located in The city of Paramount . In 2017, Paramount, CA had a population of 55k people with a median age of 30.8 and a median household income of $49,064. Between 2016 and 2017 the population of Paramount, CA grew from 54,941 to 55,020, a 0.144% increase and its median household income grew from $46,364 to $49,064, a 5.82% increase. Paramount is home to the Iceland Skating Rink opened by Frank Zamboni, the inventor of the Zamboni Ice Resurfacing machine. The company is still headquartered in Paramount at 15714 Colorado Avenue approximately 1.5 miles from the subject property. The property is also located half a mile from the Frank J. Zamboni middle school. The subject property is an excellent opportunity for an investor to purchase the property in a great rental market.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 5,916 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 2,532 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Listing and Financial Details
- Legal Lot and Block 218 / 52
- Tax Tract Number 6251
- Assessor Parcel Number 6237017046
Community Details
Overview
- 3 Buildings
- 8 Units
Building Details
- Gross Income $85,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2019 11/05/19 | Sold | $835,000 | -89.3% | $330 / Sq Ft |
| 08/23/2019 08/23/19 | Pending | -- | -- | -- |
| 08/12/2019 08/12/19 | For Sale | $7,800,000 | -- | $3,081 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,750 | $913,190 | $365,276 | $547,914 |
| 2024 | $12,750 | $895,285 | $358,114 | $537,171 |
| 2023 | $12,527 | $877,732 | $351,093 | $526,639 |
| 2022 | $12,214 | $860,522 | $344,209 | $516,313 |
| 2021 | $15,398 | $1,131,602 | $452,641 | $678,961 |
| 2020 | $15,129 | $1,120,000 | $448,000 | $672,000 |
| 2019 | $10,411 | $670,336 | $402,202 | $268,134 |
| 2018 | $9,755 | $657,193 | $394,316 | $262,877 |
| 2016 | $8,798 | $631,675 | $379,005 | $252,670 |
| 2015 | $8,339 | $622,187 | $373,312 | $248,875 |
| 2014 | $9,641 | $705,457 | $418,049 | $287,408 |
Source: Public Records
Agents Affiliated with this Home
-
Ping Lee
-
Corinna Yang
Buyer's Agent in 2019
Corinna Yang
Corinna Yang Broker
(310) 266-9448
24 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS19192751
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