Corina Preece
EXCELLENCE RE REAL ESTATE
(657) 325-8860
46 Total Sales
1 in Paramount
$395,000 Price
6841 Somerset Blvd Paramount, CA 90723
Paramount Area
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.
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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
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
Listed on
Aug 12, 2019
Closed on
Oct 29, 2019
Sold by
Huang Dennis
Bought by
Seller's Agent
Ping Lee
Calidad Realty
Buyer's Agent
Corinna Yang
Corinna Yang Broker
List Price
$7,800,000
Sold Price
$835,000
Premium/Discount to List
-$6,965,000
-89.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Outstanding Balance
$409,628
Interest Rate
3.7%
Purchase Details
Listed on
Aug 12, 2019
Closed on
Oct 25, 2019
Sold by
Hsu Yue Hank and Hsu Chang Hua Liu
Bought by
Chou Catherine
Seller's Agent
Ping Lee
Calidad Realty
Buyer's Agent
Corinna Yang
Corinna Yang Broker
List Price
$7,800,000
Sold Price
$835,000
Premium/Discount to List
-$6,965,000
-89.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Outstanding Balance
$409,628
Interest Rate
3.7%
Purchase Details
Closed on
Feb 5, 2014
Sold by
Casillas Arthur C
Bought by
The 2012 Cy Hsu Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,000
Interest Rate
4.49%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 28, 2010
Sold by
Casillas Arthur and Casillas Rebecca
Bought by
Trans Freight Liner Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.47%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 4, 2003
Sold by
Rincon Manuel and Rincon Teresa
Bought by
Casillas Art C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 26, 2002
Sold by
Rincon Manuel and Rincon Teresa
Bought by
Rincon Manuel
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Paramount, CA
-
Corina Preece
-
Mario Mariscal
Mario Mariscal
Better Homes and Gardens RE
(562) 471-4695
105 Total Sales
4 in Paramount
$113K - $930K Price Range
-
Roddy de la Garza
Roddy de la Garza
Epique Realty
(323) 615-1579
120 Total Sales
1 in Paramount
$505,000 Price
-
Gonzalo Gomez
Gonzalo Gomez
EXCELLENCE RE REAL ESTATE
(562) 414-5730
40 Total Sales
1 in Paramount
$630,000 Price
-
Alan Cirson
Alan Cirson
The Cirson Team
(949) 569-5527
65 Total Sales
1 in Paramount
$566,000 Price
-
Lynsey Russell
Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
123 Total Sales
3 in Paramount
$475K - $550K Price Range
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 |
|---|---|---|---|
| -- | Old Republic Title Company | ||
| Chou Catherine | $835,000 | Old Republic Title Company | |
| The 2012 Cy Hsu Family Trust | $610,000 | North American Title Company | |
| Trans Freight Liner Trust | -- | None Available | |
| Casillas Art C | $390,000 | Ticor Title Company | |
| Rincon Manuel | -- | -- |
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 | $475,000 | ||
| Previous Owner | The 2012 Cy Hsu Family Trust | $366,000 | |
| Previous Owner | Trans Freight Liner Trust | $300,000 | |
| Previous Owner | Casillas Art C | $268,000 |
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 2026 | $13,249 | $931,453 | $372,581 | $558,872 |
| 2025 | $13,249 | $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
Seller's Agent in 2019
Ping Lee
Calidad Realty
(562) 900-5199
8 Total Sales
-
Corinna Yang
Buyer's Agent in 2019
Corinna Yang
Corinna Yang Broker
(310) 266-9448
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS19192751
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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