NOT LISTED FOR SALE

7016 San Marcus St Paramount, CA 90723

Estimated Value: $798,000 - $817,000

5 Beds
2 Baths
1,911 Sq Ft
$422/Sq Ft Est. Value

Last Sold September 30, 2024

Last sale price $780,000 $408 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,557/month

11 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • 2 Car Garage
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Rectangular Lot

About This Home

As of September 2024

Welcome to this delightful duplex located in the Northwest region of the city of Paramount. Whether you’re an astute investor seeking rental income or a homeowner looking for a multifamily property, this duplex offers great potential. The front unit (7016) boasts 2 bedrooms, 1 bath, updated floors, and a bathroom adorned with tile. Meanwhile, the rear unit (7018) features 3 bedrooms and 1 bath. Each unit enjoys the convenience of an attached one car garage and separate utilities. Sold in its current state, this duplex invites customization and enhancement. This property is conveniently situated near the 710 and 105 freeways, making your daily commute effortless. Explore a variety of dining options just minutes away. It is also within walking distance to nearby schools, providing convenience for families with children. Enjoy outdoor activities at nearby parks, perfect for picnics, and walks. Whether you’re an investor or a homeowner, this Paramount duplex offers both comfort and convenience. Don’t miss out!

Last Agent to Sell the Property

Vincent Sinohui

Square Realty Brokerage Phone: 562-896-7599 License #01071513 Listed on: 06/20/2024

Co-Listed By

Gary Chi

Square Realty Brokerage Phone: 562-896-7599 License #01918940

Last Buyer's Agent

Jose Rosales

Century 21 Allstars License #01971186

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,138 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Rectangular Lot

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,911 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 383 / 47
  • Tax Tract Number 6251
  • Assessor Parcel Number 6237002024
  • $742 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • New Taxes Expense $9,000
  • Operating Expense $11,400
  • Gross Income $60,420
  • Net Operating Income $49,020

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: PAR2*
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6237002024
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 408.16
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6138.00
  • Lot Size Acres: 0.1409
  • Latitude Manual: 33.89784300

Multi Family

  • Gross Income: 60420.00
  • Gross Operating Income: 60420.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6138.0000 Square Feet
  • Net Operating Income: 49020.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11400.00
  • Operating Expense Percent: 18.90
  • Rent Control: No
  • Total Expenses: 11400.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Block: 47
  • Tax Census Tract: 5537.01
  • Tax Lot: 383
  • Tax Tract Number: 6251
  • TaxOtherAnnualAssessmentAmount: 742.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2010
Sold by
Vasquez Jesus Modesto and Vasquez Jesus M
Bought by
Vasquez Jesus M and The Jesus M Vasquez Living Tru
Current Estimated Value
$848,038
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vasquez Jesus M -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2024 09/30/24 Sold $780,000 +8.3% $408 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
06/20/2024 06/20/24 For Sale $720,000 -- $377 / Sq Ft
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 $1,464 $780,000 $600,000 $180,000
2024 $1,464 $59,062 $19,195 $39,867
2023 $1,443 $57,905 $18,819 $39,086
2022 $1,411 $56,770 $18,450 $38,320
2021 $1,375 $55,658 $18,089 $37,569
2020 $1,354 $55,088 $17,904 $37,184
2019 $1,383 $54,008 $17,553 $36,455
2018 $1,256 $52,950 $17,209 $35,741
2016 $1,141 $50,896 $16,542 $34,354
2015 $1,099 $50,132 $16,294 $33,838
2014 $1,123 $49,151 $15,975 $33,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24125382

California Regional Multiple Listing Service (CRMLS)

APN: 6237-002-024