NOT LISTED FOR SALE

7023 San Vincente St Paramount, CA 90723

Estimated Value: $769,270 - $952,000

5 Beds
3 Baths
1,800 Sq Ft
$473/Sq Ft Est. Value

Last Sold January 18, 2018

Last sale price $560,000 $311 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,151/month

14 Days on Market

Highlights

  • No HOA
  • Living Room
  • Tile Flooring
  • Two Homes on a Lot
  • Laundry Room
  • 5-minute walk to Steam Engine Park

About This Home

As of January 2018

Great Opportunity. Investors delight or perfect for Mullti or Larger Family looking to live together. Two separate units with a yard in between and carports for about 4 cars. The front unit has 3 beds and 2 baths while the back unit has 2 beds and 1 bath. Very Nice Community with Schools and Parks walking distance and freeway entrances to the 710 and 105 are within 1-2 miles.

Last Agent to Sell the Property

ROMEO ROSALES

REALTY MASTERS & ASSOC. INC. License #01945130 Listed on: 11/13/2017

REALTY MASTERS & ASSOC. INC.

Last Buyer's Agent

Enrique Pintado

CENTURY 21 REALTY MASTERS License #01249099

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,044 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Duplex
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Shingle Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Living Room
  • Gas Oven

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Additional Homes

  • Two Homes on a Lot

Listing and Financial Details

  • Tax Lot 302
  • Tax Tract Number 6251
  • Assessor Parcel Number 6237005018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $900
  • Trash Expense $600
  • Water Sewer Expense $1,500
  • New Taxes Expense $4,000
  • Operating Expense $8,800
  • Gross Income $28,000
  • Net Operating Income $10,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Zoning: PAR2*
  • Property Condition: Additions/Alterations, Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6237005018
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 311.11
  • Room Type: All Bedrooms Down, Entry, Kitchen, Living Room

Exterior Features

  • Other Structures: Storage, Two On A Lot
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Oven
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6044.00

Multi Family

  • Average2 Bed Area: 1500 Square Feet
  • Average3 Bed Area: 2200 Square Feet
  • Electric Expense: 1800.00
  • Gross Income: 28000.00
  • Gross Scheduled Income: 28000.00
  • Insurance Expense: 900.00
  • Net Operating Income: 10000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Expenses: 8800.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Census Tract: 5537.01
  • Tax Lot: 302
  • Tax Tract Number: 6251

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2020
Sold by
Velez Alfredo
Bought by
Velez Alfredo and Velez Martha
Current Estimated Value
$850,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,300
Outstanding Balance
$353,186
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$497,382

Purchase Details

Listed on
Nov 13, 2017
Closed on
Dec 27, 2017
Sold by
Velez Martha
Bought by
Velez Alfredo
Seller's Agent
ROMEO ROSALES
REALTY MASTERS & ASSOC. INC.
Buyer's Agent
Enrique Pintado
CENTURY 21 REALTY MASTERS
List Price
$549,888
Sold Price
$560,000
Premium/Discount to List
$10,112
1.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$392,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 13, 2017
Closed on
Dec 1, 2017
Sold by
Garcia Maria
Bought by
Velez Alfredo
Seller's Agent
ROMEO ROSALES
REALTY MASTERS & ASSOC. INC.
Buyer's Agent
Enrique Pintado
CENTURY 21 REALTY MASTERS
List Price
$549,888
Sold Price
$560,000
Premium/Discount to List
$10,112
1.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2006
Sold by
Garcia Maria Luz
Bought by
Garcia Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,500
Interest Rate
7.95%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 31, 1999
Sold by
Hud
Bought by
Garcia Maria Luz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,250
Interest Rate
8.09%

Purchase Details

Closed on
May 16, 1997
Sold by
Mosqueda Jose and Mosqueda Luz
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Jan 21, 1994
Sold by
Murdoch Scott L
Bought by
Mosqueda Jose and Mosqueda Luz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,855
Interest Rate
7.19%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 17, 1993
Sold by
Murdoch Dorothy L
Bought by
Murdoch Scott L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Velez Alfredo -- Chicago Title
Velez Alfredo -- Lawyers Title Ie
Velez Alfredo $560,000 Lawyers Title Ie
Garcia Maria -- Investors Title Company
Garcia Maria Luz $155,000 Provident Title
Norwest Mtg Inc $193,378 First Southwestern Title Co
Hud -- First Southwestern Title Co
Mosqueda Jose $175,000 Old Republic Title
Murdoch Scott L -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velez Alfredo $398,300
Closed Velez Alfredo $392,000
Previous Owner Garcia Maria $383,500
Previous Owner Garcia Maria Luz $147,250
Previous Owner Mosqueda Jose $171,855
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2018 01/18/18 Sold $560,000 +1.8% $311 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
11/13/2017 11/13/17 For Sale $549,888 -- $305 / 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 $8,323 $637,178 $414,166 $223,012
2024 $8,323 $624,686 $406,046 $218,640
2023 $8,170 $612,438 $398,085 $214,353
2022 $7,954 $600,430 $390,280 $210,150
2021 $7,772 $588,658 $382,628 $206,030
2020 $7,599 $582,623 $378,705 $203,918
2019 $7,973 $571,200 $371,280 $199,920
2018 $3,135 $215,321 $94,549 $120,772
2016 $3,387 $206,962 $90,879 $116,083
2015 $3,001 $203,854 $89,514 $114,340
2014 $2,737 $199,862 $87,761 $112,101
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    ROMEO ROSALES

    REALTY MASTERS & ASSOC. INC.

    Section Image
  • Enrique Pintado

    Buyer's Agent in 2018

    Enrique Pintado

    CENTURY 21 REALTY MASTERS

    (323) 722-7300

    1 in this area

    41 Total Sales

    Enrique Pintado
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17257226

California Regional Multiple Listing Service (CRMLS)

APN: 6237-005-018

California Los Angeles County Paramount 90723

7023 San Vincente St, Paramount, CA

Not Listed for Sale

MultiFamily

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