NOT LISTED FOR SALE

7115 Somerset Blvd Paramount, CA 90723

Paramount Area

Estimated Value: $864,000 - $1,154,000

5 Beds
4 Baths
2,578 Sq Ft
$374/Sq Ft Est. Value

Sale Details

Date Sold: December 9, 2022

Last sale price $850,000 $330 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,173 / mo

65 Days on Market

About This Home

As of December 2022

New Price- Do not miss out on this great investment property. - Estate Administrator is ready to work with all offers. Might carry back some. No court confirmation needed. Separate 2-bedroom 1 bath house plus 3 1 bedroom 1 bath triplex. Plenty of parking, easy maintenance. The rents from the long-time tenants are below market with potential on upgrading to Proforma estimates (not on rent control)
Easy access to mayor freeways 91, 105, 710. Close to beautiful downtown Paramount, Schools, stores and public transportation.
Sold in its present physical condition. (Probate sale)

Last Agent to Sell the Property

Felix Kwan

NEW CENTURY REALTY & INV. License #00990100 Listed on: 07/13/2022

Co-Listed By

TERESA ARIAS

IRES Partners Inc. License #00924029

Last Buyer's Agent

J.P. Crivello

Century 21 Coastal Properties License #02129762

Century 21 Coastal Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 5,539 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2,578 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Listing and Financial Details

  • Legal Lot and Block 468 / 54
  • Tax Tract Number 6251
  • Assessor Parcel Number 6241030031
  • $1,169 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

5,539 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Zoning: PAC3*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6241030031
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 329.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5539.00
  • Lot Size Acres: 0.1272

Multi Family

  • Lot Size Area: 5539.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Block: 54
  • Tax Census Tract: 5537.01
  • Tax Lot: 468
  • Tax Tract Number: 6251
  • TaxOtherAnnualAssessmentAmount: 1169.00

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

Closed on
Jul 10, 2023
Sold by
Bought by
Current Estimated Value
$963,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
0.0678%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2022
Closed on
Nov 7, 2022
Sold by
Bought by
Seller's Agent
Felix Kwan
NEW CENTURY REALTY & INV.
Buyer's Agent
J.P. Crivello
Century 21 Coastal Properties
List Price
$1,000,000
Sold Price
$850,000
Premium/Discount to List
-$150,000
-15%
Views
72

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.55%
Original Mortgage
$640,000
Interest Rate
0.0708%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 19, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
0.0631%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,000
Interest Rate
0.0755%
Mortgage Type
New Conventional
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

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
-- Priority Title
$800,000 Chicago Title Company
-- Commonwealth Land Title Co
-- United Independent Title
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
Previous Owner $675,000
Previous Owner $640,000
Previous Owner $285,000
Previous Owner $223,000
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
12/09/2022 12/09/22 Sold $850,000 -14.8% $330 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
08/08/2022 08/08/22 Price Changed $998,000 -0.2% $387 / Sq Ft
07/13/2022 07/13/22 For Sale $1,000,000 -- $388 / 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
2025 $11,643 $841,500 $453,900 $387,600
2024 $11,215 $825,000 $445,000 $380,000
2023 $10,903 $800,000 $425,000 $375,000
2022 $4,098 $248,362 $107,357 $141,005
2021 $4,001 $243,493 $105,252 $138,241
2020 $3,927 $240,997 $104,173 $136,824
2019 $4,066 $236,273 $102,131 $134,142
2018 $5,092 $231,641 $100,129 $131,512
2016 $4,662 $222,648 $96,242 $126,406
2015 $4,453 $219,305 $94,797 $124,508
2014 $4,485 $215,011 $92,941 $122,070
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2022

    Felix Kwan

    NEW CENTURY REALTY & INV.

    Section Image
  • TERESA ARIAS

    Seller Co-Listing Agent in 2022

    TERESA ARIAS

    IRES Partners Inc.

    (626) 444-9060

    4 Total Sales

    TERESA ARIAS
    Section Image

  • J

    Buyer's Agent in 2022

    J.P. Crivello

    Century 21 Coastal Properties

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22153818

California Regional Multiple Listing Service (CRMLS)

APN: 6241-030-031

California Los Angeles County Paramount 90723

7115 Somerset Blvd, Paramount, CA

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.

California Regional Multiple Listing Service (CRMLS) 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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