Seller's Agent in 2023
Justin White
Justin White
(714) 231-2537
1 in this area
44 Total Sales
7224 Walnut Ave Paramount, CA 90723
16
Beds
8
Baths
6,528
Sq Ft
0.36
Acres
Highlights
- Community Stables
- No HOA
- Laundry Room
- 0.36 Acre Lot
- Cul-De-Sac
About This Home
As of August 20237224 Walnut Ave consists of eight large 2 bed + 1 bath units at the end of a quiet cul-de-sac in a single family residential neighborhood. The buildings were constructed in 1965 and boast a large 15,742 sq ft lot. There are washer and dryer hookups inside of each unit and select units have balconies or fenced yards. The property backs up to an equestrian center. There is approximately 50% upside in rental income and no city-specific rent control ordinance.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 0.36 Acre Lot
- Two or More Common Walls
- Cul-De-Sac
Home Design
- Split Level Home
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,528 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Location
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 6236016011
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
Recreation
- Community Stables
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Gardener Expense $1,615
- Insurance Expense $4,500
- Maintenance Expense $5,600
- Professional Management Expense $8,395
- Trash Expense $3,241
- Water Sewer Expense $1,100
- New Taxes Expense $29,375
- Operating Expense $58,226
- Gross Income $139,920
- Net Operating Income $74,698
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2023 08/18/23 | Sold | $2,150,000 | -8.5% | $329 / Sq Ft |
| 05/30/2023 05/30/23 | For Sale | $2,350,000 | -- | $360 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $11,422 | $2,193,000 | $1,122,000 | $1,071,000 |
| 2024 | $11,422 | $788,803 | $315,517 | $473,286 |
| 2023 | $11,225 | $773,337 | $309,331 | $464,006 |
| 2022 | $10,944 | $758,174 | $303,266 | $454,908 |
| 2021 | $10,678 | $743,309 | $297,320 | $445,989 |
| 2019 | $10,935 | $721,263 | $288,502 | $432,761 |
| 2018 | $10,156 | $707,122 | $282,846 | $424,276 |
| 2016 | $9,077 | $679,664 | $271,863 | $407,801 |
| 2015 | $8,588 | $669,456 | $267,780 | $401,676 |
| 2014 | $8,827 | $656,343 | $262,535 | $393,808 |
Source: Public Records
Agents Affiliated with this Home
-
Justin White
-
Edward Uriarte
Buyer's Agent in 2023
Edward Uriarte
COMPASS
(310) 463-2270
1 in this area
44 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23094650
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
Nearby Homes
- 12122 Utah Ave
- 13636 Garfield Ave
- 0 Nevada Ave
- 6019 Florence Ave
- 5300 Cortland St Unit 27
- 13944 Brightwell Ave
- 13919 Arthur Ave Unit 22
- 12323 Edgebrook Ave
- 6100 Mckinley Ave
- 7913 Howe St
- 3 Rosecrans Ave
- 11363 Virginia Ave
- 11118 Duncan Ave
- 13000 Paramount Blvd
- 13108 Brock Ave
- 12617 S Halo Dr
- 13438 Obispo Ave
- 8041 Puritan St
- 13942 Anderson St
- 5950 Imperial Hwy Unit 2
- 13541 Parker Place
- 7231 Lugo Ave
- 13534 Parker Place
- 7225 Lugo Ave
- 7237 Lugo Ave
- 13535 Parker Place
- 7220 Lugo Ave
- 7306 Walnut Ave
- 13528 Parker Place
- 13529 Parker Place
- 7226 Lugo Ave
- 7303 Lugo Ave
- 7303 Walnut Ave
- 13522 Parker Place
- 7312 Walnut Ave
- 13523 Parker Place
- 7232 Lugo Ave
- 7309 Walnut Ave
- 7307 Lugo Ave
- 13516 Parker Place