Michele Steggell
Allianz Capital Group, Inc.
(657) 385-7371
48 Total Sales
1 in Paramount
$875,000 Price
7224 Walnut Ave Paramount, CA 90723
Paramount Area
16
Beds
8
Baths
6,528
Sq Ft
0.36
Acre Lot
Highlights
- Community Stables
- No HOA
- Laundry Facilities
- 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.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 15,743 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,528 Sq Ft Home
- 2-Story Property
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
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
Amenities
- Laundry Facilities
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
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
Jun 18, 2025
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
$1,126,000
Outstanding Balance
$1,044,401
Interest Rate
6.76%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 30, 2023
Closed on
Jul 27, 2023
Sold by
Bought by
Seller's Agent
Justin White
Justin White
Buyer's Agent
Edward Uriarte
COMPASS
List Price
$2,350,000
Sold Price
$2,150,000
Premium/Discount to List
-$200,000
-8.51%
Views
205
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,397,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 3, 2018
Sold by
Bought by
Purchase Details
Closed on
Nov 9, 1994
Sold by
Bought by
Purchase Details
Closed on
Oct 26, 1993
Sold by
Bought by
Purchase Details
Closed on
Jul 30, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Paramount, CA
-
Michele Steggell
-
Raul Padilla
Raul Padilla
The Real Estate Solution
(657) 385-7589
47 Total Sales
2 in Paramount
$590,000 Price Range
-
Kim Campbell
Kim Campbell
Coldwell Banker Realty
(951) 420-6436
65 Total Sales
1 in Paramount
$550,000 Price
-
Dinorah Carmenate
Dinorah Carmenate
Properties By Dinorah
(657) 425-0747
53 Total Sales
1 in Paramount
$875,000 Price
-
Bryan Cruz
Bryan Cruz
Realty One Group United
(562) 608-3678
43 Total Sales
1 in Paramount
$650,000 Price
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
2 in Paramount
$865,000 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 | ||
| $2,150,000 | Ticor Title Company | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
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 | $1,126,000 | ||
| Previous Owner | $1,397,000 | ||
| Previous Owner | $240,000 |
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 |
|---|---|---|---|---|
| 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
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 | $28,873 | $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
Seller's Agent in 2023
Justin White
Justin White
(714) 231-2537
38 Total Sales
-
Edward Uriarte
Buyer's Agent in 2023
Edward Uriarte
COMPASS
(310) 463-2270
42 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
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