NOT LISTED FOR SALE

7235 Jackson St Paramount, CA 90723

Estimated Value: $722,590 - $1,036,000

6 Beds
3 Baths
4,878 Sq Ft
$176/Sq Ft Est. Value

Last Sold January 31, 2013

Last sale price $325,000 $67 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $4,998/month

26 Days on Market

Highlights

  • Fireplace
  • Carpet
  • No Heating
  • Wood Siding

About This Home

As of January 2013

I am proud to offer a well-maintained duplex located at 7235 Jackson Street. The property is three blocks South of Alondra Boulevard and one block east of Orange Avenue across the street from Leona Jackson School. The property is a single-story, two on a lot duplex consisting of one four-bedroom/two-bathroom unit and a two-bedroom/two-bath front unit. The wood-framed, painted stucco building offers 2,138 rentable square feet and was constructed in 1929. Each unit is separately metered for gas and electricity and offers on-site parking. This is a rare opportunity to acquire a high quality asset in a low density area with close proximity to public education. The strong unit mix, long-term tenants, and 30-year fixed financing provides an investor a stable return and a perfect addition to any investors portfolio.

Last Agent to Sell the Property

Ryan Rayburn

Marcus & Millichap License #01496522 Listed on: 12/01/2012

Last Buyer's Agent

Ryan Rayburn

Marcus & Millichap License #01496522 Listed on: 12/01/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 4,879

Home Design

  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,878 Sq Ft Home
  • Fireplace
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Additional Features

  • Property fronts an alley
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 23
  • Tax Tract Number 9371
  • Assessor Parcel Number 7102006024

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $500
  • Insurance Expense $962
  • Maintenance Expense $2,000
  • Other Expense $1,000
  • Water Sewer Expense $1,724
  • New Taxes Expense $3,656
  • Gross Income $2,138
  • Net Operating Income $23,218

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.14
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 1724.00
  • Property Type: Residential Income
  • Parcel Number: 7102006024
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 66.63

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 2138.00
  • Gross Multiplier: 9.34
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 962.00
  • Maintenance Expense: 2000.00
  • Net Operating Income: 23218.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 9842.00
  • Other Expense: 1000.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3656.00
  • Tax Lot: 23
  • Tax Tract Number: 9371
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2013
Sold by
Almonte Eduardo A
Bought by
Almonte Eduardo A and Carranza Karen D
Current Estimated Value
$860,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Outstanding Balance
$178,602
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$681,546

Purchase Details

Listed on
Dec 1, 2012
Closed on
Mar 12, 2013
Sold by
Rayburn Ryan Cameron
Bought by
Almonte Eduardo A
Seller's Agent
Ryan Rayburn
Marcus & Millichap
Buyer's Agent
Ryan Rayburn
Marcus & Millichap
List Price
$325,000
Sold Price
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%

Purchase Details

Closed on
Oct 20, 2011
Sold by
Camacho Raymond L
Bought by
Camacho Raymund and The Raymund L Camacho Trust

Purchase Details

Closed on
Jun 29, 2011
Sold by
Camacho Jorge R
Bought by
Camacho Jorge R and Jorge R Camacho Trust

Purchase Details

Closed on
May 7, 2009
Sold by
Camcho Jorge R
Bought by
Camacho Jorge R and Jorge R Camacho Trust

Purchase Details

Closed on
May 8, 2008
Sold by
Thomas Beverly Ann
Bought by
Thomas Beverly A and Beverly A Thomas Trust

Purchase Details

Closed on
May 11, 1999
Sold by
Camacho Julia
Bought by
Camacho Julia M and Camacho Jorge R

Purchase Details

Closed on
Dec 3, 1993
Sold by
Camacho Julia
Bought by
Camacho Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.89%
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
Almonte Eduardo A -- Nations Title Company Of Ca
Almonte Eduardo A $350,000 Ticor Title Company
Almonte Eduardo A -- Ticor Title Co
Almonte Eduardo A -- Ticor Title Company
Camacho Raymund -- None Available
Camacho Jorge R -- None Available
Camacho Jorge R -- None Available
Camacho Jorge R -- None Available
Thomas Beverly A -- None Available
Camacho Julia M -- --
Camacho Julia -- Guardian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Almonte Eduardo A $245,000
Previous Owner Camacho Julia $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2013 01/31/13 Sold $325,000 0.0% $67 / Sq Ft
12/27/2012 12/27/12 Pending -- -- --
12/01/2012 12/01/12 For Sale $325,000 -- $67 / 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 $5,895 $430,988 $258,594 $172,394
2024 $5,895 $422,538 $253,524 $169,014
2023 $5,789 $414,253 $248,553 $165,700
2022 $5,638 $406,131 $243,680 $162,451
2021 $5,506 $398,168 $238,902 $159,266
2020 $5,387 $394,086 $236,453 $157,633
2019 $5,638 $386,360 $231,817 $154,543
2018 $5,226 $378,785 $227,272 $151,513
2016 $4,691 $364,079 $218,448 $145,631
2015 $4,429 $358,611 $215,167 $143,444
2014 $4,539 $351,588 $210,953 $140,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P843080

California Regional Multiple Listing Service (CRMLS)

APN: 7102-006-024