Ivan Rodriguez
Action Mobils Homes
(909) 490-3539
81 Total Sales
1 in Paramount
$92,000 Price
7245 Richfield St Paramount, CA 90723
Paramount AreaEstimated Value: $2,913,000 - $3,369,062
2
Beds
1
Bath
8,996
Sq Ft
$349/Sq Ft
Est. Value
About This Home
As of November 2023We are pleased to present 7245 Richfield Street, a 9 unit multi-family property located in Paramount, California. Built in 1987, the subject property consists of 8,996 rentable square feet spread throughout a .41 acre lot. The building consists entirely of condo quality, 2 bedroom 2 bathroom townhome style units. Each unit has washer/dryer hookups, a direct access 2 car garage and a private balcony or patio. There is also a shared laundry room and ample covered and open parking spaces available for tenant convenience.
The property is in a great location, tenants’ benefit from quick access to the 105, 710, and 605 Freeways, which makes a commute to large employment centers such as Downtown Los Angeles, Long Beach, and Orange County, much easier. The city of Paramount is promoting development, creation of business, and local events to create a tight knit- community.
Paramount is a strong rental market which has had an annual rent growth of 4.6%, mainly because of the city’s central location near large employment centers. This is a tight market with zero units delivered within the last 12 months and a vacancy rate of 2.1%. This is an absolutely incredible opportunity to acquire a true pride of ownership multi- family asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 08/25/2023
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 17,764 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 8 Open Parking Spaces
- 10 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 8,996 Sq Ft Home
- 2-Story Property
- Gas And Electric Dryer Hookup
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 4 / A
- Tax Tract Number 11345
- Assessor Parcel Number 6241020012
- $3,185 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 10 Separate Water Meters
- Electric Expense $2,138
- Fuel Expense $2,137
- Insurance Expense $7,647
- Maintenance Expense $6,750
- Other Expense $4,050
- Professional Management Expense $10,491
- Supplies Expense $1,350
- Trash Expense $2,138
- Water Sewer Expense $2,137
- New Taxes Expense $40,625
- Operating Expense $79,463
- Gross Income $211,454
- Net Operating Income $131,991
Additional Features
- 9 Units
- Laundry Facilities
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
Dec 11, 2015
Sold by
Bought by
Current Estimated Value
Purchase Details
Closed on
Jan 13, 2012
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
$500,000
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 24, 2000
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Paramount, CA
-
Ivan Rodriguez
-
Alexander Varga
Alexander Varga
Norm Haley Real Estate
(626) 788-8434
30 Total Sales
1 in Paramount
$420,000 Price
-
Brad Hansen
Brad Hansen
ENRG Realty, Inc
(949) 570-5651
89 Total Sales
2 in Paramount
$400K - $415K Price Range
-
Justin Woo
Justin Woo
Keller Williams AH/YL
(213) 444-2937
15 Total Sales
1 in Paramount
$515,000 Price
-
Barbara Bayles Adams
Barbara Bayles Adams
First Team Real Estate
(657) 300-5361
21 Total Sales
2 in Paramount
$425,000 Price Range
-
Melissa Barlow
Melissa Barlow
Responds QuicklyElite Representation Real Estate
(424) 704-9071
43 Total Sales
1 in Paramount
$748,000 Price
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 |
|---|---|---|---|
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | First American Title Insuran | ||
| -- | First American |
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 | $500,000 |
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 |
|---|---|---|---|---|
| 11/20/2023 11/20/23 | Sold | $3,000,000 | -7.7% | $333 / Sq Ft |
| 11/09/2023 11/09/23 | Pending | -- | -- | -- |
| 08/25/2023 08/25/23 | For Sale | $3,250,000 | -- | $361 / 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 | $40,990 | $3,060,000 | $2,142,000 | $918,000 |
| 2024 | $39,557 | $3,000,000 | $2,100,000 | $900,000 |
| 2023 | $15,809 | $1,039,533 | $115,576 | $923,957 |
| 2022 | $15,424 | $1,019,151 | $113,310 | $905,841 |
| 2021 | $15,057 | $999,169 | $111,089 | $888,080 |
| 2019 | $15,380 | $969,535 | $107,795 | $861,740 |
| 2018 | $14,275 | $950,526 | $105,682 | $844,844 |
| 2016 | $12,822 | $913,618 | $101,579 | $812,039 |
| 2015 | $12,154 | $899,896 | $100,054 | $799,842 |
| 2014 | $12,451 | $882,270 | $98,095 | $784,175 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
Seller's Agent in 2023
Kevin King
Marcus & Millichap
(562) 257-1245
39 Total Sales
-
Ryan Gonzalez
R
Seller Co-Listing Agent in 2023
Ryan Gonzalez
Lyon Stahl Investment Real Est
(562) 879-3206
21 Total Sales
-
G
Buyer's Agent in 2023
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23158243
APN: 6241-020-012
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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