NOT LISTED FOR SALE

7248 Exeter St Paramount, CA 90723

10 Beds
10 Baths
8,040 Sq Ft
18,069 Sq Ft

Last Sold July 26, 2022

Last sale price $2,350,000 $292 Per Sq Ft

9 Days on Market

Highlights

  • Primary Bedroom Suite
  • Property is near park
  • Granite Countertops
  • 0.41 Acre Lot
  • Modern Architecture
  • 5-minute walk to Steam Engine Park

About This Home

As of July 2022

8-Unit Apartment Building. All units 2-story townhouse style. 2 Bed, 1 1/2 Baths each with separate gas, and electricity meters. Below market rents. Tremendous upside potential. Purchase a cash flowing asset with potential for market rents.
Large 18,000+ sq. ft. Lot. Copper plumbing. Recent renovation of (4) out of the eight Units includes completely new Kitchens with Granite countertops, new flooring, Freshly Painted and much more. Long-term Tenants. Parking for 2 cars per unit, 1 covered space, 1 open space. On-site laundry room.
Centrally located to Schools, Post office, Public transportation. Near Salud Park & Steam Engine park. Easy access to 91, 105 & 710 Frwys.
DO NOT Go on Property. DO NOT Disturb Tenants.

Last Agent to Sell the Property

Mary Kasenberg

Coldwell Banker Realty License #00523581 Listed on: 05/04/2022

Coldwell Banker Realty

Last Buyer's Agent

Mary Kasenberg

Coldwell Banker Realty License #00523581 Listed on: 05/04/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.41 Acre Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Rectangular Lot
  • Level Lot

Home Design

  • Modern Architecture
  • Property Attached
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Stucco

Interior Spaces

  • 8,040 Sq Ft Home
  • Blinds
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range
  • Granite Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 16 Parking Spaces
  • 8 Carport Spaces
  • Parking Available
  • Assigned Parking

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park
  • Urban Location

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Central Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 38900
  • Assessor Parcel Number 6241023049

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $2,463
  • Maintenance Expense $3,600
  • Trash Expense $2,000
  • Water Sewer Expense $3,000
  • Operating Expense $12,563
  • Gross Income $153,000
  • Net Operating Income $114,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0.41 Acres

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3000.00
  • Zoning: PARM*
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 6241023049
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Granite Counters, Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 292.29
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Master Suite
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition, Fair Condition
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater Central
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Park Nearby, Utilities - Overhead
  • Lot Size Sq Ft: 18069.00
  • Lot Size Acres: 0.4148

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 153000.00
  • Gross Multiplier: 15.00
  • Gross Operating Income: 152000.00
  • Gross Scheduled Income: 153540.00
  • Insurance Expense: 2463.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 600.00
  • Lot Size Area: 18069.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 114000.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Disposal: 8
  • Number With Patio: 8
  • Number With Range: 8
  • Operating Expense: 38000.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 12795.00
  • Total Expenses: 12563.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • Tax Census Tract: 5536.01
  • Tax Lot: 1
  • Tax Tract Number: 38900
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2022 07/26/22 Sold $2,350,000 0.0% $292 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $2,350,000 -- $292 / 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 $32,087 $2,444,940 $1,924,740 $520,200
2024 $32,087 $2,397,000 $1,887,000 $510,000
2023 $31,504 $2,350,000 $1,850,000 $500,000
2022 $11,460 $702,849 $146,244 $556,605
2021 $11,188 $689,069 $143,377 $545,692
2019 $11,402 $668,632 $139,125 $529,507
2018 $10,466 $655,523 $136,398 $519,125
2016 $9,410 $630,070 $131,102 $498,968
2015 $8,944 $620,607 $129,133 $491,474
2014 $9,158 $608,451 $126,604 $481,847
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22087404

California Regional Multiple Listing Service (CRMLS)
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