$1,800,000
SOLD MAY 17, 2024

7313 Motz St Paramount, CA 90723

2 Beds
1 Bath
5,410 Sq Ft
0.41 Acres

Recently Sold

$333 Per Sq Ft

2 Days on Market

Highlights

  • 0.41 Acre Lot
  • No HOA
  • Laundry Room
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot

About This Home

As of May 2024

This incredible investment opportunity features 6 units- all 2 bedroom, 1 bathroom. Three duplex-style 2-unit structures. Each building includes a 2-car garage (shared between 2 units) and each unit has private indoor washer/dryer hookups. HUGE 17,859 sqft lot perfect for future development. Long-term tenants in all units; rents are under market. Two units have been remodeled. Lots of parking, and front and back units have yards. Tenants pay electricity and gas, with separate meters for each unit. Don't miss this gem!

Last Agent to Sell the Property

Jennifer Rohdenburg

Jennifer Rohdenburg, Broker Brokerage Phone: 949-300-8509 License #01849181

Co-Listed By

Brittany Thomason

Jennifer Rohdenburg, Broker Brokerage Phone: 949-300-8509 License #02094229

Last Buyer's Agent

Martha Neri

Berkshire Hathaway HomeService License #01212625

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.41 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • Lawn

Parking

  • 6 Car Garage

Interior Spaces

  • 5,410 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 49
  • Tax Tract Number 11721
  • Assessor Parcel Number 7102009027
  • $2,459 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Insurance Expense $1,598
  • Professional Management Expense $4,530
  • Trash Expense $3,840
  • Water Sewer Expense $1,650
  • Operating Expense $11,618
  • Gross Income $75,516
  • Net Operating Income $63,898

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Price Per Unit: 300000
  • Professional Management Expense: 4530.00
  • Property Attached: No
  • Water Sewer Expenses: 1650.00
  • Zoning: PAR2*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7102009027
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 332.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 3840.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 17859.00
  • Lot Size Acres: 0.4100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 75516.00
  • Gross Scheduled Income: 75516.00
  • Insurance Expense: 1598.00
  • Lot Size Area: 17859.0000 Square Feet
  • Net Operating Income: 63898.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 11618.00
  • Rent Control: No
  • Total Actual Rent: 75516.00
  • Total Expenses: 11618.00

Tax Info

  • Tax Census Tract: 5538.02
  • Tax Lot: 49
  • Tax Tract Number: 11721
  • TaxOtherAnnualAssessmentAmount: 2459.00

Map

Range of Values:

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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 Change Sq Ft Price
05/17/2024 05/17/24 Sold $1,800,000 0.0% $333 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $1,800,000 -- $333 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24080337

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Paramount 90723

7313 Motz St, Paramount, CA

Homes for Sale in Paramount, CA

This home is located at 7313 Motz St, Paramount, CA 90723 and is currently priced at $1,800,000, approximately $332 per square foot. This property was built in 1964. 7313 Motz St is a home located in Los Angeles County with nearby schools including Wesley Gaines School, Leona Jackson Middle School, and Paramount High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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