NOT LISTED FOR SALE

7317 Richfield St Paramount, CA 90723

10 Beds
5 Baths
4,620 Sq Ft
0.42 Acres

Last Sold April 29, 2016

Last sale price $1,098,000 $238 Per Sq Ft

21 Days on Market

Highlights

  • 0.42 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of April 2016

5 Separate large units, all tenants are month to month. Location is easy to keep rented. All units are large 2 bed 1 bath units. Analysis is proforma.

Last Agent to Sell the Property

Edwin Huber

Century 21 Masters License #01314032 Listed on: 02/10/2016

Century 21 Masters

Last Buyer's Agent

Joseph Huang

Young M Chang License #01802732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.42 Acre Lot
  • No Common Walls

Parking

  • 14 Parking Spaces

Home Design

  • 4,620 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 11345
  • Assessor Parcel Number 6241020016

Community Details

Overview

  • 5 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,220
  • Insurance Expense $1,500
  • Maintenance Expense $3,000
  • Trash Expense $1,680
  • Water Sewer Expense $1,800
  • Gross Income $7,000
  • Net Operating Income $57,555

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 5.20
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: RARM
  • Property Type: Residential Income
  • Gardener Expense: 2220.00
  • Parcel Number: 6241020016
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 237.66

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Total Parking Spaces: 14.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 1680.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18402.00
  • Price Per Lot Square Foot: 59.67
  • Lot Size Acres: 0.4220

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 924
  • Gross Income: 7000.00
  • Gross Multiplier: 13.07
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 18402.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 57555.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 23925.00
  • Other Income Description: Analysis is Profoma
  • Total Actual Rent: 5770.00

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: 11345

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $1,098,000 0.0% $238 / Sq Ft
03/02/2016 03/02/16 Pending -- -- --
02/10/2016 02/10/16 For Sale $1,098,000 -- $238 / 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 $17,677 $1,650,000 $1,000,000 $650,000
2024 $17,677 $1,274,319 $827,495 $446,824
2023 $17,365 $1,249,333 $811,270 $438,063
2022 $16,925 $1,224,837 $795,363 $429,474
2021 $16,547 $1,200,821 $779,768 $421,053
2020 $16,195 $1,188,509 $771,773 $416,736
2019 $16,958 $1,165,206 $756,641 $408,565
2018 $15,685 $1,142,359 $741,805 $400,554
2016 $7,388 $507,366 $219,097 $288,269
2015 $7,016 $499,745 $215,806 $283,939
2014 -- $99,957 $27,178 $72,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16029024

California Regional Multiple Listing Service (CRMLS)