NOT LISTED FOR SALE

7317 Richfield St Paramount, CA 90723

10 Beds
5 Baths
4,620 Sq Ft
0.42 Acres Lot

Sale Details

Date 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

  • 18,402 Sq Ft 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

0.42 Acres

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $22,634 $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)
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