NOT LISTED FOR SALE

7331 Motz St Paramount, CA 90723

Estimated Value: $1,268,000 - $1,705,315

10 Beds
5 Baths
3,723 Sq Ft
$399/Sq Ft Est. Value

Last Sold April 06, 2018

Last sale price $1,100,000 $295 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $9,177/month

16 Days on Market

Highlights

  • 18,015 Sq Ft lot
  • 5 Car Garage
  • 1-Story Property

About This Home

As of April 2018

PRICED TO TO SELL! 5 UNITS - ALL 2-BED / 1-BATH - ALL SINGLE LEVEL - LAUNDRY HOOKUPS IN MOST UNITS - GARAGE PARKING - UPSIDE IN RENTS!

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 12/21/2017

Remax Commercial and Investment Realty

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.41 Acre Lot

Parking

  • 5 Car Garage

Interior Spaces

  • 3,723 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Community Details

  • 4 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 7102-009-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3723
  • Stories: 1
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 308.89

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 5

Lot Info

  • Assessed Improvement Value: 56377
  • Assessed Land Value: 24050
  • Assessor Parcel Number: 7102-009-030
  • Geocode Override: No
  • Lot Size Area: 18015

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.70
  • Number Of Units: 5
  • Type Of Units: Multi-Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2024
Sold by
Abcd Lam Family Trust and Lam Abraham M
Bought by
Motz Apartments Llc
Current Estimated Value
$1,486,658

Purchase Details

Closed on
Apr 5, 2022
Sold by
Lam Abraham M & Bethany Bi
Bought by
Abcd Lam Family Trust

Purchase Details

Listed on
Dec 21, 2017
Closed on
Apr 3, 2018
Sold by
7331 Motz Street Llc
Bought by
Lam Abraham and Bi Yuxin
Seller's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,325,000
Sold Price
$1,100,000
Premium/Discount to List
-$225,000
-16.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.97%
Original Mortgage
$750,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
May 18, 2017
Sold by
Albers California South Llc
Bought by
7331 Motz Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$835,000
Interest Rate
4.1%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 18, 2010
Sold by
Albers Teo and Albers Greta
Bought by
Albers California South Llc

Purchase Details

Closed on
Oct 7, 1994
Sold by
Albers Teo and Albers Greta L
Bought by
Albers Teo and Albers Greta
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Motz Apartments Llc -- None Listed On Document
Abcd Lam Family Trust -- Williamson & Gentilini Attorne
Lam Abraham M -- Williamson & Gentilini
Lam Abraham $1,100,000 Chicago Title Company
7331 Motz Street Llc -- Chicago Title Co
Albers California South Llc -- None Available
Albers Teo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lam Abraham $750,000
Previous Owner 7331 Motz Street Llc $835,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2018 04/06/18 Sold $1,100,000 -4.3% $295 / Sq Ft
01/06/2018 01/06/18 Pending -- -- --
01/05/2018 01/05/18 Price Changed $1,150,000 -11.4% $309 / Sq Ft
12/26/2017 12/26/17 Price Changed $1,298,000 -2.0% $349 / Sq Ft
12/21/2017 12/21/17 For Sale $1,325,000 -- $356 / Sq Ft
Source: The MLS

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 $16,660 $1,251,607 $876,126 $375,481
2024 $16,660 $1,227,067 $858,948 $368,119
2023 $16,366 $1,203,007 $842,106 $360,901
2022 $15,950 $1,179,420 $825,595 $353,825
2021 $15,598 $1,156,295 $809,407 $346,888
2020 $15,260 $1,144,440 $801,108 $343,332
2019 $16,001 $1,122,000 $785,400 $336,600
2018 $13,515 $994,500 $696,660 $297,840
2016 $2,193 $78,851 $23,579 $55,272
2015 $2,131 $77,667 $23,225 $54,442
2014 $2,190 $76,147 $22,771 $53,376
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Petrosian

    Seller's Agent in 2018

    Nicholas Petrosian

    RE/MAX

    (949) 607-7096

    2 in this area

    50 Total Sales

    Nicholas Petrosian
    Section Image

  • S

    Buyer's Agent in 2018

    Subscriber Non

    Non-Participant Office

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Map

Source: The MLS

MLS Number: 17-297592

The MLS

APN: 7102-009-030

California Los Angeles County Paramount 90723

7331 Motz St, Paramount, CA

Not Listed for Sale

MultiFamily

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