K
Seller's Agent in 2022
Kirk Garabedian
Keller Williams R. E. Services
(818) 298-8810
1 in this area
31 Total Sales
7539 Jefferson St Paramount, CA 90723
Estimated Value: $985,000 - $1,242,000
5
Beds
4
Baths
1,962
Sq Ft
$555/Sq Ft
Est. Value
Highlights
- Private Yard
- Rectangular Lot
- 1-Story Property
- Laundry Room
About This Home
As of March 2022We are pleased to present a home-like fourplex in Paramount, California, which includes a collection of separate structures each with their own parking and yard area, making the property feel more like a collection of private homes rather than an apartment complex. The property is situated on a corner lot with the largest unit, a 2-bedroom 1-bath house, facing Jefferson Street and a small neighborhood street called Fairlock Avenue. The rest of the units are situated on Fairlock Avenue, a tranquil road used primarily by locals.
The Property consists of a 2-Bedroom 1-Bathroom Single Family Residence, which is currently vacant and ready for immediate upside. Additionally, there is a 1-bedroom 1-bathroom stand-alone cottage, plus a duplex which consists of two 1-Bedroom 1-Bath units. The rents from the long-time
tenants are below market, as the property has been under one family ownership for nearly 27 years. Assuming the 2-Bedroom SFR can rent for $1,800 and keeping the other rents unchanged will yield a 3.78% cap rate, and an attractive $230,000 per unit. Proforma estimates can yield cap rates well above 6.0% and a GRMs below 12.5.
Last Agent to Sell the Property
Keller Williams R. E. Services License #01216376 Listed on: 12/02/2021
Last Buyer's Agent
Keller Williams R. E. Services License #01216376 Listed on: 12/02/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 8,994 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
- Level Lot
- Private Yard
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
Interior Spaces
- 1,962 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 14 / B
- Tax Tract Number 11622
- Assessor Parcel Number 6240018033
- $1,236 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $880
- Maintenance Expense $2,400
- Trash Expense $947
- New Taxes Expense $10,400
- Operating Expense $15,223
- Gross Income $50,040
- Net Operating Income $34,817
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2021
Closed on
Mar 1, 2022
Sold by
Gamboa Mayra
Bought by
Garibay Luis A Segura
Seller's Agent
Kirk Garabedian
Keller Williams R. E. Services
Buyer's Agent
Kirk Garabedian
Keller Williams R. E. Services
List Price
$920,000
Sold Price
$935,000
Premium/Discount to List
$15,000
1.63%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,073
Avg. Annual Appreciation
4.14%
Original Mortgage
$649,500
Interest Rate
3.69%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 2, 2021
Closed on
Jan 28, 2022
Sold by
Rosemarie Caires Revocable Trust and Gary Agostino Magliozzi Revocable Living
Bought by
Garibay Luis A Segura and Gamboa Mayra
Seller's Agent
Kirk Garabedian
Keller Williams R. E. Services
Buyer's Agent
Kirk Garabedian
Keller Williams R. E. Services
List Price
$920,000
Sold Price
$935,000
Premium/Discount to List
$15,000
1.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,500
Interest Rate
3.69%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 19, 2019
Sold by
Magliozzi Gary Agostino
Bought by
Magliozzi Gary Agostino
Purchase Details
Closed on
Jul 10, 2017
Sold by
Magliozzi Mario Armando
Bought by
Magliozzi Mario and Mario Magliozzi Family Trust
Purchase Details
Closed on
Jul 8, 2017
Sold by
Caires Rosemarie and James Mario Magliozzi Trust
Bought by
Magliozzi Enzo James and Magliozzi Mario Armando
Purchase Details
Closed on
Mar 8, 2002
Sold by
Magliozzi James M
Bought by
Magliozzi James and James Mario Magliozzi Trust
Purchase Details
Closed on
Aug 8, 1996
Sold by
Caires Rosemarie
Bought by
Caires Rosemarie and Rosemarie Caires Revocable Tru
Purchase Details
Closed on
Jan 18, 1994
Sold by
Magliozzi James M and Magliozzi Yvette J
Bought by
Magliozzi James M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Garibay Luis A Segura | -- | Chicago Title | |
| Gamboa Mayra | -- | Chicago Title | |
| Garibay Luis A Segura | $935,000 | Chicago Title | |
| Magliozzi Gary Agostino | -- | None Available | |
| Magliozzi Mario | -- | None Available | |
| Magliozzi Enzo | -- | None Available | |
| Magliozzi Enzo James | -- | None Available | |
| Magliozzi James | -- | -- | |
| Magliozzi James | -- | -- | |
| Caires Rosemarie | -- | -- | |
| Magliozzi James M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Garibay Luis A Segura | $649,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/25/2022 03/25/22 | Sold | $935,000 | +1.6% | $477 / Sq Ft |
| 01/12/2022 01/12/22 | Pending | -- | -- | -- |
| 12/02/2021 12/02/21 | For Sale | $920,000 | -- | $469 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,078 | $992,228 | $615,500 | $376,728 |
| 2024 | $13,078 | $972,774 | $603,432 | $369,342 |
| 2023 | $12,839 | $953,700 | $591,600 | $362,100 |
| 2022 | $2,275 | $83,336 | $35,777 | $47,559 |
| 2021 | $2,220 | $81,703 | $35,076 | $46,627 |
| 2020 | $2,191 | $80,866 | $34,717 | $46,149 |
| 2019 | $2,232 | $79,282 | $34,037 | $45,245 |
| 2018 | $2,008 | $77,728 | $33,370 | $44,358 |
| 2016 | $1,838 | $74,712 | $32,075 | $42,637 |
| 2015 | $1,774 | $73,591 | $31,594 | $41,997 |
| 2014 | $1,814 | $72,151 | $30,976 | $41,175 |
Source: Public Records
Agents Affiliated with this Home
-
Kirk Garabedian
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD21258179
APN: 6240-018-033
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.
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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