NOT LISTED FOR SALE

8014 1st St Paramount, CA 90723

Estimated Value: $667,000 - $825,000

4 Beds
2 Baths
1,640 Sq Ft
$468/Sq Ft Est. Value

Sale Details

Date Sold: November 28, 2022

Last sale price $710,000 $433 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,967 / mo

9 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • 3 Car Garage

About This Home

As of November 2022

Welcome to 1st street, a duplex in the city of Paramount. This investment opportunity features 2 separate units, each 2 beds 1 bath. Live in one, rent out the other, or keep them both as rentals. This property features plenty of drive way parking, in addition to 3 garage spaces. Both units even have their own separate outdoor space. This property features low maintenance, separate gas and electric meters, which is great to have for an investor. This property is definitely one to check out in person, so come on by to 8014 1st st, in paramount.

Last Agent to Sell the Property

Dusty Mulhearn

Real Broker License #01909037 Listed on: 10/13/2022

Real Broker

Co-Listed By

Bernard Moran

Coldwell Banker Envision License #01318748

Last Buyer's Agent

Peter McKernan

PPF Realty License #01968986

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 3,897 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • 1,640 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Additional Features

  • Laundry in Garage
  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 104
  • Tax Tract Number 579
  • Assessor Parcel Number 6241013004
  • $689 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Water Sewer Expense $650
  • Operating Expense $650
  • Net Operating Income $46,750

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

3,897 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 650.00
  • Zoning: PARM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6241013004
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 432.93
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3897.00
  • Lot Size Acres: 0.0895

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Scheduled Income: 47400.00
  • Lot Size Area: 3897.0000 Square Feet
  • Net Operating Income: 46750.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 650.00
  • Rent Control: No
  • Total Actual Rent: 3950.00
  • Total Expenses: 650.00

Tax Info

  • Tax Census Tract: 5535.02
  • Tax Lot: 104
  • Tax Tract Number: 579
  • TaxOtherAnnualAssessmentAmount: 689.00

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Oct 22, 2022
Sold by
Bought by
Seller's Agent
Dusty Mulhearn
Real Broker
Buyer's Agent
Peter McKernan
PPF Realty
List Price
$675,000
Sold Price
$710,000
Premium/Discount to List
$35,000
5.19%
Views
28
Current Estimated Value
$767,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,768
Avg. Annual Appreciation
2.22%
Original Mortgage
$674,449
Outstanding Balance
$650,665
Interest Rate
7.08%
Mortgage Type
FHA
Estimated Equity
$117,103

Purchase Details

Closed on
Mar 20, 2022
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2017
Closed on
Aug 16, 2017
Sold by
Bought by
Seller's Agent
David Alvarado
Berkshire Hathaway H.S.C.P.
Buyer's Agent
David Alvarado
Berkshire Hathaway H.S.C.P.
List Price
$529,000
Sold Price
$529,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%
Original Mortgage
$519,418
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 9, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,747
Interest Rate
5.04%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 1, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 5, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 22, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.43%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 30, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.43%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 2, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,239
Interest Rate
8.55%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase 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 Buyer Sale Price Title Company
$710,000 Orange Coast Title
-- None Listed On Document
-- New Title Company Name
$529,000 Orange Coast Title Company
-- None Available
$290,000 None Available
$395,000 None Available
$395,000 None Available
-- Commonwealth Land Title Co
$520,000 Commonwealth Land Title Co
-- Orange Coast Title
-- American Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $674,449
Previous Owner $500,500
Previous Owner $519,418
Previous Owner $284,747
Previous Owner $104,000
Previous Owner $416,000
Previous Owner $190,000
Previous Owner $107,239
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 Prior Sale
11/28/2022 11/28/22 Sold $710,000 +5.2% $433 / Sq Ft
10/13/2022 10/13/22 For Sale $675,000 +27.6% $412 / Sq Ft
08/29/2017 08/29/17 Sold $529,000 0.0% $323 / Sq Ft View Prior Sale
07/06/2017 07/06/17 Pending -- -- --
06/16/2017 06/16/17 For Sale $529,000 -- $323 / 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 $9,930 $738,684 $520,200 $218,484
2024 $9,648 $724,200 $510,000 $214,200
2023 $9,315 $710,000 $500,000 $210,000
2022 $7,695 $567,193 $331,309 $235,884
2021 $7,348 $556,072 $324,813 $231,259
2020 $7,184 $550,371 $321,483 $228,888
2019 $7,537 $539,580 $315,180 $224,400
2018 $7,016 $529,000 $309,000 $220,000
2016 $4,369 $310,023 $135,975 $174,048
2015 $4,156 $305,367 $133,933 $171,434
2014 $4,157 $299,386 $131,310 $168,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22221993

California Regional Multiple Listing Service (CRMLS)

APN: 6241-013-004

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