NOT LISTED FOR SALE

8018 1st St Paramount, CA 90723

Estimated Value: $896,000 - $987,000

4 Beds
2 Baths
1,904 Sq Ft
$492/Sq Ft Est. Value

Last Sold December 19, 2023

Last sale price $818,000 $430 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,789/month

40 Days on Market

Highlights

  • Private Yard
  • 3 Car Garage
  • 1-Story Property
  • Laundry Room

About This Home

As of December 2023

Introducing 1st Street's duplex in Paramount city, a prime investment prospect with two distinct units, each offering 2 bedrooms and 1 bathroom.
Front unit has a 1 car garage with laundry hook ups, While back unit has 2 single car garages also with laundry hook ups. Consider living in one while leasing the other, front unit can be occupied by the new owner. This property boasts ample driveway parking and three garage spaces. Each unit enjoys its private outdoor area. With separate gas and electric meters, this low-maintenance property is an attractive option for investors or owner occupied buyers. Don't miss the chance to explore this property in person at 8018 1st Street in Paramount.

Last Agent to Sell the Property

Dusty Mulhearn

Real Broker License #01909037 Listed on: 08/09/2023

Real Broker

Last Buyer's Agent

Evan Garcia

EXCELLENCE RE REAL ESTATE License #01718402

EXCELLENCE RE REAL ESTATE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 6,844 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,904 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 105
  • Tax Tract Number 579
  • Assessor Parcel Number 6241013005
  • $780 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $695
  • Maintenance Expense $2,000
  • Other Expense $1,055
  • Operating Expense $3,751
  • Gross Income $42,000
  • Net Operating Income $38,249

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Zoning: PARM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6241013005
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 429.62

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

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, Front Yard, Yard
  • Lot Size Sq Ft: 6844.00
  • Lot Size Acres: 0.1571

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 42000.00
  • Gross Operating Income: 42000.00
  • Gross Scheduled Income: 3500.00
  • Insurance Expense: 695.15
  • Lot Size Area: 6844.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 38248.66
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3751.34
  • Other Expense: 1055.00
  • Other Expense Description: WaterTra
  • Rent Control: No
  • Total Actual Rent: 3500.00
  • Total Expenses: 3751.34

Tax Info

  • Tax Census Tract: 5535.02
  • Tax Lot: 105
  • Tax Tract Number: 579
  • TaxOtherAnnualAssessmentAmount: 780.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2018
Sold by
You Hongkum
Bought by
Bright Sunny Home Llc
Current Estimated Value
$937,439

Purchase Details

Closed on
Aug 30, 2017
Sold by
You Hongkun and You Xiaohui
Bought by
You Hongkun

Purchase Details

Listed on
Oct 4, 2012
Closed on
May 10, 2013
Sold by
You Xiaohui and You Honghun
Bought by
Sunny House Llc
Seller's Agent
MARVIN RINGLING
PLATINUM REALTY & MORTGAGE
Buyer's Agent
MARVIN RINGLING
PLATINUM REALTY & MORTGAGE
List Price
$270,000
Sold Price
$273,000
Premium/Discount to List
$3,000
1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.18%

Purchase Details

Listed on
Oct 4, 2012
Closed on
Mar 14, 2013
Sold by
Carrillo Ignacio
Bought by
You Xiaohui and You Hongkun
Seller's Agent
MARVIN RINGLING
PLATINUM REALTY & MORTGAGE
Buyer's Agent
MARVIN RINGLING
PLATINUM REALTY & MORTGAGE
List Price
$270,000
Sold Price
$273,000
Premium/Discount to List
$3,000
1.11%

Purchase Details

Closed on
Sep 22, 2006
Sold by
Carrillo Maria
Bought by
Carrillo Ignacio

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
Peterson Ana
Bought by
Carrillo Ignacio

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 6, 2003
Sold by
Peterson Ana and Allensworth Ana
Bought by
Peterson Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1999
Sold by
Allensworth Ana
Bought by
Allensworth Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,790
Interest Rate
8.55%
Mortgage Type
Assumption

Purchase Details

Closed on
Nov 17, 1993
Sold by
Allensworth Luther E and Allensworth Iona D
Bought by
Allensworth Ana

Purchase Details

Closed on
Jun 28, 1993
Sold by
Allensworth Luther E
Bought by
Allensworth Ana
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
Bright Sunny Home Llc -- None Available
You Hongkun -- None Available
You Hongkun -- None Available
Sunny House Llc -- None Available
You Xiaohui $273,000 Usa National Title
Carrillo Ignacio -- Commonwealth Land Title Co
Carrillo Ignacio $520,000 Commonwealth Land Title Co
Peterson Ana -- Orange Coast Title
Peterson Ana -- Orange Coast Title
Allensworth Ana -- American Title
Allensworth Ana -- --
Allensworth Ana -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carrillo Ignacio $104,000
Previous Owner Carrillo Ignacio $416,000
Previous Owner Peterson Ana $199,000
Previous Owner Allensworth Ana $111,790
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/19/2023 12/19/23 Sold $818,000 +5.0% $430 / Sq Ft
09/26/2023 09/26/23 For Sale $779,000 -4.8% $409 / Sq Ft
09/24/2023 09/24/23 Off Market $818,000 -- --
09/18/2023 09/18/23 Pending -- -- --
08/21/2023 08/21/23 For Sale $779,000 -4.8% $409 / Sq Ft
08/19/2023 08/19/23 Off Market $818,000 -- --
08/09/2023 08/09/23 For Sale $779,000 +185.3% $409 / Sq Ft
04/15/2013 04/15/13 Sold $273,000 +1.1% $143 / Sq Ft View Prior Sale
12/01/2012 12/01/12 Pending -- -- --
10/04/2012 10/04/12 For Sale $270,000 -- $142 / 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 $10,700 $834,360 $714,000 $120,360
2024 $10,700 $818,000 $700,000 $118,000
2023 $4,705 $323,116 $194,107 $129,009
2022 $4,584 $316,781 $190,301 $126,480
2021 $4,478 $310,570 $186,570 $124,000
2020 $4,384 $307,386 $184,657 $122,729
2019 $4,579 $301,360 $181,037 $120,323
2018 $4,208 $295,452 $177,488 $117,964
2016 $3,783 $283,981 $170,597 $113,384
2015 $3,578 $279,716 $168,035 $111,681
2014 $3,667 $274,238 $164,744 $109,494
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23148211

California Regional Multiple Listing Service (CRMLS)

APN: 6241-013-005