NOT LISTED FOR SALE

8018 Jefferson St Paramount, CA 90723

Paramount Area
-- Bed
-- Bath
6,143 Sq Ft
0.52 Acre Lot

Sale Details

Date Sold: October 30, 2012

Last sale price $959,222 $156 Per Sq Ft

272 Days on Market

Highlights

  • 0.52 Acre Lot
  • Carpet
  • Heating System Uses Natural Gas
  • Bungalow

About This Home

As of October 2012

7 units on a half acre lot in the City of Paramount. Excellent income opportunity. Most units have been remodeled within the last year. All units are two bedroom with laundry facilities in each unit and each unit has a garage. Large fenced in play area for kids. Each unit has its own fenced in backyard as well.

Last Agent to Sell the Property

Dave Smith

REMAX Professionals License #01353125 Listed on: 01/03/2012

Last Buyer's Agent

Melissa Moy Chhour

Skyline Properties License #00999382

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.52

Parking

  • 1 Car Garage

Home Design

  • 6,143 Sq Ft Home
  • Bungalow
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Sewer Paid

Additional Features

  • Gas Dryer Hookup
  • 22,516 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 0.5 / 31
  • Assessor Parcel Number 6270016021

Community Details

Overview

  • 8 Buildings
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $200
  • Insurance Expense $2,400
  • Trash Expense $300
  • Water Sewer Expense $420
  • New Taxes Expense $13,750
  • Gross Income $8,700
  • Net Operating Income $77,927

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.52 Acres

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 7.83
  • View: No
  • Water Sewer Expenses: 420.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 200.00
  • Parcel Number: 6270016021
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Flooring: Laminate, Carpet
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 156.15

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Disposal, Range, Refrigerator
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 22516.00
  • Lot Size Acres: 0.5170

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 8700.00
  • Gross Multiplier: 9.53
  • Gross Scheduled Income: 104400.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 22516.0000 Square Feet
  • Net Operating Income: 77927.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 7
  • Number With Refrigerator: 7
  • Operating Expense: 26473.00

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Area: 7273
  • Tax Block: 31
  • Tax Lot: 0.5

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

Closed on
Aug 15, 2017
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
$890,000
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 2015
Sold by
Bought by

Purchase Details

Listed on
Jan 3, 2012
Closed on
Oct 23, 2012
Sold by
Bought by
Seller's Agent
Dave Smith
REMAX Professionals
Buyer's Agent
Melissa Moy Chhour
Skyline Properties
List Price
$1,100,000
Sold Price
$959,222
Premium/Discount to List
-$140,778
-12.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$719,417
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 2005
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
$250,000
Interest Rate
5.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2005
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
$250,000
Interest Rate
5.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 4, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 30, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 2, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 28, 2003
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 9, 1993
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Paramount, CA

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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
-- Fidelity National Title
-- None Available
-- Lawyers Title
$959,500 Lawyers Title
-- None Available
-- None Available
-- Old Republic Title Company
$1,195,000 Old Republic Title Company
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
-- --
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 $980,000
Closed $890,000
Previous Owner $719,417
Previous Owner $250,000
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
10/30/2012 10/30/12 Sold $959,222 -12.8% $156 / Sq Ft
10/01/2012 10/01/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $1,100,000 -- $179 / 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 $17,084 $1,181,540 $708,063 $473,477
2024 $16,324 $1,158,374 $694,180 $464,194
2023 $16,043 $1,135,662 $680,569 $455,093
2022 $15,645 $1,113,395 $667,225 $446,170
2021 $15,289 $1,091,565 $654,143 $437,422
2020 $14,966 $1,080,373 $647,436 $432,937
2019 $15,663 $1,059,191 $634,742 $424,449
2018 $14,464 $1,038,424 $622,297 $416,127
2016 $12,972 $998,103 $598,134 $399,969
2015 $12,262 $983,112 $589,150 $393,962
2014 $12,589 $963,855 $577,610 $386,245
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1200035

California Regional Multiple Listing Service (CRMLS)
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