NOT LISTED FOR SALE

8023 Golden Ave Paramount, CA 90723

Hollydale Neighborhood

Estimated Value: $773,000 - $863,000

4 Beds
2 Baths
1,585 Sq Ft
$525/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $720,000 $454 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,137/month

18 Days on Market

Highlights

  • 2 Car Garage
  • 1-Story Property
  • 3-minute walk to All American Park

About This Home

As of October 2023

Two Stand-Alone Houses on 6,240-SF Lot | Highly Desirable South Gate Location | No Local Rent Control - Defaults to AB 1482 | Unit Mix of (Two) 2-Bedroom/1-Bathroom Units | Private Front Yards for Each Unit | Residential Asset - Perfect Owner-User OpportunityTwo Garages | Tremendous Value-Add Opportunity - Approximately 64% in Rental Upside | 6.45% Pro-Forma Cap Rate & 11.05 Pro-Forma GRM | Qualifies for Residential Financing

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 07/24/2023

Co-Listed By

Daniel Hirth

Keller Williams Beverly Hills License #01515796

Last Buyer's Agent

Jesus Ontiveros Jr

VIP RE Firm License #01900139

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 6,240 Sq Ft Lot
  • Property is zoned SGC3*

Parking

  • 2 Car Garage

Interior Spaces

  • 1,585 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6264-006-010

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1585
  • Lot Acreage: 0.1433
  • Price Per Unit: 325000.00
  • Stories: 1
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 410.09

Exterior Features

  • Other Structures: Other
  • Construction: Frame and Stucco
  • Paved: Yes

Garage/Parking

  • Garage Spaces: 2
  • Garage Structures: 2
  • Parking Garage: Garage
  • Total Parking: 2

Utilities

  • Number Electric Meters: 2
  • Number Gas Meters: 2

Lot Info

  • Assessed Improvement Percent: 42.86
  • Assessed Improvement Value: 284058
  • Assessed Land Percent: 57.14
  • Assessed Land Value: 378748
  • Total Assessed Value: 662806
  • Assessor Parcel Number: 6264-006-010
  • Lot Size Area: 6240

Rental Info

  • Total Actual Rent: 35760.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.18
  • Number Of Units: 2
  • Type Of Units: 2+1
  • Vacancy Allow: 1430
  • Vacancy Allow Percent: 4.00

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 8125.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Aug 18, 2023
Sold by
Oakmast Llc
Bought by
Vasquez Jose F Sanchez and De Sanchez Elva
Seller's Agent
Jonathan Nikfarjam
Shield CRE, Inc.
Buyer's Agent
Jesus Ontiveros Jr
VIP RE Firm
List Price
$650,000
Sold Price
$720,000
Premium/Discount to List
$70,000
10.77%
Views
192
Current Estimated Value
$832,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,639
Avg. Annual Appreciation
6.67%
Original Mortgage
$576,000
Outstanding Balance
$563,544
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$269,095

Purchase Details

Closed on
Aug 15, 2006
Sold by
Hill Frederick G and Hill Frances A
Bought by
Oakmast Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2006
Sold by
Autore Rosana J
Bought by
Autore Umberto and Autore Rosana Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2005
Sold by
Hill Frances A
Bought by
Hill Frederick G and Hill Frances A

Purchase Details

Closed on
Jan 26, 1998
Sold by
Maletta Crucey P and Authore Rosana J
Bought by
Autore Rosana J and Perrone Marie A
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
Vasquez Jose F Sanchez $720,000 Lawyers Title Company
Oakmast Llc $1,500,000 Fidelity National Title Co
Autore Umberto -- None Available
Perrone John S -- None Available
Hill Frederick G -- --
Autore Rosana J -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vasquez Jose F Sanchez $576,000
Previous Owner Oakmast Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2023 10/02/23 Sold $720,000 +10.8% $454 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $650,000 -- $410 / 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 $9,456 $734,400 $612,000 $122,400
2024 $9,456 $720,000 $600,000 $120,000
2023 $8,920 $676,061 $386,322 $289,739
2022 $8,682 $662,806 $378,748 $284,058
2021 $8,485 $649,811 $371,322 $278,489
2020 $8,295 $643,149 $367,515 $275,634
2019 $8,709 $630,539 $360,309 $270,230
2018 $8,092 $618,177 $353,245 $264,932
2016 $7,260 $594,175 $339,529 $254,646
2015 $6,836 $585,250 $334,429 $250,821
2014 $7,010 $573,786 $327,878 $245,908
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Nikfarjam

    Seller's Agent in 2023

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    2 in this area

    79 Total Sales

    Jonathan Nikfarjam
    Section Image
  • Daniel Hirth

    Seller Co-Listing Agent in 2023

    Daniel Hirth

    Keller Williams Beverly Hills

    (310) 482-2200

    2 in this area

    6 Total Sales

    Daniel Hirth
    Section Image
  • Jesus Ontiveros Jr

    Buyer's Agent in 2023

    Jesus Ontiveros Jr

    VIP RE Firm

    (562) 450-9148

    1 in this area

    2 Total Sales

    Jesus Ontiveros Jr
    Section Image
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Map

Source: The MLS

MLS Number: 23-293693

The MLS

APN: 6264-006-010

California Los Angeles County Paramount 90280 Hollydale

8023 Golden Ave, Paramount, CA

Not Listed for Sale

Detached

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