$995,000
SOLD OCT 8, 2024

8037 Mckinley Ave Paramount, CA 90723

5 Beds
3 Baths
2,506 Sq Ft
7,185 Sq Ft Lot

Recently Sold

$397 Per Sq Ft

5% Above List Price

6 Days on Market

Highlights

  • Property is near a park
  • Double Pane Windows
  • Cooling System Mounted To A Wall/Window
  • Separate Outdoor Workshop
  • Crown Molding
  • 4-minute walk to All American Park

About This Home

As of October 2024

Great opportunity on this spacious duplex to live in one and rent out the other! Front house has 4 bedrooms and 2 bathrooms about 2,000 sq/ft. The back unit is 1 bedroom and 1 bathroom about 500 sq/ft. The front 4 bedroom house has beautiful craftsmanship with hard wood floors crown moulding, front bay window, remodeled kitchen and bathrooms, spacious kitchen, ceiling fans, new dual pane windows and also the option of a 5th bedroom, family room or office space. Whether you live in one and rent out the other, both units have great flexibility. The 1 bedroom back unit has laminate flooring, living room, dining area and a remodeled kitchen, with granite countertops, shaker cabinets and an abundance of cabinet space. Back unit can have their own private entrance through the driveway gate, backyard patio area and spacious backyard grass area on this 7,185 sq/ft lot. There is even a backyard workshop/storage area that could possibly be converted into a separate ADU and the roof was recently redone within the last 8 years. Refrigerators, stoves and microwaves are all included and will stay with the units. Common laundry room area between the units , washer & dryer will stay. Enjoy extra recreation fun as 8037 McKinley is in close proximity to All American Park complete with playground equipment for both children and toddlers, exercise stations, basketball court, grass fields, walking paths and picnic areas.

Last Agent to Sell the Property

Blair Newman

Berkshire Hathaway HomeServices California Properties Brokerage Phone: 562-822-6532 License #01459316 Listed on: 08/23/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Neida Romo

High Ten Partners, Inc. License #01302936

High Ten Partners, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,908

Year Built

  • Built in 1950

Lot Details

  • 7,185 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Back and Front Yard

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 2,506 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Family Room

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Exterior Lighting
  • Separate Outdoor Workshop
  • Rain Gutters

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater
  • Water Softener

Listing and Financial Details

  • Legal Lot and Block 7 / 1
  • Tax Tract Number 5501
  • Assessor Parcel Number 6264004010
  • $834 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $18,600
  • Net Operating Income $55,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,908

Year Built

Built in 1950

Lot Details

0

Listing Details

  • CapRate: 5.80
  • Inclusions: Refrigerators, Stoves, Microwaves, Washer/Dryer
  • Price Per Unit: 475000
  • Property Attached: No
  • Zoning: PARM*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6264004010
  • Year Built: 1950
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Crown Molding
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 397.05
  • Room Type: Family Room
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Workshop
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Microwave, Range Hood, Water Heater, Water Softener
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Outside, Washer Included
  • 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: Back Yard, Front Yard, Lot 6500-9999, Park Nearby
  • Lot Size Sq Ft: 7185.00
  • Lot Size Acres: 0.1649

Multi Family

  • Gross Multiplier: 12.70
  • Gross Scheduled Income: 74400.00
  • Lot Size Area: 7185.0000 Square Feet
  • Net Operating Income: 55800.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 18600.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Expenses: 18600.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5535.03
  • Tax Lot: 7
  • Tax Tract Number: 5501
  • TaxOtherAnnualAssessmentAmount: 834.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2025
Sold by
Villasenor Alexis Jesset
Bought by
Jauregui Noe Ishmadan
Current Estimated Value
$1,037,253

Purchase Details

Listed on
Aug 23, 2024
Closed on
Oct 19, 2024
Sold by
Herrera Claudia Simona Soto
Bought by
Alvarez Eliazar Noe Silva
Seller's Agent
Blair Newman
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Neida Romo
High Ten Partners, Inc.
List Price
$950,000
Sold Price
$995,000
Premium/Discount to List
$45,000
4.74%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$911,171
Interest Rate
6.46%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 23, 2024
Closed on
Sep 26, 2024
Sold by
Soto Jaquez Liliana
Bought by
Alvarez Silva
Seller's Agent
Blair Newman
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Neida Romo
High Ten Partners, Inc.
List Price
$950,000
Sold Price
$995,000
Premium/Discount to List
$45,000
4.74%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$911,171
Interest Rate
6.46%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 23, 2024
Closed on
Sep 6, 2024
Sold by
Diaz Maria Teresa
Bought by
Jauregui Ismael Efren and Jauregui Cleofis Silva
Seller's Agent
Blair Newman
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Neida Romo
High Ten Partners, Inc.
List Price
$950,000
Sold Price
$995,000
Premium/Discount to List
$45,000
4.74%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$911,171
Interest Rate
6.46%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 30, 2011
Sold by
Diaz Tommy
Bought by
Diaz Maria Teresa and Diaz Maria T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,550
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2008
Sold by
Galbraith Susan Marie and The Anna Cutler Revocable Trus
Bought by
Diaz Maria T and Diaz Tommy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Gift Deed -- None Listed On Document
Grant Deed -- Orange Coast Title Company
Grant Deed $995,000 Orange Coast Title Company
Interfamily Deed Transfer -- Lsi
Grant Deed $400,000 Equity Title Los Angeles
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $911,171 FHA
Previous Owner $295,000 New Conventional
Previous Owner $276,000 New Conventional
Previous Owner $277,550 New Conventional
Previous Owner $276,000 New Conventional
Previous Owner $276,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Sold $995,000 +4.7% $397 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
08/23/2024 08/23/24 For Sale $950,000 -- $379 / 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 $1,908 $995,000 $575,000 $420,000
2024 $1,908 $88,147 $30,971 $57,176
2023 $1,881 $86,419 $30,364 $56,055
2022 $1,838 $84,725 $29,769 $54,956
2021 $1,789 $83,065 $29,186 $53,879
2020 $1,760 $82,214 $28,887 $53,327
2019 $1,807 $80,603 $28,321 $52,282
2018 $1,617 $79,023 $27,766 $51,257
2016 $1,460 $75,956 $26,689 $49,267
2015 $1,400 $74,816 $26,289 $48,527
2014 $1,432 $73,352 $25,775 $47,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24174553

California Regional Multiple Listing Service (CRMLS)

APN: 6264-004-010