NOT LISTED FOR SALE

8102 Jackson St Paramount, CA 90723

Estimated Value: $1,042,000 - $1,212,000

7 Beds
3 Baths
2,434 Sq Ft
$476/Sq Ft Est. Value

Last Sold May 18, 2021

Last sale price $955,000 $392 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,414/month

12 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Wall Furnace

About This Home

As of May 2021

Three Units on a corner lot, perfect for a first-time buyer; live in one and have rental income from tenants contribute to your mortgage payment. The three-bedroom unit has a light and bright living room, engineered flooring and an adjacent bedroom with an open beam ceiling currently used as a home office. A door leads out to a private yard and patio where you can enjoy the pleasures of gardening and alfresco dining. Back inside, the formal dining room has several windows that bring the outside in and is next to the upgraded kitchen which has oodles of white cabinets with Corian countertops, a pantry, stainless appliances, and an inside laundry with a door leading outside. The hallway has built-in linen storage and leads to the other two bedrooms both having several windows and ceiling fans. The full bath has been upgraded with a new shower and tub combination, a vanity sink, and an over-the-commode storage cupboard. The private double two-car garages are located around the corner.

Last Agent to Sell the Property

Allison Van Wig

Keller Williams Coastal Prop. License #00985700 Listed on: 03/24/2021

Keller Williams Coastal Prop.

Last Buyer's Agent

Allison Van Wig

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,275

Year Built

  • Built in 1948

Lot Details

  • 7,441 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • 2,434 Sq Ft Home

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / 81
  • Tax Tract Number 5539
  • Assessor Parcel Number 7103022035

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $2,500
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $12,025
  • Operating Expense $15,125
  • Gross Income $64,380
  • Net Operating Income $61,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,275

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: PAR2*
  • Property Type: Residential Income
  • Parcel Number: 7103022035
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 392.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7441.00
  • Lot Size Acres: 0.1708

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 64380.00
  • Gross Scheduled Income: 64380.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7441.0000 Square Feet
  • Net Operating Income: 61880.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4000.00
  • Rent Control: Yes
  • Total Actual Rent: 2641.00
  • Total Expenses: 15125.00

Tax Info

  • New Taxes Expense: 12025.00
  • Tax Block: 81
  • Tax Census Tract: 5539.02
  • Tax Lot: 1
  • Tax Tract Number: 5539

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2024
Sold by
Chung Duc Chi and Chung Kathleen
Bought by
Chung & Tran Living Trust and Chung
Current Estimated Value
$1,157,742

Purchase Details

Listed on
Mar 24, 2021
Closed on
Apr 9, 2021
Sold by
Brassard Philippe and Ferfon Delina
Bought by
Chung Duc Chi and Tran Kathleen
Seller's Agent
Allison Van Wig
Keller Williams Coastal Prop.
Buyer's Agent
Allison Van Wig
Keller Williams Coastal Prop.
List Price
$925,000
Sold Price
$955,000
Premium/Discount to List
$30,000
3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
Original Mortgage
$548,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Chung & Tran Living Trust -- None Listed On Document
Chung Duc Chi $955,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chung Duc Chi $548,000
Previous Owner Brassard M G $330,000
Previous Owner Brassard M G $300,000
Previous Owner Brassard M G $171,500
Previous Owner Brassard M G $171,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2021 05/18/21 Sold $955,000 +3.2% $392 / Sq Ft
03/24/2021 03/24/21 For Sale $925,000 -- $380 / 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 $13,275 $1,033,719 $620,232 $413,487
2024 $13,275 $1,013,451 $608,071 $405,380
2023 $13,029 $993,581 $596,149 $397,432
2022 $12,682 $974,100 $584,460 $389,640
2021 $10,140 $766,862 $459,713 $307,149
2020 $9,914 $240,973 $160,655 $80,318
2019 $3,945 $236,249 $157,505 $78,744
2018 $3,657 $231,617 $154,417 $77,200
2016 $3,301 $222,625 $148,422 $74,203
2015 $3,135 $219,282 $146,193 $73,089
2014 $3,211 $214,988 $143,330 $71,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21062155

California Regional Multiple Listing Service (CRMLS)

APN: 7103-022-035