NOT LISTED FOR SALE

8213 70th St Paramount, CA 90723

Estimated Value: $818,000 - $1,038,000

5 Beds
2 Baths
1,948 Sq Ft
$473/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $583,000 $299 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,549/month

41 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Tile Flooring
  • Fenced
  • Laundry Room

About This Home

As of March 2018

Take advantage of this investment opportunity in Paramount. Ideal for homeowner to live in one unit and rent the other. The back unit is currently vacant. This property features 3 bedrooms with 1 bath/front unit and 2 bedrooms and 1 bath/back unit each with ample parking. Both units have washer and dryers hook ups and separate meters. This property is conveniently located near shopping and freeways 91 and 710. The house is centrally located and adjacent to the City of Long Beach and City of Bellflower.

Last Agent to Sell the Property

Terry Davis

Equity Union License #01145003 Listed on: 01/16/2018

Equity Union

Co-Listed By

Charlene Allen

Equity Union License #01955751

Last Buyer's Agent

Jorge Diaz

Circle Real Estate License #01732032

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,045 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in average condition
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,948 Sq Ft Home

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 87/5
  • Tax Tract Number 5539
  • Assessor Parcel Number 7103028007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $900
  • Trash Expense $432
  • Water Sewer Expense $2,040
  • New Taxes Expense $4,000
  • Operating Expense $17,452
  • Gross Income $25,020
  • Net Operating Income $25,020

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2040.00
  • Zoning: PAR2*
  • Property Type: Residential Income
  • Parcel Number: 7103028007
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 299.28
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 432.00
  • 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
  • Lot Size Sq Ft: 6045.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 25020.00
  • Gross Scheduled Income: 35100.00
  • Insurance Expense: 900.00
  • Net Operating Income: 25020.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 10080.00
  • Rent Control: No
  • Total Actual Rent: 1225.00
  • Total Expenses: 17452.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Census Tract: 5539.02
  • Tax Lot: 87/5
  • Tax Tract Number: 5539.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2018
Closed on
Mar 8, 2018
Sold by
Ordonez Dalila and Ordonez Morena
Bought by
Alduenda Hugo Joel Sanchez and Sanchez Yuri
Seller's Agent
Terry Davis
Equity Union
Buyer's Agent
Jorge Diaz
Circle Real Estate
List Price
$579,999
Sold Price
$583,000
Premium/Discount to List
$3,001
0.52%
Current Estimated Value
$921,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,405
Avg. Annual Appreciation
6.08%
Original Mortgage
$572,440
Outstanding Balance
$490,419
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$430,986

Purchase Details

Listed on
Jan 16, 2018
Closed on
Mar 6, 2018
Sold by
Sanchez Maria Del Carmen
Bought by
Rodriguez Joel Sanchez
Seller's Agent
Terry Davis
Equity Union
Buyer's Agent
Jorge Diaz
Circle Real Estate
List Price
$579,999
Sold Price
$583,000
Premium/Discount to List
$3,001
0.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,440
Outstanding Balance
$490,419
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$430,986
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
Alduenda Hugo Joel Sanchez $583,000 Chicago Title Company
Rodriguez Joel Sanchez -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alduenda Hugo Joel Sanchez $572,440
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2018 03/30/18 Sold $583,000 +0.5% $299 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $579,999 -- $298 / 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 $8,669 $663,348 $431,234 $232,114
2024 $8,669 $650,342 $422,779 $227,563
2023 $8,510 $637,591 $414,490 $223,101
2022 $8,285 $625,090 $406,363 $218,727
2021 $8,096 $612,835 $398,396 $214,439
2020 $7,915 $606,552 $394,311 $212,241
2019 $8,758 $594,660 $386,580 $208,080
2018 $4,207 $295,874 $129,340 $166,534
2016 $3,782 $284,386 $124,318 $160,068
2015 $3,576 $280,115 $122,451 $157,664
2014 $3,664 $274,629 $120,053 $154,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB18006107

California Regional Multiple Listing Service (CRMLS)

APN: 7103-028-007