NOT LISTED FOR SALE

8221 1st St Paramount, CA 90723

Estimated Value: $603,972 - $1,078,000

6 Beds
3 Baths
2,170 Sq Ft
$407/Sq Ft Est. Value

Last Sold March 26, 2013

Last sale price $300,000 $138 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $5,697/month

About This Home

As of March 2013

Great Opportunity. Property features three units.

Last Agent to Sell the Property

Abel Martinez

Cornerstone Real Estate Inc License #01202407 Listed on: 10/13/2012

Last Buyer's Agent

Abel Martinez

Cornerstone Real Estate Inc License #01202407 Listed on: 10/13/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,293

Year Built

  • Built in 1957

Lot Details

  • 8,394

Parking

  • 6 Parking Spaces

Home Design

  • 2,170 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Additional Features

  • 8,394 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 11799
  • Assessor Parcel Number 6241008054

Community Details

Overview

  • 2 Buildings

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $960
  • Fuel Expense $720
  • Gardener Expense $960
  • Insurance Expense $1,200
  • Pest Control $250
  • Trash Expense $7,250
  • Water Sewer Expense $760
  • New Taxes Expense $4,676
  • Gross Income $1,200
  • Net Operating Income $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,293

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 0.80
  • View: No
  • Water Sewer Expenses: 760.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 6241008054
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 138.25

Exterior Features

  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 250.00
  • Trash Expense: 7250.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 8394.00
  • Lot Size Acres: 0.1930

Multi Family

  • Electric Expense: 960.00
  • Fuel Expense: 720.00
  • Gross Income: 1200.00
  • Gross Multiplier: 20.83
  • Gross Scheduled Income: 14400.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 2400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Operating Expense: 2400.00
  • Other Expense Description: 820

Tax Info

  • New Taxes Expense: 4676.00
  • Tax Lot: 23
  • Tax Tract Number: 11799

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2016
Sold by
Sanchez Fernando
Bought by
Villalobos Juan and Villalobos Maria G
Current Estimated Value
$883,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 14, 2013
Sold by
Villalobos Juan and Villalobos Maria Guadalupe
Bought by
Sanchez Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,566
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 1, 2006
Sold by
Villalobos Maria Guadalupe
Bought by
Villalobos Juan and Villalobos Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 16, 2005
Sold by
Villalobos Guadalupe
Bought by
Villalobos Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2003
Sold by
Vargas Alfredo and Vargas Maria Griselda
Bought by
Villalobos Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,300
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2001
Sold by
Alano Medarlo C Co Tr Alano Trust
Bought by
Villalobos Juan and Villalobos Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,369
Interest Rate
7.12%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 1994
Sold by
Alano Medarlo C and Alano Ludivina D
Bought by
Alano Medarlo C and Alano Ludivina D

Purchase Details

Closed on
Aug 6, 1993
Sold by
Navidad Paz Blanca
Bought by
Alano Christopher and Alano Medarlo C
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 Buyer Sale Price Title Company
Villalobos Juan $350,000 Provident Title Company
Sanchez Fernando $300,000 None Available
Villalobos Juan -- Ticor Title Co Glendale
Villalobos Maria Guadalupe -- United Title Company
Villalobos Guadalupe -- United Title Company
Villalobos Guadalupe -- United Title Company
Villalobos Juan $239,000 Southland Title
Alano Medarlo C -- --
Alano Christopher -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villalobos Juan $343,660
Previous Owner Sanchez Fernando $294,566
Previous Owner Villalobos Juan $475,000
Previous Owner Villalobos Maria Guadalupe $350,000
Previous Owner Villalobos Guadalupe $285,300
Previous Owner Villalobos Guan $18,427
Previous Owner Villalobos Juan $231,369
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2013 03/26/13 Sold $300,000 0.0% $138 / Sq Ft
10/13/2012 10/13/12 For Sale $300,000 -- $138 / Sq Ft
10/10/2012 10/10/12 Pending -- -- --
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
2024 $9,293 $682,694 $341,347 $341,347
2023 $9,124 $669,308 $334,654 $334,654
2022 $8,885 $656,186 $328,093 $328,093
2021 $8,684 $643,320 $321,660 $321,660
2020 $8,494 $636,724 $318,362 $318,362
2019 $8,901 $624,240 $312,120 $312,120
2018 $8,272 $612,000 $306,000 $306,000
2016 $4,307 $312,068 $187,241 $124,827
2015 $4,078 $307,381 $184,429 $122,952
2014 $4,180 $301,361 $180,817 $120,544
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1205322

California Regional Multiple Listing Service (CRMLS)

APN: 6241-008-054