NOT LISTED FOR SALE

8308 2nd St Paramount, CA 90723

Estimated Value: $1,252,000 - $1,459,000

8 Beds
4 Baths
3,650 Sq Ft
$368/Sq Ft Est. Value

Last Sold February 06, 2014

Last sale price $700,000 $192 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $8,050/month

64 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Wall Furnace
  • Wood Flooring
  • Laundry Room

About This Home

As of February 2014

Calling all potential investors!! Fantastic opportunity available in an upgraded quad-plex property ready for immediate move-in in Paramount! This amazing property has a total of 8 bedrooms with 5.5 bathrooms. The front house is a 2 bedroom 1 bath house with a completely remodeled kitchen and bathroom! The 3 units in the back of the property are 2 story, 2 bed, 1.5 bath units with upgraded kitchen cabinets equipped with granite counters. Each bedroom has lush new carpeting and all new laminate wood floors through the kitchen! Don’t miss this opportunity to own a rare quadruplex in a highly desirable area of Paramount! You won’t find another property like this in the area! Located dear Paramount Park, Kaiser Permanente, Paramount High School and easy access to the 105, 710, 91 and 605 freeways!

Last Agent to Sell the Property

Polly Watts

Shelter Club Realty, Inc. License #00895696 Listed on: 12/06/2013

Last Buyer's Agent

Katelyn Huynh

Aegis Real Estate and REO Inc. License #01721963

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,555

Year Built

  • Built in 1939

Lot Details

  • 8,650 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Front Yard Sprinklers

Parking

  • 3 Car Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,650 Sq Ft Home
  • Living Room
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Assessor Parcel Number 6241008013

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,550
  • Net Operating Income $54,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,555

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • Other Phone Number: 866-640-3040
  • Property Attached: Yes
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6241008013
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 191.78
  • Room Type: Living Room

Exterior Features

  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 8650.00
  • Lot Size Acres: 0.1990

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4550.00
  • Gross Scheduled Income: 54600.00
  • Lot Size Area: 8650.0000 Square Feet
  • Net Operating Income: 54600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 27
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2021
Sold by
Solorzano Oscar and Solorzano Alicia
Bought by
Solorzano Oscar and Solorzano Alicia
Current Estimated Value
$1,341,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$538,629
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$803,219

Purchase Details

Listed on
Dec 6, 2013
Closed on
Dec 24, 2013
Sold by
West Ridge Rentals Llc
Bought by
Solorzano Alicia
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Katelyn Huynh
Aegis Real Estate and REO Inc.
List Price
$699,900
Sold Price
$700,000
Premium/Discount to List
$100
0.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$500,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2013
Sold by
Mid Cal Realty Services Inc
Bought by
West Ridge Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.49%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 14, 2013
Sold by
Hernandez Raul
Bought by
Mid Cal Realty Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.49%
Mortgage Type
Unknown

Purchase Details

Closed on
May 13, 2013
Sold by
Hernandez Raul
Bought by
Hernandez Raul and Calfed Rust

Purchase Details

Closed on
Aug 31, 2011
Sold by
Hernandez Raul
Bought by
Hernandez Efrain

Purchase Details

Closed on
Oct 19, 2007
Sold by
Hernandez Alma
Bought by
Hernandez Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,488
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2005
Sold by
Marquez Casimiro and Marquez Manuela
Bought by
Hernandez Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 16, 1994
Sold by
Marin Reynaldo and Marin Silvia
Bought by
Marquez Casimiro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.25%

Purchase Details

Closed on
Oct 27, 1993
Sold by
Marquez Casimiro and Marquez Manuela
Bought by
Marquez Casimiro
Source: Public Records

Range of Values:

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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
Solorzano Oscar -- Orange Coast Title
Solorzano Alicia $700,000 Fidelity National Title Co
West Ridge Rentals Llc -- Fidelity National Title Co
Mid Cal Realty Services Inc $511,500 Fidelity National Title Co
Hernandez Raul -- None Available
Hernandez Efrain -- None Available
Hernandez Raul -- Chicago Title Co
Hernandez Raul $675,000 Investors Title Company
Marquez Casimiro -- Gateway Title Company
Marquez Casimiro -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solorzano Oscar $600,000
Closed Solorzano Alicia $500,000
Previous Owner West Ridge Rentals Llc $0
Previous Owner Hernandez Raul $579,488
Previous Owner Hernandez Raul $536,000
Previous Owner Marquez Casimiro $238,000
Previous Owner Marquez Casimiro $240,000
Previous Owner Marquez Casimiro $35,000
Previous Owner Marquez Casimiro $204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2014 02/06/14 Sold $700,000 0.0% $192 / Sq Ft
12/19/2013 12/19/13 Pending -- -- --
10/16/2013 10/16/13 For Sale $699,900 -- $192 / 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 $11,555 $858,091 $463,369 $394,722
2024 $11,555 $841,267 $454,284 $386,983
2023 $11,346 $824,773 $445,377 $379,396
2022 $11,052 $808,602 $436,645 $371,957
2021 $10,795 $792,748 $428,084 $364,664
2020 $10,561 $784,620 $423,695 $360,925
2019 $11,062 $769,237 $415,388 $353,849
2018 $10,289 $754,155 $407,244 $346,911
2016 $9,241 $724,872 $391,431 $333,441
2015 $8,720 $713,985 $385,552 $328,433
2014 $7,811 $600,000 $324,000 $276,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13211231

California Regional Multiple Listing Service (CRMLS)

APN: 6241-008-013