NOT LISTED FOR SALE

8401 2nd St Paramount, CA 90723

Estimated Value: $1,247,000 - $1,361,000

8 Beds
7 Baths
3,576 Sq Ft
$364/Sq Ft Est. Value

Last Sold January 21, 2015

Last sale price $690,000 $193 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $8,178/month

28 Days on Market

About This Home

As of January 2015

Great investments opportunity in one of Paramount's nicest areas. Very well maintained 4 unit properties. 3 unit building is two stories with 2 bedrooms, 1.5 bath units. Property also has a detached unit with 2 bedroom and 1 bath, 2 car garage. Property has a tremendous upside for rental increases. Located near schools, parks, hospitals, east freeway access to 105, 710, 91 and 605 freeways.

Last Agent to Sell the Property

Brian Holden

Century 21 My Real Estate License #01097703 Listed on: 11/03/2014

Last Buyer's Agent

Maria Olmos

Y Realty License #00956497

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,206

Year Built

  • Built in 1945

Lot Details

  • 7,717 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,576 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 11799
  • Assessor Parcel Number 6241006002

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,206

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 6241006002
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 192.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7717.00
  • Lot Size Acres: 0.1770

Multi Family

  • Lot Size Area: 7717.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 11799
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2020
Sold by
Michel Jessica K and Michel Adrian A
Bought by
Martinez Carlos Ceron and Michel Jessica K
Current Estimated Value
$1,300,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,800
Outstanding Balance
$617,276
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$683,194

Purchase Details

Closed on
Sep 6, 2017
Sold by
Michel Jessica K and Michel Adrian A
Bought by
Michel Jessica K and Martinez Carlos Ceron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,200
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2017
Sold by
Michel Jessica K and Martinez Carlos Ceron
Bought by
Michel Jessica K and Michel Adrian A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,200
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 3, 2014
Closed on
Jan 12, 2015
Sold by
Martinez Carlos Ceron
Bought by
Michel Jessica K
Seller's Agent
Brian Holden
Century 21 My Real Estate
Buyer's Agent
Maria Olmos
Y Realty
List Price
$729,000
Sold Price
$690,000
Premium/Discount to List
-$39,000
-5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%

Purchase Details

Closed on
Jul 10, 2014
Sold by
Melo Idalmiro N and Melo Maria Teresa
Bought by
Michel Jessica K and Michel Adrian A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$651,200
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 2004
Sold by
Melo Idalmiro N and Melo Maria T
Bought by
Melo Idalmiro N and Melo Maria Teresa
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Martinez Carlos Ceron -- Chicago Title Company
Michel Jessica K -- First American Title Company
Michel Jessica K -- None Available
Michel Jessica K -- Fidelity National Title Co
Michel Jessica K $690,000 Fidelity National Title Co
Melo Idalmiro N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Carlos Ceron $691,800
Closed Michel Jessica K $635,200
Previous Owner Michel Jessica K $651,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2015 01/21/15 Sold $690,000 -5.3% $193 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
11/03/2014 11/03/14 For Sale $729,000 -- $204 / 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
2024 $11,206 $813,006 $394,720 $418,286
2023 $11,004 $797,066 $386,981 $410,085
2022 $10,719 $781,439 $379,394 $402,045
2021 $10,470 $766,117 $371,955 $394,162
2020 $10,244 $759,043 $368,142 $390,901
2019 $10,729 $744,176 $360,924 $383,252
2018 $9,978 $729,601 $353,848 $375,753
2016 $8,963 $700,521 $340,108 $360,413
2015 $4,449 $318,114 $165,686 $152,428
2014 $4,558 $311,884 $162,441 $149,443
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14236641

California Regional Multiple Listing Service (CRMLS)

APN: 6241-006-002