NOT LISTED FOR SALE

8402 Jackson St Paramount, CA 90723

Estimated Value: $817,000 - $981,000

4 Beds
3 Baths
2,016 Sq Ft
$439/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $700,000 $347 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,476/month

7 Days on Market

Highlights

  • No HOA
  • Level Lot
  • 1-Story Property

About This Home

As of May 2021

***ATTENTION INVESTORS OR REHABBERS***LOOKING FOR YOUR NEXT PROJECT???? THREE HOUSES ON A 10,000sf CORNER LOT. PROPERTY CONSISTS OF 2 ONE BEDROOM HOMES SEPARATED BY A TWO CAR GARAGE ON JACKSON. CURRENT INTERIOR CONDITION UNKNOWN BY OWNER, BOTH LONG TERM TENANTS. THE OTHER HOUSE IS AT 16406 INDIANA. IT IS A TWO BEDROOM ONE BATH HOUSE WITH A SINGLE CAR GARAGE. IT IS IN VERY ROUGH CONDITION. IT WILL NEED A MAJOR RENOVATION OR SCRAPE AND REBUILD ANOTHER HOME. THERE IS A LARGE OPEN SPACE BEHIND THE PROPERTY. IT MAY BE POSSIBLE TO ADD TWO "ADU UNITS" TO THE PROPERTY. PROSPECTIVE BUYERS SHOULD DO OWN INVESTIGATION WITH THE CITY OF PARAMOUNT. MUST BE ALL CASH OFFERS WITH NO CONTINGENCIES. FINANCING OF ANY TYPE WILL NOT BE ACCEPTED. RENTS ARE EXTREMELY LOW. LOCATED IN VERY NICE RESIDENTIAL NEIGHBORHOOD WITH EASY FREEWAY ACCESS.

Last Agent to Sell the Property

Jim Webb

Skyline Properties License #00680534 Listed on: 04/28/2021

Last Buyer's Agent

Justin Margedant

Skyline Properties License #01943196

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 10,001 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 7469
  • Assessor Parcel Number 7103018027

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $700
  • Water Sewer Expense $700
  • New Taxes Expense $7,500
  • Operating Expense $10,900
  • Gross Income $16,800
  • Net Operating Income $13,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 700.00
  • Zoning: PARM*
  • Property Type: Residential Income
  • Parcel Number: 7103018027
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 347.22

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10001.00
  • Lot Size Acres: 0.2296

Multi Family

  • Gross Income: 16800.00
  • Gross Scheduled Income: 16800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 10001.0000 Square Feet
  • Net Operating Income: 13300.00
  • 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: 3500.00
  • Rent Control: No
  • Total Expenses: 10900.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Census Tract: 5539.02
  • Tax Lot: 2
  • Tax Tract Number: 7469

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2015
Sold by
Torkelson Madge D
Bought by
Madge D Torkelson Revocable Trust
Current Estimated Value
$884,714

Purchase Details

Closed on
Jul 1, 1996
Sold by
Torkelson Eugene Dale and Torkelson Madge D
Bought by
Torkelson Madge D
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
Madge D Torkelson Revocable Trust -- None Available
Torkelson Madge D -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2021 05/21/21 Sold $700,000 +16.7% $347 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $600,000 -- $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 $10,082 $757,700 $649,458 $108,242
2024 $10,082 $742,844 $636,724 $106,120
2023 $9,897 $728,280 $624,240 $104,040
2022 $9,637 $714,000 $612,000 $102,000
2021 $2,076 $95,991 $54,190 $41,801
2020 $2,044 $95,008 $53,635 $41,373
2019 $2,097 $93,146 $52,584 $40,562
2018 $1,942 $91,320 $51,553 $39,767
2016 $1,771 $87,776 $49,552 $38,224
2015 $1,700 $86,458 $48,808 $37,650
2014 -- $84,765 $47,852 $36,913
Source: Public Records

Agents Affiliated with this Home

  • Jim Webb

    Seller's Agent in 2021

    Jim Webb

    Skyline Properties

    (562) 618-9909

    1 in this area

    17 Total Sales

    Jim Webb
    Section Image
  • Justin Margedant

    Buyer's Agent in 2021

    Justin Margedant

    Skyline Properties

    (562) 686-3001

    1 in this area

    16 Total Sales

    Justin Margedant
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21086709

California Regional Multiple Listing Service (CRMLS)

APN: 7103-018-027

California Los Angeles County Paramount 90723

8402 Jackson St, Paramount, CA

Not Listed for Sale

MultiFamily

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