NOT LISTED FOR SALE

8407 Somerset Blvd Paramount, CA 90723

Estimated Value: $822,000 - $876,000

2 Beds
1 Bath
650 Sq Ft
$1,311/Sq Ft Est. Value

Last Sold December 21, 2021

Last sale price $777,000 $1,195 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,331/month

5 Days on Market

About This Home

As of December 2021

Developers Dream!! Amazing Investment Opportunity with fully permitted plans to make this property a 4-unit money maker!! After construction the projected income is over $12,000 per month. Current plans will allow for over 4600 s.f. of living space. There is currently a remodeled 2-bedroom 1 bath house on the property and plans are provided to build a 2017 s.f. 4-bedroom (with optional 5th bedroom) house, another 1200 s.f. 3-bedroom unit and a third unit with 2 bedrooms at 746 s.f. Located in a great area of Paramount on a beautiful tree lined street, take advantage now and make this property something special. Seller may consider carrying 10% as a second loan.

Last Agent to Sell the Property

Ty Loosmore

South Coast Realty License #01302162 Listed on: 11/20/2021

Last Buyer's Agent

Ty Loosmore

South Coast Realty License #01302162 Listed on: 11/20/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1939

Lot Details

  • 9,035 Sq Ft Lot
  • Private Yard
  • Front Yard
  • Value in Land
  • Property is zoned 3407 SOMERSET

Home Design

  • 650 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Parking Available
  • Driveway

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 53
  • Tax Tract Number 11799
  • Assessor Parcel Number 6241007025
  • $549 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: 3407 SOMERSET
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6241007025
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 650.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1195.38
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Value In Land, Yard
  • Lot Size Sq Ft: 9035.00
  • Lot Size Acres: 0.2074

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9035.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5535.02
  • Tax Lot: 53
  • Tax Tract Number: 11799
  • TaxOtherAnnualAssessmentAmount: 549.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2017
Sold by
Tsurusato Kenji and Tsurusato Kay
Bought by
Aboulhosn Siraj
Current Estimated Value
$852,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,400
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2005
Sold by
Tsurusato Kay
Bought by
Tsurusato Kenji and Tsurusato Kay
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
Aboulhosn Siraj $360,000 Stewart Title
Tsurusato Kenji -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aboulhosn Siraj $347,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2021 12/21/21 Sold $777,000 0.0% $1,195 / Sq Ft
11/25/2021 11/25/21 Pending -- -- --
11/20/2021 11/20/21 For Sale $777,000 -- $1,195 / 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 $10,400 $2,648,066 $755,579 $1,892,487
2024 $10,400 $808,390 $740,764 $67,626
2023 $10,205 $792,540 $726,240 $66,300
2022 $9,930 $777,000 $712,000 $65,000
2021 $5,120 $378,423 $346,888 $31,535
2019 $5,211 $367,200 $336,600 $30,600
2018 $1,426 $51,476 $35,092 $16,384
2016 $1,324 $49,479 $33,730 $15,749
2015 $1,278 $48,737 $33,224 $15,513
2014 $1,295 $47,784 $32,574 $15,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21252958

California Regional Multiple Listing Service (CRMLS)

APN: 6241-007-025