NOT LISTED FOR SALE

8407 Somerset Blvd Paramount, CA 90723

Paramount Area

Estimated Value: $1,508,000 - $2,740,249

2 Beds
1 Bath
650 Sq Ft
$3,494/Sq Ft Est. Value

Sale Details

Date Sold: December 21, 2021

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

Est. 192% increase in value since last sale

Current estimated payment $15,141 / mo

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

9,035 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2017
Sold by
Bought by
Current Estimated Value
$2,271,416

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
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$360,000 Stewart Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $33,608 $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

  • Ty Loosmore

    Seller's Agent in 2021

    Ty Loosmore

    South Coast Realty

    (562) 418-4018

    10 Total Sales

    Ty Loosmore
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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

California Los Angeles County Paramount 90723

8407 Somerset Blvd, Paramount, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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