NOT LISTED FOR SALE

8427 Somerset Blvd Paramount, CA 90723

Estimated Value: $667,827

2 Beds
3 Baths
1,320 Sq Ft
$506/Sq Ft Est. Value

Last Sold May 04, 2018

Last sale price $450,000 $341 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,184/month

393 Days on Market

Highlights

  • RV Access or Parking
  • Oversized Parking
  • Rectangular Lot
  • Gated Parking

About This Home

As of May 2018

Great opportunity to own a newly remodeled 2 bedroom / 2 bath home and have income to help cover the monthly mortgage from the Hair Salon onsite. This 2 bed / 2 bath has never been lived in, act now and be the first. Great opportunity for a rental or owner occupied. Gigantic lot size just over 9,000 square feet and close to Freeways, Parks and Schools.

Last Agent to Sell the Property

Marvin Phillip

Y Realty License #01464525 Listed on: 07/27/2016

Last Buyer's Agent

Marvin Phillip

Y Realty License #01464525 Listed on: 07/27/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,674

Year Built

  • Built in 1939

Lot Details

  • 9,379 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • 1,320 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Parking

  • Oversized Parking
  • Parking Available
  • Driveway
  • Gated Parking
  • Uncovered Parking
  • On-Site Parking
  • RV Access or Parking

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 56
  • Tax Tract Number 11799
  • Assessor Parcel Number 6241007032

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $750
  • Net Operating Income $9,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,674

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 6241007032
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps,Ground Level No Steps
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 340.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Gated, On Site, Oversized, RV Access/Parking, Uncovered

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Sq Ft: 9379.00
  • Price Per Lot Square Foot: 47.98

Multi Family

  • Average2 Bed Area: 974
  • Average Studio Area: 346
  • Gross Income: 750.00
  • Gross Scheduled Income: 9000.00
  • Net Operating Income: 9000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 56
  • Tax Tract Number: 11799

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2017
Sold by
Flores Abelino
Bought by
Morrison Charles and Jones Morrison Robbie
Current Estimated Value
$667,827

Purchase Details

Closed on
Jun 1, 2002
Sold by
Little Buddy
Bought by
Flores Abelino and Flores Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.69%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 1999
Sold by
Mccall Homer
Bought by
Little Buddy and Little Alpha

Purchase Details

Closed on
Aug 12, 1994
Sold by
Williams Ardella M
Bought by
Williams Ardella M and Jean Williams P
Source: Public Records

Range of Values:

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Average Value
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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
Morrison Charles $450,000 First American Title
Flores Abelino $180,000 Lawyers Title Company
Little Buddy -- --
Williams Ardella M -- --
Mccall Homer -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flores Abelino $1,000,000
Previous Owner Flores Abelino $150,000
Previous Owner Flores Abelino $100,000
Previous Owner Flores Abelino $100,000
Closed Flores Abelino $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2018 05/04/18 Sold $450,000 -7.2% $341 / Sq Ft
04/16/2018 04/16/18 Price Changed $485,000 +7.8% $367 / Sq Ft
08/24/2017 08/24/17 Pending -- -- --
07/27/2016 07/27/16 For Sale $450,000 -- $341 / 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 $7,674 $570,869 $446,206 $124,663
2023 $7,535 $559,676 $437,457 $122,219
2022 $7,338 $548,703 $428,880 $119,823
2021 $7,175 $537,945 $420,471 $117,474
2019 $751 $459,000 $408,000 $51,000
2018 $3,286 $229,105 $178,197 $50,908
2016 $2,962 $220,210 $171,278 $48,932
2015 $2,802 $216,903 $168,706 $48,197
2014 $2,872 $212,655 $165,402 $47,253
Source: Public Records

Agents Affiliated with this Home

  • Marvin Phillip

    Seller's Agent in 2018

    Marvin Phillip

    Y Realty

    (562) 207-8200

    36 Total Sales

    Marvin Phillip
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16164360

California Regional Multiple Listing Service (CRMLS)

APN: 6241-007-032

California Los Angeles County Paramount 90723

8427 Somerset Blvd, Paramount, CA

This home is located at 8427 Somerset Blvd, Paramount, CA 90723 since 27 July 2016 and is currently estimated at $667,827, approximately $505 per square foot. This property was built in 1939. 8427 Somerset Blvd is a home located in Los Angeles County with nearby schools including Harry Wirtz Elementary School, Paramount Park Middle School, and Paramount High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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