NOT LISTED FOR SALE

8740 Chester St Paramount, CA 90723

1 Bed
2 Baths
1,600 Sq Ft
5,181 Sq Ft Lot

Last Sold September 12, 2017

Last sale price $590,000 $369 Per Sq Ft

331 Days on Market

Highlights

  • Lawn
  • Tile Flooring
  • Wall Furnace
  • Laundry Room

About This Home

As of September 2017

Beautiful five units in a desirable area of Paramount. All units are single story offering 6 parking spaces, one car garage and coin operated laundry room on site. This is the property that all tenants have been waiting for. Tile flooring through out, tiled showers and copper plumbing. These five units have been well maintained by the owner and are great income properties.

Last Agent to Sell the Property

Angel Martinez

Corcoran Global Living License #01836393 Listed on: 10/05/2016

Corcoran Global Living

Last Buyer's Agent

Angel Martinez

Corcoran Global Living License #01836393 Listed on: 10/05/2016

Corcoran Global Living

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,181 Sq Ft Lot
  • No Common Walls
  • Lawn

Parking

  • 6 Parking Spaces

Home Design

  • 1,600 Sq Ft Home

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 6268018014

Community Details

Overview

  • 5 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,200
  • Gardener Expense $480
  • Trash Expense $900
  • Water Sewer Expense $2,400
  • New Taxes Expense $1
  • Operating Expense $8,880
  • Net Operating Income $35,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: PAR2YY
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 6268018014
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 368.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Other
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 5181.00

Multi Family

  • Average1 Bed Area: 400 Square Feet
  • Average Studio Area: 350 Square Feet
  • Electric Expense: 2200.00
  • Gross Scheduled Income: 44400.00
  • Net Operating Income: 35520.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 8880.00
  • Operating Expense Percent: 20.00
  • Rent Control: No
  • Total Actual Rent: 3650.00
  • Total Expenses: 8880.00

Tax Info

  • New Taxes Expense: 1.25
  • Tax Census Tract: 5539.01

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2017 09/12/17 Sold $590,000 0.0% $369 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
07/31/2017 07/31/17 Price Changed $589,999 -1.7% $369 / Sq Ft
04/24/2017 04/24/17 Price Changed $599,999 -4.3% $375 / Sq Ft
01/10/2017 01/10/17 Price Changed $627,000 -3.5% $392 / Sq Ft
11/15/2016 11/15/16 Price Changed $649,999 -3.7% $406 / Sq Ft
10/05/2016 10/05/16 For Sale $675,000 -- $422 / 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 $11,521 $836,633 $459,590 $377,043
2024 $11,521 $820,229 $450,579 $369,650
2023 $11,316 $804,147 $441,745 $362,402
2022 $11,029 $788,381 $433,084 $355,297
2021 $10,793 $772,924 $424,593 $348,331
2020 $10,577 $765,400 $420,240 $345,160
2019 $9,180 $602,200 $316,200 $286,000
2018 $8,642 $590,400 $310,000 $280,400
2016 $8,658 $643,973 $339,529 $304,444
2015 $8,191 $634,300 $334,429 $299,871
2014 $8,390 $621,875 $327,878 $293,997
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16718261

California Regional Multiple Listing Service (CRMLS)