$1,195,000 Price Analysis   ♡   Paramount, CA 90723 9 bed 5 bath 3,448 SqFt ($346/SqFt) 6,392SqFt lot. Built 1963 Listed 2024-05-22, Taxes $3,878 | Ⓧ USDA Ineligible due to price & location near Paramount |
15803 Passage Avenue is a 4-unit multifamily investment asset located in the highly desirable rental market of Paramount.
* Has Contingent Offer *The property features (1) 3-bed/2-bath unit and (3) 2-bed/1-bath units, garage parking and an onsite laundry facility. The city of Paramount does not have local rent control, o ffering significant potential for increased rents. The subject property has been owned by the same family for over 30 years and is an outstanding investment opportunity because of its tremendous location and rental upside.
The city of Paramount is subject to AB 1482, which currently allws for annual rent increases of up to 8.9%. All offers must include a current proof of funds and a pre-approval letter.
Presented by Nicholas Petrosian at
RE MAX Commercial & Investment Realty.
Property MLS #24-395045 from TheMLSCLAW
Full Bathrooms: 5
Lot Size Dimensions: 60x110
Lot Size Source: Assessor
Lot Size Square Feet: 6392
Garage Description: Garage Is Attached
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2275, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2275, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2275, 4 BedsTotal: 3, 4 BathsTotal: 2, 4 SquareFeet: 2700
County: Los Angeles
Cap Rate: 3.45
Directions: West of Lakewood Blvd and North of Alondra Blvd
Source Property Type: Residential Income
Area: Paramount South of Somerset
Source Neighborhood: Paramount South of Somerset
Parcel Number: 6268-016-029
Postal Code Plus 4: 5215
Zoning: PARM
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $161,125 + $54,402 $215,527 | $3,878 |
| 2021 | $157,966 + $53,336 $211,302 | $3,782 |
| 2020 | $156,347 + $52,790 $209,137 | $3,715 |
| 2019 | $153,282 + $51,755 $205,037 | $3,841 |
| 2018 | $150,277 + $50,741 $201,018 | $3,547 |
| 2017 | $147,331 + $49,747 $197,078 | $3,452 |
| 2016 | $144,443 + $48,772 $193,215 | $3,208 |
| 2015 | $142,274 + $48,040 $190,314 | $3,059 |
| 2014 | $139,488 + $47,099 $186,587 | $3,132 |
| 2013 | $138,858 + $46,887 $185,745 | $3,100 |
| 2012 | $136,136 + $45,968 $182,104 | $3,057 |
| 2010 | $133,467 + $45,067 $178,534 | $2,908 |
| 2009 | $132,785 + $44,838 $177,623 | $2,909 |
| 2009 | $132,470 + $44,731 $177,201 | $2,909 |
| 2008 | $130,182 + $43,959 $174,141 | $2,842 |
| 2007 | $127,630 + $43,098 $170,728 | $2,707 |
$1,195,000
TheMLSCLAW
Sold 1984-02-15
$95,500
Public Record
Sold 1983-12-06
$185,000
Public Record
Year Built: 1963
Levels: Two Level
Living Area Source: Assessor
Property Age: 61
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.