14033 Paramount Blvd

Paramount, CA 90723

$3,450,000
Last Sold Price
3
Beds
20
Baths
11,249 Sq. Ft.
$307 / Sq. Ft.
11,249
Sq. Ft.
$307
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 4/5/22
Closed 4/5/22
a view of a car parked in front of a building

Description

We are pleased to present 14033 Paramount Blvd, a 12 unit mutli-family property located in Paramount, California. Built in 1990, the subject property consists of 11,249 rentable square feet spread throughout a .4 acre lot. The building consists of (4) 1-Bedrooms / 1-Bathroom and (8) 2-Bedroom / 2-Bathroom units. There is a shared laundry and ample covered and open parking spaces available for tenant convenience. The property is in a great location, tenants benefit from quick access to the 105 FWY...We are pleased to present 14033 Paramount Blvd, a 12 unit mutli-family property located in Paramount, California. Built in 1990, the subject property consists of 11,249 rentable square feet spread throughout a .4 acre lot. The building consists of (4) 1-Bedrooms / 1-Bathroom and (8) 2-Bedroom / 2-Bathroom units. There is a shared laundry and ample covered and open parking spaces available for tenant convenience. The property is in a great location, tenants benefit from quick access to the 105 FWY which makes commutes to large employment centers much easier. The length and means of one's commute to work and how much of your day it takes to do so is a large quality of life. That said, within 2 miles there is the Lakewood Green Line Station with parking for an easy means to travel to Downtown Los Angeles. The city of Paramount is promoting development, creation of business, and local events to create a tight knit-community. Paramount is a strong rental market which has had an annual rent growth of 4.6%, mainly because of the city’s central location near large employment centers. This is a tight market with zero units delivered within the last 12 months and a vacancy rate of 2.1%. This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.
  1. Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap
  2. Listed by Ryan Gonzalez • DRE #01874815 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 14033 Paramount Boulevard

Parking Spaces Total
14
Private Pool
No
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
11249
Assessor Parcel Number
6242-034-004
Property Attached YN
true
LISTING UPDATED: 04/06/2022 06:51 AM

Property Details for 14033 Paramount Boulevard

StatusClosed
MLS #PW22005840
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1990
Lot Size0.40 AC / 17,540 SF
CountyLos Angeles County
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Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184; Marcus & Millichap, Ryan Gonzalez, DRE #01874815

Sold By None MRML, NONE NONE, DRE #N/A

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Building Information for 14033 Paramount Boulevard

Stories2Residences-Year Built1990Building Size-Lot Size0.40 AC / 17,540 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$20,893 per month

30 year fixed, 6.15% Interest

Principal and Interest

$16,815

Property Taxes

$4,078

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 14033 Paramount Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $202,583
  • Gross Scheduled Income: $208,848
  • Net Operating Income: $117,037
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $85,546
  • New Taxes Expense: $39,375
  • Fuel Expense: $3,129
  • Security Expense: $4,160
  • Electric Expense: $3,129
  • Insurance Expense: $6,095
  • Professional Management Expense: $8,400
  • Trash Expense: $3,129
  • Water Sewer Expense: $3,129
  • Supplies Expense: $3,000
  • Total Expenses: $85,546
Tax / Assessment Info
  • Tax Tract Number: 5792
  • Tax Census Tract: 5536.02
  • CFD/Mello-Roos Fee: $3,535
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 12
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,125
  • Unit Type Total Rent: $4,500
  • Unit Type Pro Forma: 1625
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,613
  • Unit Type Total Rent: $12,904
  • Unit Type Pro Forma: 1925
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2

Property History for 14033 Paramount Boulevard

DateEvent & SourcePriceAppreciation
Feb 20, 2024

Expired

CRMLS #PW23129738

$3,600,000—
Feb 19, 2024

Expired

CLAW #PW23129738MR

$3,600,000—
Aug 29, 2023

Price Change

CRMLS #PW23129738

$3,600,000—
Jul 17, 2023

Listed (Active)

CRMLS #PW23129738

$3,700,000—
Jul 17, 2023

Listed (Active)

CLAW #PW23129738MR

$3,700,000—
Apr 5, 2022

Sold

SDMLS #PW22005840

$3,450,000—
Apr 5, 2022

Sold

CLAW #PW22005840MR

$3,450,000—
Apr 5, 2022

Sold

CRMLS #PW22005840

$3,450,000—
Mar 28, 2022

Sold (Public Record)

Public Record #1486861405

$3,450,000

+5.1% / yr

Feb 3, 2022

Pending

CRMLS #PW22005840

—
Feb 3, 2022

Pending

CLAW #PW22005840MR

—
Feb 3, 2022

Pending

SDMLS #PW22005840

—
Jan 11, 2022

Listed (Active)

CRMLS #PW22005840

$3,150,000—
Jan 11, 2022

Listed (Active)

SDMLS #PW22005840

$3,150,000—
Jan 11, 2022

Listed (Active)

CLAW #PW22005840MR

$3,150,000—
Nov 25, 2003

Sold (Public Record)

Public Record #124587851

$1,387,500—
Nov 25, 2003

Sold

CRMLS #CC226936

$1,387,500—
Nov 25, 2003

Sold

CRMLS #R34359

$1,387,500—
Nov 25, 2003

Sold

CLAW #R34359MR

$1,387,500—
Sep 23, 2003

Pending

CRMLS #R34359

—
Sep 23, 2003

Pending

CLAW #R34359MR

—
Jul 15, 2003

Listed (Active)

CRMLS #R34359

$1,500,000—
Jul 15, 2003

Listed (Active)

CRMLS #CC226936

$1,500,000—
Jul 15, 2003

Listed (Active)

CLAW #R34359MR

$1,500,000—
DateEvent & SourcePrice
02/20/2024

Expired

CRMLS #PW23129738

$3,600,000
02/19/2024

Expired

CLAW #PW23129738MR

$3,600,000
08/29/2023

Price Change

CRMLS #PW23129738

$3,600,000
07/17/2023

Listed (Active)

CRMLS #PW23129738

$3,700,000
07/17/2023

Listed (Active)

CLAW #PW23129738MR

$3,700,000
04/05/2022

Sold

SDMLS #PW22005840

$3,450,000
04/05/2022

Sold

CLAW #PW22005840MR

$3,450,000
04/05/2022

Sold

CRMLS #PW22005840

$3,450,000
03/28/2022

Sold (Public Record)

Public Record #1486861405

$3,450,000

+5.1% / yr

02/03/2022

Pending

CRMLS #PW22005840

—
02/03/2022

Pending

CLAW #PW22005840MR

—
02/03/2022

Pending

SDMLS #PW22005840

—
01/11/2022

Listed (Active)

CRMLS #PW22005840

$3,150,000
01/11/2022

Listed (Active)

SDMLS #PW22005840

$3,150,000
01/11/2022

Listed (Active)

CLAW #PW22005840MR

$3,150,000
11/25/2003

Sold (Public Record)

Public Record #124587851

$1,387,500
11/25/2003

Sold

CRMLS #CC226936

$1,387,500
11/25/2003

Sold

CRMLS #R34359

$1,387,500
11/25/2003

Sold

CLAW #R34359MR

$1,387,500
09/23/2003

Pending

CRMLS #R34359

—
09/23/2003

Pending

CLAW #R34359MR

—
07/15/2003

Listed (Active)

CRMLS #R34359

$1,500,000
07/15/2003

Listed (Active)

CRMLS #CC226936

$1,500,000
07/15/2003

Listed (Active)

CLAW #R34359MR

$1,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14033 Paramount Boulevard

Taxable ValueLand$2,122,416Additions$1,539,151Total$3,661,567
Tax Record2025$48,931 ($4,078 / month)
Home Facts
Total Finished SqFt11,249 SqFtAbove Grade Finished SqFt11,249 SqFtLot Size17,540 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningPACMCountyLOS ANGELESAPN6242-034-004

Schools near 14033 Paramount Boulevard

This home is within Paramount Unified School District.
Rating
School
Type
Grades
Distance
Theodore Roosevelt
Public - K to 5
Paramount Park Middle School
Public - 6 to 8
Buena Vista High School
Public - 9 to 12
Paramount High School
Public - 9 to 12
Rating
School
Distance
Theodore Roosevelt
PublicK to 5

Paramount Park Middle School
Public6 to 8

Buena Vista High School
Public9 to 12

Paramount High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184; Marcus & Millichap, Ryan Gonzalez, DRE #01874815

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.