7232 Exeter St

Paramount, CA 90723

$1,745,000
Last Sold Price
4
Beds
9
Baths
7,936 Sq. Ft.
$220 / Sq. Ft.
7,936
Sq. Ft.
$220
per Sq. Ft.
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Closed 3/31/15
Closed 3/31/15

Description

1989-constructed, all 2 Bd, 2-story, townhouse-style units with small; all have small rear yards. The units average almost 900 sq. ft. and the lot is over 18,000 sq. ft. 4 of the units have an attached 2-car garages while the other 5 have detached garages. The units, being "newer in LA apartment building standards", have separate meters and separate hot water heaters. Spacious units, gated-access parking....and almost a 6% cap by simply stabilizing rents that are in-place now. No rent control in...1989-constructed, all 2 Bd, 2-story, townhouse-style units with small; all have small rear yards. The units average almost 900 sq. ft. and the lot is over 18,000 sq. ft. 4 of the units have an attached 2-car garages while the other 5 have detached garages. The units, being "newer in LA apartment building standards", have separate meters and separate hot water heaters. Spacious units, gated-access parking....and almost a 6% cap by simply stabilizing rents that are in-place now. No rent control in Paramount. Just South of the 105, near the 710 Fwy intersection.

Property Details for 7232 Exeter Street

Parking Spaces Total
9
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7936
Assessor Parcel Number
6241023071
Property Attached YN
true
LISTING CLOSED: 03/31/2015 12:00 AM

Property Details for 7232 Exeter Street

StatusClosed
MLS #SB14221061
Days on Market162
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1989
Lot Size0.41 AC / 18,070 SF
CountyLos Angeles County
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Location

Listing Courtesy of RE/MAX Commercial & Inv Realty, Brice Head, DRE #01330706

Sold By Century 21 Care, Lidia Benchat, DRE #01238634

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Building Information for 7232 Exeter Street

Stories2Residences-Year Built1989Building Size-Lot Size0.41 AC / 18,070 SF

Payment Calculator

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$11,136 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,696

Property Taxes

$2,440

HOA Dues

$0

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Property Information for 7232 Exeter Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $11,755
  • Gross Scheduled Income: $141,060
  • Gross Spendable Income: $29,426
  • Vacancy Allowance: 4232
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $95,436
  • Gross Multiplier: 12.61
  • Cap Rate: 5.36
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $41,369
  • Operating Expense Percent: 34.30%
  • New Taxes Expense: $22,504
  • Electric Expense: $2,028
  • Insurance Expense: $2,300
  • Maintenance Expense: $7,053
  • Professional Management Expense: $0
  • Trash Expense: $2,028
  • Water Sewer Expense: $2,028
Tax / Assessment Info
  • Tax Year: 2013
  • Tax Tract Number: 11345
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 9
  • Levels: Two
  • Water: District
  • Sewer: In Street
  • Utilities: Sewer Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 9
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 9
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,306
  • Unit Type Total Rent: $5,224
  • Unit Type Pro Forma: 1395
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,306
  • Unit Type Total Rent: $6,530
  • Unit Type Pro Forma: 1395
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 9
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 7232 Exeter Street

DateEvent & SourcePriceAppreciation
Jan 1, 2023

Expired

CRMLS #TR22140032

—
Dec 31, 2022

Expired

CLAW #TR22140032MR

$3,545,000—
Aug 18, 2022

Withdrawn / Cancelled

CRMLS #TR22140032

—
DateEvent & SourcePrice
01/01/2023

Expired

CRMLS #TR22140032

—
12/31/2022

Expired

CLAW #TR22140032MR

$3,545,000
08/18/2022

Withdrawn / Cancelled

CRMLS #TR22140032

—

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

Public Records for 7232 Exeter Street

Taxable ValueLand$838,887Additions$1,258,544Total$2,097,431
Tax Record2025$29,286 ($2,440 / month)
Home Facts
Total Finished SqFt7,936 SqFtAbove Grade Finished SqFt7,936 SqFtLot Size18,070 SqFtStyleMulti-Family Res (5+ Units)Year Built1989ZoningPARM*CountyLOS ANGELESAPN6241-023-071

Schools near 7232 Exeter Street

This home is within Paramount Unified School District.
Rating
School
Type
Grades
Distance
Howard Tanner School
Public - K to 5
Frank J. Zamboni School
Public - 6 to 8
Buena Vista High School
Public - 9 to 12
Paramount High School
Public - 9 to 12
Rating
School
Distance
Howard Tanner School
PublicK to 5

Frank J. Zamboni 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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Commercial & Inv Realty, Brice Head, DRE #01330706

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.