13202 Downey Ave Paramount, CA 90723

$6,777,500 Sold Price as of 02/28/2020

-- Beds
-- Baths
60,600 Sq.Ft.

Off Market

$6,777,500 Sold Price as of 02/28/2020 Refinance Your Mortgage

Map preview of 13202 Downey Ave, Paramount, CA 90723

Property Overview: 13202 Downey Ave Paramount, CA has -- bedrooms, -- bathrooms, 60,600 living square feet and 71,961 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

13202 Downey Ave is currently an off market home in the city of Paramount. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Paramount has a median list price of $535,000. The median price per/sqft for Paramount is $508. With those numbers in mind, if you are looking to purchase a median priced home in Paramount, CA and put 20% down you will need to save up $107,000 for the down payment and will need roughly $10,700 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Paramount the commission could be as much as $32,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 13202 Downey Ave

Last sold for $6,777,500 on February 28th, 2020

July, 2023
Jul 21, 2023

Date

Canceled

CRMLS: TR23033028

$23,980,000

Price
Feb 27, 2023

Date

Active

CRMLS: TR23033028

$26,350,000

Price
Listing provided courtesy of CRMLS

New Price*** Motivated Seller***1031 Upleg Identified*** 4.62% Cap Rate***Pro Forma Cap Rate at 5.89%****Assumable loan at 3.00% interest rate fixed thru Mid - 2027 We are pleased to present the rare opportunity to acquire a garden style 64-unit multi-family investment in Paramount, California. The property is located at 13202 Downey Avenue, Paramount, one of the most desirable city in Los Angeles County. This multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, just right off freeway I-105 and I-710, close to the Promenade Downey and Kaiser Permanente Downey Medical Center . The spacious unit mix consists of all two-bedroom/ two-bath units, including (20) two-bedroom/two and half-bath townhouse style units. This property offers upscale for investors to invest an prime asset with well-maintained condition and value add opportunity. In-unit laundry hook-up.

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February, 2020
Feb 28, 2020

Date

Sold (Public Records)

Public Records

$6,777,500

Price
September, 2019
Sep 26, 2019

Date

Sold (Public Records)

Public Records

$16,000,000

Price

Tax History for 13202 Downey Ave

Assessed Value (2020): $16,032,000

Year	Land Value	Improved Value	Assessed Value
2020	$6,000,000	$10,032,000	$16,032,000

About 13202 Downey Ave

Detailed summary of property

13202 Downey Ave is categorized with a use code of Apartment House (5+ Units) in Paramount, CA 90723 and last sold on February 28, 2020 for $6,777,500. This property has -- bedrooms, -- bathrooms, roughly 60,600 living square feet, and sits on an approximately 71,961 square foot lot. Homes in Paramount are selling for a median price of $650,000 and a median price per square foot of $487. Based on Ardent Real Estate Group's Paramount Market Data, this home is sold 942.69% higher than the current median priced home. 13202 Downey Ave was last sold on February 28, 2020 for $6,777,500. Local nearby listings include 11460 Samoline Ave, 8205 Arnett St and 7225 De Palma St. The average home in Paramount, CA is selling in 37 days. There are currently 23 homes for sale in the Paramount real estate market and 11 of them are single family homes while 9 of them are condos and 3 are townhomes. If you are the homeowner and looking to sell the home at 13202 Downey Ave Paramount, CA 90723 contact Ardent Real Estate Group and we will put you in touch with one of our Paramount agents.

Public Facts for 13202 Downey Ave

Public county record property details

Beds: --
Baths: --
Year built: 1987
Sq. Ft.: 60,600
Lot Size: 71,961
Stories: --

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 14-17
APN: 6266-014-059

The source for these homes facts are from public records.

90723 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$509,000

Median List Price/Sq.Ft.

$510

Median Sold Price

$650,000

Median Sold Price/Sq.Ft.

$558

Total Inventory

Median Sale to List Price %

92.87%

Avg Days on Market

Loan Type

Conventional (40%), FHA (40%), VA (0%), Cash (20%), Other (0%)

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(714) 706-1823

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