16850 Verdura Ave Paramount, CA 90723

$1,800,000 Sold Price as of 10/19/2018

16 Beds
8 Baths
6,690 Sq.Ft.

Off Market

$1,800,000 Sold Price as of 10/19/2018 Refinance Your Mortgage

Map preview of 16850 Verdura Ave, Paramount, CA 90723

Property Overview: 16850 Verdura Ave Paramount, CA has 16 bedrooms, 8 bathrooms, 6,690 living square feet and 10,721 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

16850 Verdura 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 $589,000. The median price per/sqft for Paramount is $556. 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 $117,800 for the down payment and will need roughly $11,780 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 $26,400. 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 16850 Verdura Ave

Last sold for $1,800,000 on October 19th, 2018

October, 2018
Oct 27, 2018

Date

Sold

CRMLS: DW18143869

$1,800,000

Price
Oct 18, 2018

Date

Pending

CRMLS: DW18143869

$1,850,000

Price
Oct 18, 2018

Date

Active

CRMLS: DW18143869

$1,850,000

Price
Aug 16, 2018

Date

Expired

CRMLS: DW18143869

$1,850,000

Price
Jun 16, 2018

Date

Active

CRMLS: DW18143869

$1,850,000

Price
Listing provided courtesy of CRMLS

8 unit property, all units are 2 bed 1 bath , 5 of the 8 units have been rehabbed ,lots of upside in rents

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October, 2018
Oct 19, 2018

Date

Sold (Public Records)

Public Records

$1,800,000

Price
June, 2018
Jun 6, 2018

Date

Expired

CRMLS: PW18108188

$1,850,000

Price
May 31, 2018

Date

Withdrawn

CRMLS: PW18108188

$1,850,000

Price
May 17, 2018

Date

Price Change

CRMLS: PW18108188

$1,850,000

Price
May 8, 2018

Date

Active

CRMLS: PW18108188

$2,075,000

Price
Listing provided courtesy of CRMLS

The offering consists of one building that contains eight two-bedroom/one-bath units that average 836 square feet and are separately metered for gas and electricity. The property also features on-site laundry and 10 open parking spaces in front of the building. With a desirable unit mix and a good location in a solid rental market with low vacancy, 16850 Verdura Avenue presents a great opportunity for an investor to acquire an asset with steady cash flow and potential upside in rents.

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May, 2018
May 7, 2018

Date

Expired

CRMLS: PW18042176

$2,075,000

Price
Feb 22, 2018

Date

Active

CRMLS: PW18042176

$2,075,000

Price
Listing provided courtesy of CRMLS

The offering consists of one building that contains eight two-bedroom/one-bath units that average 836 square feet and are separately metered for gas and electricity. The property also features on-site laundry and 10 open parking spaces in front of the building. With a desirable unit mix and a good location in a solid rental market with low vacancy, 16850 Verdura Avenue presents a great opportunity for an investor to acquire an asset with steady cash flow and potential upside in rents.

Continue Reading
April, 2018
Apr 11, 2018

Date

Sold (Public Records)

Public Records

--

Price
August, 2017
Aug 2, 2017

Date

Sold

CRMLS: RS17160484

$1,395,000

Price
Jul 25, 2017

Date

Pending

CRMLS: RS17160484

$1,395,000

Price
Jul 14, 2017

Date

Active

CRMLS: RS17160484

$1,395,000

Price
Listing provided courtesy of CRMLS

Tax History for 16850 Verdura Ave

Assessed Value (2020): $1,836,000

Year	Land Value	Improved Value	Assessed Value
2020	$734,400	$1,101,600	$1,836,000

About 16850 Verdura Ave

Detailed summary of property

16850 Verdura Ave is categorized with a use code of Apartment House (5+ Units) in Paramount, CA 90723 and last sold on October 19, 2018 for $1,800,000. This property has 16 bedrooms, 8 bathrooms, roughly 6,690 living square feet, and sits on an approximately 10,721 square foot lot. Homes in Paramount are selling for a median price of $528,000 and a median price per square foot of $498. Based on Ardent Real Estate Group's Paramount Market Data, this home is sold 240.91% higher than the current median priced home. 16850 Verdura Ave was last sold on October 19, 2018 for $1,800,000. Local nearby listings include 5712 Oliva Ave, 5606 Wagner Ave and 6102 Premiere Ave. The average home in Paramount, CA is selling in 45 days. There are currently 29 homes for sale in the Paramount real estate market and 18 of them are single family homes while 9 of them are condos and 2 are townhomes. If you are the homeowner and looking to sell the home at 16850 Verdura 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 16850 Verdura Ave

Public county record property details

Beds: 16
Baths: 8
Year built: 1962
Sq. Ft.: 6,690
Lot Size: 10,721
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 20
APN: 7107-003-025

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

$589,000

Median List Price/Sq.Ft.

$556

Median Sold Price

$528,000

Median Sold Price/Sq.Ft.

$498

Total Inventory

Median Sale to List Price %

97.78%

Avg Days on Market

Loan Type

Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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(714) 706-1823

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