16871 Verdura Ave Paramount, CA 90723

$1,300,000 Sold Price as of 08/31/2018

10 Beds
5 Baths
4,050 Sq.Ft.

Off Market

$1,300,000 Sold Price as of 08/31/2018 Refinance Your Mortgage

Map preview of 16871 Verdura Ave, Paramount, CA 90723

Property Overview: 16871 Verdura Ave Paramount, CA has 10 bedrooms, 5 bathrooms, 4,050 living square feet and 12,612 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

16871 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 16871 Verdura Ave

Last sold for $1,300,000 on September 3rd, 2018

March, 2023
Mar 12, 2023

Date

Expired

CRMLS: 22143007

$1,550,000

Price
Apr 4, 2022

Date

Active

CRMLS: 22143007

$1,550,000

Price
Listing provided courtesy of CRMLS

Great income property opportunity in Paramount! This 12,613-sqft lot has a PARM* zoning for multi-family and currently features a 5 unit, 4,050-sqft, structure with a shared driveway. Located at the end of a cul-de-sac means quiet and privacy. This property is nearby public transportation, Northgate Market, Target, Cerritos College, Lakewood Center, Paramount Swap Meet, markets, shops, schools, freeways, and more.

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September, 2018
Sep 7, 2018

Date

Sold

CRMLS: DW18143843

$1,300,000

Price
Jul 13, 2018

Date

Pending

CRMLS: DW18143843

$1,350,000

Price
Jun 16, 2018

Date

Active

CRMLS: DW18143843

$1,350,000

Price
Listing provided courtesy of CRMLS
August, 2018
Aug 31, 2018

Date

Sold (Public Records)

Public Records

$1,300,000

Price
June, 2018
Jun 6, 2018

Date

Expired

CRMLS: PW18108173

$1,300,000

Price
May 31, 2018

Date

Withdrawn

CRMLS: PW18108173

$1,300,000

Price
May 17, 2018

Date

Price Change

CRMLS: PW18108173

$1,300,000

Price
May 8, 2018

Date

Active

CRMLS: PW18108173

$1,425,000

Price
Listing provided courtesy of CRMLS

The offering consists of three buildings that contain a desirable mix of three two-bedroom/one-bath and two three-bedroom/one-bath units*. The units are separately metered for gas and electricity. The property also features on-site parking. With a desirable unit mix, steady cash flow, and a good location in a solid rental market with low vacancy, 16871 Verdura presents a great investment opportunity. This property is offered along with 17000 Downey Avenue, an adjacent seven-unit property. The properties may be acquired together or separately. For more information, please contact the listing agents. *Note: Third bedrooms are unpermitted.

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June, 2018
Jun 4, 2018

Date

Sold (Public Records)

Public Records

--

Price
May, 2018
May 7, 2018

Date

Expired

CRMLS: PW18042187

$1,425,000

Price
Feb 22, 2018

Date

Active

CRMLS: PW18042187

$1,425,000

Price
Listing provided courtesy of CRMLS

The offering consists of three buildings that contain a desirable mix of three two-bedroom/one-bath and two three-bedroom/one-bath units*. The units are separately metered for gas and electricity. The property also features on-site parking. With a desirable unit mix, steady cash flow, and a good location in a solid rental market with low vacancy, 16871 Verdura presents a great investment opportunity. This property is offered along with 17000 Downey Avenue, an adjacent seven-unit property. The properties may be acquired together or separately. For more information, please contact the listing agents. *Note: Third bedrooms are unpermitted.

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Tax History for 16871 Verdura Ave

Assessed Value (2020): $1,326,000

Year	Land Value	Improved Value	Assessed Value
2020	$663,000	$663,000	$1,326,000

About 16871 Verdura Ave

Detailed summary of property

16871 Verdura Ave is categorized with a use code of Apartment House (5+ Units) in Paramount, CA 90723 and last sold on August 31, 2018 for $1,300,000. This property has 10 bedrooms, 5 bathrooms, roughly 4,050 living square feet, and sits on an approximately 12,612 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 146.21% higher than the current median priced home. 16871 Verdura Ave was last sold on August 31, 2018 for $1,300,000. 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 16871 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 16871 Verdura Ave

Public county record property details

Beds: 10
Baths: 5
Year built: 1962
Sq. Ft.: 4,050
Lot Size: 12,612
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13
APN: 7107-003-014

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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