16436 Indiana Avenue

Paramount, CA 90723

$1,398,000
Price
Beds
4,564 Sq. Ft.
$306 / Sq. Ft.
4,564
Sq. Ft.
$306
per Sq. Ft.

Description

Single-Family-Style Income property which features a unit mix of 3 X one-bedroom units, 2 X two-bedroom units, and 1 X three-bedroom unit. The units have been rented long-term with tenants paying half of the rent market value, giving a great opportunity for any buyer or investor to come here and increase the rents. Each unit is separate with its own roof. All one-bedroom units have a grass area on each side, giving enough room to add on another 200-300 sqft; Potential for More Income in the future!...Single-Family-Style Income property which features a unit mix of 3 X one-bedroom units, 2 X two-bedroom units, and 1 X three-bedroom unit. The units have been rented long-term with tenants paying half of the rent market value, giving a great opportunity for any buyer or investor to come here and increase the rents. Each unit is separate with its own roof. All one-bedroom units have a grass area on each side, giving enough room to add on another 200-300 sqft; Potential for More Income in the future! There is additional permitted 300-400 sqft. in one of the two-bedroom units; a previous garage converted to its now kitchen and dining area space. Main house exterior features a white picket fence, Separate Driveway, 2-Car Garage, and landscape in the its Front and Backyard. An upgraded Granite kitchen countertop and a Fireplace in the main house, both uniquely unite the pride of ownership quality. There is an additional added bedroom in the main house, behind the kitchen, that also leads to the backyard. This one-of-a-kind property also provides a Common Driveway for On-Site Parking for the rear two-bedroom units, and plenty of Additional On-Street Parking on the wide street of Indiana Avenue... And as if that wasn't great enough... there are Security Doors on all units, Separate Gas Meters, Separate Electrical Meters, Ceiling Fans, and Wall Heater and A/C units in each home. Unlimited Upside Potential!
  1. Listed by Tiffani Herron • DRE #02075857 • Brokerage DRE #02078798 • Ambiance Realty

Property Details for 16436 Indiana Avenue

Total Units
6.0
Building Area Total
4564
Building Area Units
Square Feet
Zoning
PARM*
Parcel Number
7103018012
Area
Paramount South of Somerset (RK)
Directions
West of Downey Ave.
LISTING UPDATED: 09/01/2020 08:20 AM

Property Details for 16436 Indiana Avenue

StatusActive
MLS #DW20161656
Days on Market1589
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1925
Lot Size0.34 AC / 15,002 SF
CountyLos Angeles County

Building Information for 16436 Indiana Avenue

Stories-Residences-Year Built1925Building Size-Lot Size0.34 AC / 15,002 SF

Property Information for 16436 Indiana Avenue

Income / Expense / Tax Details
Expense Details
  • Operating Expense: $30,000
  • Expense Year: $2,020
  • Insurance Expense: $3,713
  • Professional Management Expense: $0
  • Trash Expense: $648
  • Water Sewer Expense: $1,560
  • Real Estate Tax Expense: $18,081
Tax / Assessment Info
  • Tax Year: 2020
  • Tax Annual Amount: $18,081
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Roof: Shingle
  • Fence: Yes
  • Fencing: Fair Condition, Wood
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Front Yard, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Park Nearby, Value In Land, Yard
  • Land Use: Multi-Family
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Area: 1284
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: The main house includes: a 2 CAR GARAGE, DRIVEWAY, CURBS, CEILING FANS, ...
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $700
  • Unit Type Area: 1028
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: WASHER/DRYER HOOKUPS, SEPARATE GAS AND ELECTRICAL METERS. SPACE FOR PARK...
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $700
  • Unit Type Area: 408
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
  • Unit Type Description: SEPARATE GAS AND ELECTRICAL HOOKUPS. EACH UNIT HAS A GRASS AREA FOR LEIS...
Unit Information
  • Number Of Units Leased: 4
  • Number Of Buildings: 6

Property History for 16436 Indiana Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 16436 Indiana Avenue

Taxable ValueLand$571,200Additions$244,800Total$816,000
Tax Record2024$11,688 ($974 / month)
Home Facts
Total Finished SqFt4,564 SqFtAbove Grade Finished SqFt4,564 SqFtLot Size15,002 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningPARM*CountyLOS ANGELESAPN7103-018-012

Schools near 16436 Indiana Avenue

This home is within Paramount Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Major Lynn Mokler School
PublicK to 5

Alondra 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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16436 Indiana Avenue is a multi-family home for sale in Paramount, CA 90723. This property was listed for sale on August 14, 2020 by Ambiance Realty, it's currently listed at $1,398,000. It has been on the market for a total of 1589 days and was last sold on November 4, 2022. This listing's school district is Paramount Unified School District. Nearby schools include Major Lynn Mokler School, Alondra Middle School and Buena Vista High School. 16436 Indiana Avenue is a 0-bed, 0-bath, 4,564 sqft multi-family home built in 1925.

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Listing Courtesy of Ambiance Realty, Tiffani Herron, DRE #02075857

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.