8504 Elburg St C Paramount, CA 90723

3 beds · 2 baths · 1,193 sq ft · Lot Size: 145,471 sq ft · Residential Condominium · Paramount
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8504 Elburg St C is in the Paramount neighborhood of Paramount, CA. It is located in Los Angeles County and ZIP code 90723. This Residential Condominium was built in 1978 and is approximately 47 years old. The residential condominium spans 1193 sq ft with 3 bedrooms and 2 bathrooms and sits on a 145471 sq ft lot. According to public records, it was last sold in 2016 for $242,000. The Paramount area of Paramount has 696 residential homes. Analyze and compare real estate investment strategies for properties like this home at 8504 Elburg St C Paramount, CA 90723 with Property Intel by Whitepages.

Investment Potential for 8504 Elburg St C

The property has a current estimated value of $449,373, which is 9% below the neighborhood median, based on public records. It last sold on March 21, 2016 for $242K. Projected long-term
is $60,000 annually ($5,000 per month) with a 96% occupancy rate.

Long-Term

Gross Rental
$60,000 per year($5,000 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 90723 zip code
 
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Owners & Occupancy for 8504 Elburg St C

No contact information is available.

Occupancy

Resident 1*********************** age 31
Resident 2************** age 43

Property Details for 8504 Elburg St C

Property Details

Property Sq Ft

Living Area

1,193 sq ft

Compare to Paramount

Lot Size

145,471 sq ft

Compare to Paramount

Price Per Sq Ft

Living Area

$377 / sq ft

Compare to Paramount

Lot Size Area

$3 / sq ft

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Property condition, age, exterior, etc. for 8504 Elbur…
Longitude: -118.150976 Latitude: 33.905254 Parcel Number (APN): 6266-031-198…
Mortgage originated on through lender: Bay Equity Llc for$******View Mortgage Details
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Market Benchmarks

Compare data for 8504 Elburg St C in Los Angeles County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$449,373
$642,276
-$192,903 (-30%)
$961,805
-$384,771 (-40%)
YoY Price Change
0.82%
1613%
Year Built
1978
1987
-9 years
Living Space
1,193 sq ft
1,547 sq ft
-354 (-23%)
$ Per Living Sq Ft
$377
$434
-$57 (-13%)
Lot Size
145,471 sq ft
26,929 sq ft
118542 (440%)
$ Per Lot Sq Ft
$3
$25
-$22 (-88%)

Net Operating Income
$30,287
$14,674 (48%)
Annual Revenue
$60,000
$45,000
$15,000 (33%)
$13,665
$1,374 (10%)
Net Operating Income
$30,287
$14,674 (48%)
Cap Rate
4.55%
Home Value Comparison: Property vs. Local and Regional 3-Bed Residential Condominium Medians