16243 Georgia Ave Paramount, CA 90723

2 beds · 1 bath · 1,720 sq ft · Lot Size: 7,502 sq ft · Single Family Home · Paramount
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16243 Georgia Ave is in the Paramount neighborhood of Paramount, CA. It is located in Los Angeles County and ZIP code 90723. This Single Family Home was built in 1938 and is approximately 87 years old. The single family home spans 1720 sq ft with 2 bedrooms and 1 bathroom and sits on a 7502 sq ft lot. According to public records, it was last sold in 2023 for $675,000. The Paramount area of Paramount has 1228 residential homes. Analyze and compare real estate investment strategies for properties like this home at 16243 Georgia Ave Paramount, CA 90723 with Property Intel by Whitepages.

Investment Potential for 16243 Georgia Ave

The property has a current estimated value of $747,875, which is 29% above the neighborhood median, based on public records. It last sold on August 01, 2023 for $675K. Projected long-term
is $47,400 annually ($3,950 per month) with a 96% occupancy rate.

Long-Term

Gross Rental
$47,400 per year($3,950 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 90723 zip code
 
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Owners & Occupancy for 16243 Georgia Ave

This property is owned by Juan Carlos Cortez. Owner contact information includes 2 phone numbers and 5 email addresses.

Property Owners

Cell Phone(310) ***-****
Residence*************
Landline(213) 388-4369
Distance from Property**********
Email Address***************@gmail.com
OccupationSales Representative, Sunrise Dairy Inc
Cell Phone(562) ***-****
Residence*************
Landline(718) 674-6147+ 6 more
Distance from Property**********
Email Address************@hotmail.com

Property Ownership Information

Purchase DateAugust 01, 2023
Property Tax Amount$4,929 in 2023
Purchase Price$675,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 72
Resident 2***************** age 67
Resident 3************
Resident 4*************
Resident 5***************** age 46
Resident 6****************** age 47
Resident 7**********

Property Details for 16243 Georgia Ave

Property Details

Property Sq Ft

Living Area

1,720 sq ft

Compare to Paramount

Lot Size

7,502 sq ft

Compare to Paramount

Price Per Sq Ft

Living Area

$435 / sq ft

Compare to Paramount

Lot Size Area

$100 / sq ft

Compare to Paramount
Property condition, age, exterior, etc. for 16243 Geor…
Longitude: -118.156439 Latitude: 33.886032 Parcel Number (APN): 7103-013-018…
Mortgage originated on through lender: Genhome Mtg Corp for$******View Mortgage Details
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Market Benchmarks

Compare data for 16243 Georgia Ave in Los Angeles County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$747,875
$561,307
$186,568 (33%)
$704,713
$216,875 (31%)
YoY Price Change
1.67%
-112%
Year Built
1938
1952
-14 years
Living Space
1,720 sq ft
1,134 sq ft
586 (52%)
$ Per Living Sq Ft
$435
$494
-$59 (-12%)
Lot Size
7,502 sq ft
6,300 sq ft
1202 (19%)
$ Per Lot Sq Ft
$100
$97
$3 (3%)

Net Operating Income
$31,816
-$1,114 (-4%)
Annual Revenue
$47,400
$46,200
$1,200 (3%)
$11,934
$4,764 (40%)
Net Operating Income
$31,816
-$1,114 (-4%)
Cap Rate
4.88%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians