16223 Georgia Ave Paramount, CA 90723

3 beds · 1 bath · 1,362 sq ft · Lot Size: 7,502 sq ft · Single Family Home · Paramount
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16223 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 1927 and is approximately 98 years old. The single family home spans 1362 sq ft with 3 bedrooms and 1 bathroom and sits on a 7502 sq ft lot. According to public records, it was sold for $199,500. The Paramount area of Paramount has 1753 residential homes. Analyze and compare real estate investment strategies for properties like this home at 16223 Georgia Ave Paramount, CA 90723 with Property Intel by Whitepages.

Investment Potential for 16223 Georgia Ave

The property has a current estimated value of $750,779, which is 13% above the neighborhood median, based on public records. It last sold for $199,500. 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 16223 Georgia Ave

This property is owned by Susana Perez. Owner contact information includes 2 phone numbers and 2 email addresses.

Property Owners

Cell Phone(562) ***-****
Residence*************
Landline(562) 408-1293
Distance from Property**********
Email Address*********@hotmail.com
Residence*************
Landline(562) 408-1293
Distance from Property**********

Property Ownership Information

Property Tax Amount$4,887 in 2023
Purchase Price$199,500

Occupancy

Current Occupancy*****View Occupancy
Resident 1************ age 29
Resident 2****************** age 39
Resident 3************** age 67
Resident 4************ age 52
Resident 5************** age 33
Resident 6**************** age 53

Property Details for 16223 Georgia Ave

Property Details

Property Sq Ft

Living Area

1,362 sq ft

Compare to Paramount

Lot Size

7,502 sq ft

Compare to Paramount

Price Per Sq Ft

Living Area

$551 / sq ft

Compare to Paramount

Lot Size Area

$100 / sq ft

Compare to Paramount
Property condition, age, exterior, etc. for 16223 Geor…
Longitude: -118.156442 Latitude: 33.886581 Parcel Number (APN): 7103-013-022…
Mortgage originated on through lender: Great Western (sav & Loan) for$******View Mortgage Details
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Discover more single family homes near 16223 Georgia Ave in Paramount, California. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 16223 Georgia Ave in Los Angeles County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$750,779
$643,512
$107,266 (17%)
$806,439
$118,727 (15%)
YoY Price Change
1.38%
60%
Year Built
1927
1971
-44 years
Living Space
1,362 sq ft
1,518 sq ft
-156 (-10%)
$ Per Living Sq Ft
$551
$429
$122 (28%)
Lot Size
7,502 sq ft
7,020 sq ft
482 (7%)
$ Per Lot Sq Ft
$100
$93
$7 (8%)

Net Operating Income
$29,327
$1,396 (5%)
Annual Revenue
$47,400
$45,600
$1,800 (4%)
$13,826
$2,851 (21%)
Net Operating Income
$29,327
$1,396 (5%)
Cap Rate
4.12%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians