7311 Cortland Ave Paramount, CA 90723

3 beds · 2 baths · 1,643 sq ft · Lot Size: 5,862 sq ft · Single Family Home · Paramount
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7311 Cortland 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 1979 and is approximately 46 years old. The single family home spans 1643 sq ft with 3 bedrooms and 2 bathrooms and sits on a 5862 sq ft lot. The Paramount area of Paramount has 1753 residential homes. Analyze and compare real estate investment strategies for properties like this home at 7311 Cortland Ave Paramount, CA 90723 with Property Intel by Whitepages.

Investment Potential for 7311 Cortland Ave

The property has a current estimated value of $695,044, which is 4% above the neighborhood median. Projected long-term rental income is $45,000 annually ($3,750 per month) with a 96% occupancy rate.

Long-Term

Gross Rental
$45,000 per year($3,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 90723 zip code
 
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Owners & Occupancy for 7311 Cortland Ave

No contact information is available.

Occupancy

Resident 1************** age 47
Resident 2************** age 60
Resident 3*************** age 37
Resident 4********************* age 57

Property Details for 7311 Cortland Ave

Property Details

Property Sq Ft

Living Area

1,643 sq ft

Compare to Paramount

Lot Size

5,862 sq ft

Compare to Paramount

Price Per Sq Ft

Living Area

$423 / sq ft

Compare to Paramount

Lot Size Area

$119 / sq ft

Compare to Paramount
Property condition, age, exterior, etc. for 7311 Cortl…
Longitude: -118.172838 Latitude: 33.913872 Parcel Number (APN): 6236-015-013…
Mortgage originated on through lender: Biller Doyle E Family Trust for$*****View Mortgage Details
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Market Benchmarks

Compare data for 7311 Cortland Ave in Los Angeles County to the median in the neighborhood area and surrounding markets, where available.
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Property
State
Difference
$695,044
$643,512
$51,531 (8%)
$806,439
$50,047 (6%)
YoY Price Change
1.38%
306%
Year Built
1979
1971
8 years
Living Space
1,643 sq ft
1,518 sq ft
125 (8%)
$ Per Living Sq Ft
$423
$429
-$6 (-1%)
Lot Size
5,862 sq ft
7,020 sq ft
-1158 (-16%)
$ Per Lot Sq Ft
$119
$93
$26 (28%)

Net Operating Income
$29,327
-$2,611 (-9%)
Annual Revenue
$45,000
$45,600
-$600 (-1%)
$13,826
$4,458 (32%)
Net Operating Income
$29,327
-$2,611 (-9%)
Cap Rate
4.12%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians