16403 Parkshire Court, Paramount, California 90723, Paramount, 90723 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$510,000$432/sqft
Est. Value: $489,992
-3%
AboveEstimate
16403 Parkshire Court, Paramount, California 90723
2Beds
1Bath
432Sqft
3,477Lot
Price Vs. Estimate
The estimated value ($489,992.385) is $20,007.615 (3%) lower than the list price ($510,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: High School: Compton Early College High (9/10).
Top Cons:
Unpermitted Living Space: The living room/den and second bedroom are unpermitted, which could lead to legal, financing, or insurance complications and may require costly legalization or remediation.
Compared to the nearby listings
Price:$510.0K vs avg $730.0K ($-220,000)3%
Size:432 sqft vs avg 1,392 sqft3%
Price/sqft:$1.2K vs avg $53593%
More Insights
Built in 1942 (84 years old).
Condition: Built in 1942, this property features a highly outdated kitchen with tiled countertops and older appliances, and a very basic, small bathroom. While the roof and windows are newer, significant portions of the living space (living room/den and second bedroom) are unpermitted, representing a substantial legal and potential structural defect. The heating/cooling systems are also outdated (wall heater, window AC units). The 'As-Is' probate sale further indicates that a buyer will face substantial repairs and rehabilitation costs to address these issues and bring the property to modern standards.
Year Built
1942
Close
-
List price
$510K
Original List price
$510K
Price/Sqft
$1,181
HOA
-
Days on market
-
Sold On
-
MLS number
PW25233795
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Probate Sale. Limited Authority. Welcome home to this Move-In Ready home or Remodel & Redesign. 2/1 bedroom in prime area of Paramount. The home sits on corner lot. Great opportunity for homeowner or rental investment. Property has potential for ADU conversion. Attached garage could be converted into ADU. Living room/Den and 2nd bedroom are unpermitted. Front yard features avocado-peach producing trees and picket vinyl fence. Upgraded windows. Newer roof. Kitchen appliances included in the sale. Property Sold As-Is. Prime Location, near shopping centers, near Kindred Hospital, and centrally located. Near 710, 605, 91 fwys. Walking distance to schools: Paramount High School, Alondra Middle School, Paramount Park Middle School & Progress Park. Why buy a condo, when you can have freedom-privacy of a home.
C
Carolyn Delgado
Listing Agent
Nearby schools
6/10
Major Lynn Mokler School
Public,•K-5•0.4mi
6/10
Jefferson Elementary School
Public,•K-5•0.6mi
8/10
Abraham Lincoln School
Public,•K-5•0.6mi
5/10
Wesley Gaines School
Public,•K-3•0.9mi
4/10
Harry Wirtz Elementary School
Public,•K-5•1.1mi
6/10
Los Cerritos School
Public,•K-5•1.6mi
4/10
Howard Tanner School
Public,•K-5•1.7mi
5/10
Mark Keppel School
Public,•K-5•1.7mi
5/10
Theodore Roosevelt
Public,•K-5•1.8mi
7/10
Carpenter Elementary School
Public,•4-5•2.1mi
8/10
Ward Elementary School
Public,•K-3•2.2mi
4/10
Alondra Middle School
Public,•6-8•0.2mi
4/10
Leona Jackson School
Public,•4-8•1.1mi
5/10
Paramount Park Middle School
Public,•6-8•1.1mi
4/10
Frank J. Zamboni School
Public,•6-8•1.4mi
7/10
Clinton, William Jefferson School
Public,•PK-8•1.8mi
6/10
Hollydale School
Public,•K-8•2.5mi
5/10
Sussman Middle School
Public,•6-8•2.6mi
4/10
Roosevelt Middle School
Public,•6-8•3.2mi
5/10
Paramount High School
Public,•9-12•1.2mi
3/10
Dominguez High School
Public,•9-12•1.7mi
/10
Buena Vista High School
Public,•9-12•2.0mi
7/10
Downey High School
Public,•9-12•4.0mi
9/10
Compton Early College High
Public,•9-12•5.4mi
Condition Rating
Poor
Built in 1942, this property features a highly outdated kitchen with tiled countertops and older appliances, and a very basic, small bathroom. While the roof and windows are newer, significant portions of the living space (living room/den and second bedroom) are unpermitted, representing a substantial legal and potential structural defect. The heating/cooling systems are also outdated (wall heater, window AC units). The 'As-Is' probate sale further indicates that a buyer will face substantial repairs and rehabilitation costs to address these issues and bring the property to modern standards.
Pros & Cons
Pros
Great Schools: High School: Compton Early College High (9/10).
Exceptional Location & Connectivity: Centrally located in a prime area of Paramount, offering easy access to major freeways (710, 605, 91), shopping centers, Kindred Hospital, and within walking distance to multiple schools.
ADU Conversion Potential: Significant value-add opportunity with clear potential for an Accessory Dwelling Unit (ADU) conversion, including the attached garage, enhancing income or multi-generational living options.
Recent Capital Improvements: Features upgraded windows and a newer roof, reducing immediate maintenance concerns and offering peace of mind to a new owner.
Versatile Investment Opportunity: Positioned as an attractive option for both owner-occupants seeking a move-in ready home or investors looking for rental income potential.
Desirable Corner Lot with Amenities: Situated on a corner lot, providing enhanced privacy and curb appeal, complemented by mature avocado and peach trees in the front yard.
Cons
Unpermitted Living Space: The living room/den and second bedroom are unpermitted, which could lead to legal, financing, or insurance complications and may require costly legalization or remediation.
Probate Sale & As-Is Condition: Being a probate sale with limited authority and sold 'As-Is' implies a potentially longer closing process and no seller-funded repairs, placing all due diligence and repair costs on the buyer.
Limited Interior Space: With only 432 square feet and one bathroom, the property offers very compact living quarters, which may restrict its appeal to buyers needing more space or multiple bathrooms.