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$ 1,810,000
$ 1,875,000 3.5%
Est. payment | /mo
11 Beds
4 Baths
7,973 Sqft Lot
$ 1,810,000
$ 1,875,000 3.5%
Est. payment | /mo
11 Beds
4 Baths
7,973 Sqft Lot
Key Details
Sold Price $1,810,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV26133744
Sold Date 09/11/26
Bedrooms 11
Lot Size 7,973 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Just Listed! Exceptional investment opportunity in the city of Paramount featuring 7 units with excellent day-one cash flow and strong long-term fundamentals. Currently operating at a 6.75% CAP Rate and 10.73 GRM, this property delivers attractive in-place returns while offering investors a stable income-producing asset in a high-demand rental market. The property features an excellent unit mix of three 3-Bedroom/1-Bath units and four 2-Bedroom/1-Bath units, providing larger floor plans that appeal to families and long-term tenants. With approximately 6,006 rentable square feet situated on a 7,973 sq. ft. lot, the asset offers a desirable combination of unit size and income potential. Residents enjoy the convenience of garage and carport parking, while ownership benefits from separately metered electricity and gas, helping to control operating expenses. Located near schools, Paramount Park, major retail centers, dining, and everyday amenities, the property is positioned within a strong rental corridor that continues to attract consistent tenant demand. Offering significant cash flow with current rents in place, this is an outstanding opportunity for investors seeking a well-performing multifamily asset with strong income, desirable unit sizes, and a proven rental location.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Rosecrans Ave. East of Paramount Blvd.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6241009029
Listed by Kristopher German, DRE#01800021 RE/MAX 2000 REALTY
Bought with Kristopher German RE/MAX 2000 REALTY
Bought with Kristopher German RE/MAX 2000 REALTY
NEARBY SCHOOL & BUSINESS
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