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$ 2,890,000
Est. payment | /mo
7 Beds
5 Baths
0.37 Acres Lot
$ 2,890,000
Est. payment | /mo
7 Beds
5 Baths
0.37 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26158673
Bedrooms 7
Lot Size 0.372 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional opportunity to acquire a well-maintained 9-unit multifamily property in the strong rental market of Paramount. Built in 1958, this pride-of-ownership asset offers approximately 7,434 square feet of improvements and a desirable 19-bedroom unit mix, providing stable in-place income with additional rental upside. Six of the nine units have been updated within the past decade, while separately metered gas and electricity help reduce owner expenses. The property also features 18 assigned on-site parking spaces, enhancing tenant appeal and long-term value. Conveniently located near major freeways, shopping, dining, schools, and employment centers, the property benefits from consistent rental demand. An excellent opportunity for investors seeking immediate cash flow, long-term appreciation, and value-add potential, including those completing a 1031 exchange. Financial information, rent roll, and pro forma available upon request.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 710 to 105
Interior
Heating Combination Heating
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6242022001
Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, Land Contract
Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, Land Contract
Listed by Benjamin Benoit, DRE#02105802 Premier Agent Network
Nearby Locations
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