$2,890,000
About this home
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.
Facts & features
- Fireplace
- None
- Heating
- Combination
- Cooling
- Wall Window Units
- Laundry
- Common Area, Washer Hookup
- Lot size
- 0.372 acres (16,209 sq ft)
- Pool
- None
- Year built
- 1958
- Parking
- Assigned
- Area
- 699 - Not Defined
- County
- Los Angeles
- Community features
- Biking, Golf, Street Lights, Sidewalks, Urban
- Status
- Active
- Property type
- Apartment
- Days on market
- 0
- Listed
- 2026-07-20
- Terms
- Cash, Cash To Existing Loan, Cash To New Loan, Conventional, Contract, Cal Vet Loan, Exchange 1031, FHA, Fannie Mae
- Parcel #
- 6242022001
- MLS #
- SB26158673
