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.
Details
| MLS # | SB26158673 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 47 |
| Listing Provided By | Premier Agent Network | Benjamin Benoit |
Features
| SQ Feet | 7,434 |
|---|---|
| Story(s) | 2 |
| Units | 9 |
| Building(s) | 3 |
| Acreage | 0.37 |
| Golf Course | Yes |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Combination |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Six To Ten Units Acre, Back Yard, Front Yard |
|---|
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Water Available, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Biking, Golf, Street Lights, Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Paramount |
| Zip Code | 90723 |
| Area | 699 Not Defined |
| Listing VS Median (in 90723) | |
Price: $2,890,000 low | high Med: $532,000 sqft: 7,434 low | high Med: 1,400 $ / sqft: $389 low | high Med: $402 On site: 47 low | high Med: 150.5 | |
Market Activity 90723
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Paramount |
| Zip Code | 90723 |
| Area | 699 Not Defined |
| Listing VS Median (in 90723) | |
Price: $2,890,000 low | high Med: $532,000 sqft: 7,434 low | high Med: 1,400 $ / sqft: $389 low | high Med: $402 On site: 47 low | high Med: 150.5 | |
 | $3,100,00013838 ArthurParamount, CA 90723 |