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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$3,100,000

Est. payment - /mo

10 Beds

7 Baths

8,782 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26175840

Bedrooms 10

Lot Size 8,782 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

A rare nine-unit offering in Paramount that combines a genuinely exceptional unit mix, turnkey renovated condition, and legitimate ADU upside all outside of local rent control. Eight (8) large three-bedroom / two-bath units at approximately 905 SF, plus one (1) one-bedroom / one-bath at 440 SF. Three-bedroom apartments are almost impossible to replicate in today's construction environment, and they drive family tenancy, longer average tenure, lower turnover cost, and rent premiums that one- and two-bedroom product simply cannot command. The property sits on a 17,524 SF lot with 7,800 SF of building area and is 100% occupied at close of escrow. The building has been fully renovated roofs, windows, and all major systems, along with unit interiors and appliances. A buyer steps into stabilized, day-one cash flow without the deferred-maintenance capital plan that typically accompanies 1962-vintage product. The property is subject only to statewide AB 1482 not a local rent-control ordinance preserving annual increases up to the statutory cap and full vacancy decontrol on turnover under Costa-Hawkins. Additional upside comes from the open parking areas which present a strong candidate ADU construction under SB 1211. Offered at $3,100,000 $344,444 per unit on $205,494 of in-place NOI, a 6.63% current cap rate going to 6.98% pro forma on turnover to market rents. Nearby 20252026 sales in the Bellflower/Paramount submarket traded at 4.64%5.75% caps and $314,063 per unit, making this an outsized in-place yield for renovated, family-sized product. Paramount is outside the City of

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Call Broker

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 6242030021

Acceptable Financing Cash

Listing Terms Cash

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Listed by John Chelius, DRE#01936287 Property Works RE, Inc.

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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13838 Arthur Paramount, CA 90723

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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