Description
Exceptional opportunity to acquire a well-located 6-unit multifamily property in the heart of Paramount. Situated on Indiana Avenue, this unique asset consists of six units across three separate APNs and offers a desirable low-density layout with a rare standalone-style configuration that provides residents with a greater sense of privacy compared to traditional apartment complexes. The property includes one front single-family residence at 15013 Indiana Ave featuring 2 bedrooms, 1 bathroom, and a spacious private yard. Two units at 15013 1/2 and 15013 1/4 Indiana Ave each offer 2 bedrooms, 1 bathroom, and a private one-car garage. One unit at 15015 Indiana Ave features 2 bedrooms, 1 bathroom, and dedicated parking. Two additional units at 15011 1/2 and 15011 1/4 Indiana Ave each offer 1 bedroom, 1 bathroom, and dedicated parking. Additional amenities include ample on-site parking and garage spaces. The roofs on the front and rear structures were replaced less than one year ago. Each unit is separately metered for gas and electricity, while all units share a single water meter. Conveniently located near the 91, 710, 605, and 105 Freeways, the property offers excellent access to major employment centers throughout Los Angeles and Orange County. Nearby shopping, dining, and entertainment destinations include Paramount Towne Center, Lakewood Center, and Downey Landing. Located in an established rental market, the property offers the potential for future income growth through strategic rental adjustments and property improvements. With stable in-place income, a desirable infill location, and opportunities for long-term appreciation, this property presents an attractive investment opportunity.
Details
| MLS # | PW26111154 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 50 |
| Listing Provided By | New Star Realty & Investment | Andy Kim |
Features
| SQ Feet | 4,690 |
|---|---|
| Garage | 2 |
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 4 |
| Acreage | 0.41 |
| Property View | Yes |
Interior
| Interior Features | All Bedrooms Down, Bedroom On Main Level |
|---|
Exterior
| Roof | Shingle |
|---|---|
| Lot Features | Zero To One Unit Acre |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Paramount |
| Zip Code | 90723 |
| Area | RL Paramount North of Somerset |
| Listing VS Median (in 90723) | |
Price: $1,699,000 low | high Med: $535,000 sqft: 4,690 low | high Med: 1,080 $ / sqft: $362 low | high Med: $495 On site: 50 low | high Med: 125 | |
Market Activity 90723
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Paramount |
| Zip Code | 90723 |
| Area | RL Paramount North of Somerset |
| Listing VS Median (in 90723) | |
Price: $1,699,000 low | high Med: $535,000 sqft: 4,690 low | high Med: 1,080 $ / sqft: $362 low | high Med: $495 On site: 50 low | high Med: 125 | |
 | $1,649,00015323 ParamountParamount, CA 90723 |
 | $1,649,00015323 Paramount BoulevardParamount, CA 90723 |