8219 2nd Street,Paramount, CA 90723
Paramount, CA 90723
Description
Just Listed! Exceptional investment opportunity in the city of Paramount featuring 7 units with excellent day-one cash flow and strong long-term fundamentals. Currently operating at a 6.75% CAP Rate and 10.73 GRM, this property delivers attractive in-place returns while offering investors a stable income-producing asset in a high-demand rental market. The property features an excellent unit mix of three 3-Bedroom/1-Bath units and four 2-Bedroom/1-Bath units, providing larger floor plans that appeal to families and long-term tenants. With approximately 6,006 rentable square feet situated on a 7,973 sq. ft. lot, the asset offers a desirable combination of unit size and income potential. Residents enjoy the convenience of garage and carport parking, while ownership benefits from separately metered electricity and gas, helping to control operating expenses. Located near schools, Paramount Park, major retail centers, dining, and everyday amenities, the property is positioned within a strong rental corridor that continues to attract consistent tenant demand. Offering significant cash flow with current rents in place, this is an outstanding opportunity for investors seeking a well-performing multifamily asset with strong income, desirable unit sizes, and a proven rental location.
Details
| MLS # | CV26133744 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1946 |
| Days On Site | 79 |
| Listing Provided By | RE/MAX 2000 REALTY | Kristopher German |
Features
| SQ Feet | 6,006 |
|---|---|
| Garage | 6 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 1 |
| Zoning | PARM* |
| Acreage | 0.18 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat |
|---|---|
| Lot Features | Zero To One Unit Acre |
| Fencing | Block |
Parking
| Parking Features | Assigned, Carport, Door Single, Garage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, 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: $1,875,000 low | high Med: $537,500 sqft: 6,006 low | high Med: 904 $ / sqft: $312 low | high Med: $619 On site: 79 low | high Med: 79.5 | |
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 | RL Paramount North of Somerset |
| Listing VS Median (in 90723) | |
Price: $1,875,000 low | high Med: $537,500 sqft: 6,006 low | high Med: 904 $ / sqft: $312 low | high Med: $619 On site: 79 low | high Med: 79.5 | |
 | $1,699,00015013 IndianaParamount, CA 90723 |