$3,450,000
$3,150,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
0.4 Acres Lot
SOLD DATE : 04/05/2022
Key Details
Sold Price $3,450,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22005840
Sold Date 04/05/22
Bedrooms 3
HOA Y/N No
Lot Size 0.403 Acres
Property Description
We are pleased to present 14033 Paramount Blvd, a 12 unit mutli-family property located in Paramount, California. Built in 1990, the subject property consists of 11,249 rentable square feet spread throughout a .4 acre lot. The building consists of (4) 1-Bedrooms / 1-Bathroom and (8) 2-Bedroom / 2-Bathroom units. There is a shared laundry and ample covered and open parking spaces available for tenant convenience. The property is in a great location, tenants benefit from quick access to the 105 FWY which makes commutes to large employment centers much easier. The length and means of one's commute to work and how much of your day it takes to do so is a large quality of life. That said, within 2 miles there is the Lakewood Green Line Station with parking for an easy means to travel to Downtown Los Angeles. The city of Paramount is promoting development, creation of business, and local events to create a tight knit-community. Paramount is a strong rental market which has had an annual rent growth of 4.6%, mainly because of the citys central location near large employment centers. This is a tight market with zero units delivered within the last 12 months and a vacancy rate of 2.1%. This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investors portfolio.
We are pleased to present 14033 Paramount Blvd, a 12 unit mutli-family property located in Paramount, California. Built in 1990, the subject property consists of 11,249 rentable square feet spread throughout a .4 acre lot. The building consists of (4) 1-Bedrooms / 1-Bathroom and (8) 2-Bedroom / 2-Bathroom units. There is a shared laundry and ample covered and open parking spaces available for tenant convenience. The property is in a great location, tenants benefit from quick access to the 105 FWY which makes commutes to large employment centers much easier. The length and means of one's commute to work and how much of your day it takes to do so is a large quality of life. That said, within 2 miles there is the Lakewood Green Line Station with parking for an easy means to travel to Downtown Los Angeles. The city of Paramount is promoting development, creation of business, and local events to create a tight knit-community. Paramount is a strong rental market which has had an annual rent growth of 4.6%, mainly because of the citys central location near large employment centers. This is a tight market with zero units delivered within the last 12 months and a vacancy rate of 2.1%. This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investors portfolio.
Location
State CA
County Los Angeles
Area Paramount (90723)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Acceptable Financing Cash, Exchange
Space Rent $1,125
Listing Terms Cash, Exchange
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Bought with NONE NONE • None MRML