Paramount, CA 90723,14033 Paramount Boulevard
Paramount, CA 90723,14033 Paramount Boulevard
Paramount, CA 90723,14033 Paramount Boulevard
Paramount, CA 90723,14033 Paramount Boulevard
Paramount, CA 90723,14033 Paramount Boulevard
Paramount, CA 90723,14033 Paramount Boulevard
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$3,450,000

$3,150,000

9.5%
Est.Price: ?

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Est. payment /mo

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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San Diego Regional MLS (SDMLS)
Listed by Kevin King • Marcus & Millichap
Bought with NONE NONE • None MRML
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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