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About the Listing 0173 - PHUIJUA,PFRILAU
Excellent value-add opportunity in the heart of Paramount. This rare 5-unit bungalow/cottage-style multifamily property offers a highly desirable layout consisting of one duplex and three detached units, creating a private single-family-home feel that tenants love. Properties with this type of configuration are rarely available and are highly attractive. All five units feature 2 bedroom and 1 bathroom, and each unit includes a one-car garage, a highly desirable amenity. Current rents are $2,200, $1,900, $1,900, $1,900, $1,980. Are units are now month to month. The property sits on a large approximately 0.52-acre lot and offers about 4,500+ square feet of living space, providing investors with both current income and future potential. The oversized lot may also offer potential for adding additional units (buyer to verify with the city.) Several long-term tenants provide stable occupancy, while the property presents significant upside potential through renovations and rental increases. The unique layout, garage parking, and spacious lot make this an appealing investment for buyers seeking both stability and long-term growth. Ideally located north of the California State Route 91 with convenient access to major freeways including Interstate 605, Interstate 710, and Interstate 105, providing easy connectivity to employment centers throughout Los Angeles County. Nearby shopping, dining, and entertainment can be found at Lakewood Center and Downey Landing, with convenient proximity to the job centers and amenities of Long Beach. With its rare cottage-style configuration, garage parking for every unit, stable occupancy, large lot, and strong value-add potential, this property represents an excellent opportunity for investors looking to add a well-located multifamily asset to their portfolio.
Listing Highlights
Status
Pending
Days on Site
26
Property Type
Multi-Family
MLS ®
PW26048011
Year Built
1962
Total Square Footage
4,509
Lot/Acreage
0.52
County
Los Angeles
Interior Details
- Bedrooms: 10
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Down,Bedroom on Main Level
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 5 car
- Parking Spaces: 10
- Roof: Composition
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Concrete,Door-Multi,Direct Access,Door-Single,Garage,Paved
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7107009019
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
16840 Passage Paramount, CA 90723
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