Listed by Andy Kim•DRE #01463264• New Star Realty & Investment
Listed by Jamie Kim•DRE #01909752• New Star Realty & Investment
Contact: 714-357-2220
For sale
$1,600,000
Est. $10,705/mo —
10
bd
•
6 ba
•
4,690
sq ft
15013 Indiana, Paramount, CA 90723
About this home
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.
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Around this home
Schools
K - 12
Preschool & daycare
Harry Wirtz Elementary School
Public K-5 • Assigned • 0.4mi
5/10
Paramount Park Middle School
Public 6-8 • Assigned • 0.3mi
6/10
Paramount High School
Public 9-12 • Assigned • 0.4mi
5/10
Provided by GreatSchools
About
Downtown
Downtown, located between Alondra Boulevard and Somerset Boulevard, is a civic and commercial Paramount neighborhood with a compact street grid and a City Hall campus. The neighborhood’s character concentrates around Paramount Boulevard near Alondra Boulevard, where taquerias, panaderías, small markets, and service storefronts line the sidewalks. Low-rise mid-century buildings and newer municipal facilities set a practical, workday rhythm. Paramount Park adds open lawns, courts, and community programming in walking distance of the main corridor. The Paramount Drive-In Theatres and the Paramount Iceland ice rink serve as long-running local anchors. Streets stay active with errands, events, and evening screenings.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bedrooms
Bedrooms are on the main floor
Bathrooms
Each unit has one full bathroom
Laundry & utility
Laundry facilities
Gas and electric dryer hookups
Flooring
Vinyl flooring
Exterior features
View
Home design
One story
Front-door entry
Parking
Two garage spaces
Eight uncovered parking spaces
Construction
Shingle roof
Four buildings
No common walls
Utilities
Public sewer
Public water
One water meter
Six gas meters
Six electric meters
HOA & community
Sidewalks
Rent control
Financial info
Six units
Two one-bedroom units and four two-bedroom units
Actual rents range from $1,175 to $1,430 per unit
Gross income: $95,820
Operating expenses: $31,820
Net operating income: $54,000
Tenants pay gas and electricity
Electricity and solar
View estimated energy costs and solar savings for this home
The intent and purpose of the R-M zone is to principally designate and classify certain areas within the City for development of multiple family residential housing and apartment complexes, and to provide for the integration of developments and uses of land more closely related to multiple-family residential characteristics best suited to carry out the needs of the community.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Fire house
Library
Local insights from Redfin agents
The Los Angeles County market is becoming more balanced, giving buyers a little more room to negotiate while well-priced homes can still attract strong interest. With homes taking longer to sell and buyers becoming more selective, pricing and...