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.
Multi-familyProperty Type
1946Year Built
7,973 sq ftLot Size
$301Price/Sq.Ft.
6 garage spacesParking
Listed by Kristopher German•DRE #01800021• RE/MAX 2000 REALTY
Contact: 909-645-0443
Bought with Kristopher German•DRE #01800021• RE/MAX 2000 REALTY
Bankruptcy sale! Two-story, 7-unit apartment building. 5 units currently occupied; 2 units vacant. $74,400 actual annual gross income. Expenses estimated at 15%. 4 units are 2-bedroom/1-bath and 3 units are 3-bedroom/1-bath. Zoned PARM. Built in 1946 to 1956. 2 blocks south of Rosecrans Ave and 1-1/2 blocks east of Paramount Blvd. Easy access to 105 and 710 freeways.
SDMLS #301793848
Sep 25, 2015
Sold
$1,125,000
$187/sq ft
Jun 18, 2015
Listed
$1,000,000
$167/sq ft
CRMLS #DW13142363
Aug 19, 2013
Price Changed
$1,090,000
$181/sq ft
Jul 19, 2013
Listed
$999,900
$166/sq ft
CRMLS #S705254
Oct 29, 2012
Listing Removed
—
Jul 16, 2012
Listed
$899,000
$150/sq ft
CRMLS #Y1106769
May 6, 2012
Listing Removed
—
Nov 7, 2011
Listed
$799,000
$133/sq ft
CRMLS #Y1002546
Jan 23, 2011
Listing Removed
—
Apr 22, 2010
Listed
$1,085,000
$181/sq ft
CRMLS #Y806010
Dec 8, 2008
Listing Removed
—
Sep 4, 2008
Listed
$1,230,000
$205/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$19,241 (+4.6%)
$716,027 + $642,371
$1,358,398
2024
$18,401 (+1.8%)
$701,988 + $629,776
$1,331,764
2023
$18,074 (+2.6%)
$688,224 + $617,428
$1,305,652
2022
$17,616 (+2.7%)
$674,730 + $605,322
$1,280,052
2021
$17,161 (+1.9%)
$661,500 + $593,453
$1,254,953
2020
$16,849 (−4.4%)
$648,530 + $581,817
$1,230,347
2019
$17,624 (+7.2%)
$641,881 + $575,852
$1,217,733
2018
$16,448 (+3.0%)
$629,296 + $564,561
$1,193,857
2017
$15,967 (+8.1%)
$604,860 + $542,640
$1,147,500
2016
$14,765 (+34.2%)
$604,860 + $542,640
$1,147,500
2015
$11,006 (−2.4%)
$593,000 + $532,000
$1,125,000
2014
$11,274
$428,938 + $384,738
$813,676
2012
$11,280 (−2.8%)
$427,000 + $383,000
$810,000
2011
$11,607 (+2.6%)
$430,000 + $385,000
$815,000
2010
$11,312 (−1.1%)
$453,388 + $403,012
$856,400
2009
$11,440 (+53.9%)
$412,120 + $442,648
$854,768
2008
$7,435
$413,100 + $443,700
$856,800
Public record
Public record
Zoning
Beds
17
Baths
7
Stories
—
Lot width
—
Lot depth
—
Lot size
7,975 Sq. Ft.
Year renovated
1956
Sq. Ft.
6,006
Year built
1946
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
6241009029
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
RM
Multiple Family Residential Zone
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
Property details
Parking
Parking / Garage Information
# of Carport Spaces: 6
# of Garage Spaces: 6
Assigned, Carport, Garage - Single Door
Has Parking
# of Parking Spaces: 12
Interior
Laundry Information
None
Kitchen Information
Appliances: None
Cooling Information
Wall Window
Has Cooling
Interior Features
Entry Level: 1
Entry Location: 1
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 442770022
Listing Key Numeric: 442769998
Actual Rent: $1,743
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,743
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 442770023
Listing Key Numeric: 442769998
Actual Rent: $1,905
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 2
# of Garage Spaces: 1
Total Rent: $1,905
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 442769998
Unit Key Numeric: 442770024
Actual Rent: $1,975
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,975
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 442769998
Unit Key Numeric: 442770025
Actual Rent: $2,033
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $2,033
Total # of Units: 1
Unit Type 5 Information
Unit Key Numeric: 442770026
Listing Key Numeric: 442769998
Actual Rent: $2,200
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 3
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $2,200
Total # of Units: 1
Unit Type 6 Information
Listing Key Numeric: 442769998
Unit Key Numeric: 442770027
Actual Rent: $2,300
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 3
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $2,300
Total # of Units: 1
Unit Type 7 Information
Unit Key Numeric: 442770028
Listing Key Numeric: 442769998
Actual Rent: $2,400
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 3
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $2,400
Total # of Units: 1
Expenses
Trash: $6,078
Total: $42,898
Maintenance: $5,250
Insurance: $5,000
Water Sewer: $2,458
Electric: $90
New Taxes: $22,622
Multi-Unit Information
Net Operating Income: $126,534
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 6,006
Gross Spendable Income: $174,672
Gross Scheduled Income: $174,672
Gross Operating Income: $169,432
Gross Multiplier: 10.73
Gross Income: $174,672
# Of Leased Units: 7
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 7
# Of Separate Electric Meters: 7
# Of Buildings: 1
Vacancy Allowance: 5240
Exterior
Exterior Information
Roof: Flat Roof
Fencing: Blockwall
Has Fence
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 0-1 Unit/Acre
Property Information
Total # of Units: 7
Accessibility Features: None
Common Walls: 2+ common walls
Parcel Number: 6241009029
Attached Property
Total # of Stories: 2
Year Built Source: Assessor
Property ADU: No
Financial
Lease / Rental Details
Operating Expense: $42,898
Rent Control
Tenant Pays: Gas, Electricity
Total Actual Rent: $14,556
Utilities
Utilities Information
Sewer: Public Sewer
Water Available, Sewer Available, Natural Gas Available, Electricity Available
Water Source: District/Public
Location
Neighborhood Information
Community Features: Street Lighting, Sidewalks
Location Information
Latitude: 33.89854000
Longitude: -118.15508500
Directions: South of Rosecrans Ave. East of Paramount Blvd.
Road Surface Type: Paved
Zoning: PARM*
Public facts
Beds: 17
Baths: 7.0
Sq. Ft.: 6,006
Stories: —
Lot Size: 7,975 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1946
Year Renovated: 1956
County: Los Angeles County
APN: 6241009029
Home facts updated by county records on Oct 6, 2026
Other
Listing Information
IDX Contact Info: 909-645-0443
Days Active in MLS: 5
Continuous Days Active in MLS: 5
Listing Agent Information
List Agent First Name: Kristopher
List Agent Last Name: German
Listing Office Information
List Office Name: RE/MAX 2000 REALTY
Selling Agent Information
Buyer Agent First Name: Kristopher
Buyer Agent Last Name: German
Selling Office Information
Buyer Office Name: RE/MAX 2000 REALTY
Around this home
Schools
Harry Wirtz Elementary School
Public K-5 • Assigned • 0.3mi
5/10
Paramount Park Middle School
Public 6-8 • Assigned • 0.2mi
6/10
Paramount High School
Public 9-12 • Assigned • 0.3mi
5/10
Provided by GreatSchools
Climate risks
5/10 Flood Factor
Estimated 22-32% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 90° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Paramount, CA • 90723
Average low and high temperatures (°F)
71
48
72
51
74
54
73
55
75
59
79
63
83
65
86
66
84
66
79
59
72
53
70
51
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 2% for direct sun exposure in Paramount. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.