Exceptional opportunity to acquire a well-maintained 9-unit multifamily property in the strong rental market of Paramount. Built in 1958, this pride-of-ownership asset offers approximately 7,434 square feet of improvements and a desirable 19-bedroom unit mix, providing stable in-place income with additional rental upside.
Six of the nine units have been updated within the past decade, while separately metered gas and electricity help reduce owner expenses. The property also features 18 assigned on-site parking spaces, enhancing tenant appeal and long-term value.
Conveniently located near major freeways, shopping, dining, schools, and employment centers, the property benefits from consistent rental demand. An excellent opportunity for investors seeking immediate cash flow, long-term appreciation, and value-add potential, including those completing a 1031 exchange.
Financial information, rent roll, and pro forma available upon request.
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Zillow last checked:
Listing updated:
Listed by:
Benjamin BenoitDRE #02105802561-245-0560,
Premier Agent Network
Source: CRMLS,MLS#: SB26158673Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 19
Bathrooms: 17
Heating
Combination
Cooling
Wall/Window Unit(s)
Appliances
Laundry: Common Area, Washer Hookup
Features
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls,End Unit,No One Above,No One Below
Interior area
Total structure area: 7,434
Total interior livable area: 7,434 sqft
Property
Parking
Parking features: Assigned
Features
Entry location: 1
Pool features: None
Lot
Size: 0.37 Acres
Features: 6-10 Units/Acre, Back Yard, Front Yard
Details
Parcel number: 6242022001
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes
Condition
New construction: No
Year built: 1958
Utilities & green energy
Electric: Standard
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Water Available, Water Connected
Community & HOA
Community
Features: Biking, Golf, Street Lights, Sidewalks, Urban
Location
Region: Paramount
Financial & listing details
Price per square foot: $389/sqft
Tax assessed value: $1,397,108
Date on market: 7/25/2026
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,Cal Vet Loan,1031 Exchange,FHA,Fannie Mae