8219 2nd ST, Paramount, CA 90723
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8219 2nd ST, Paramount, CA 90723
8219 2nd ST, Paramount, CA 90723
8219 2nd ST, Paramount, CA 90723
8219 2nd ST, Paramount, CA 90723
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8219 2nd ST Paramount, CA 90723

7,971 Sqft Lot


UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CV26133744

HOA Y/N No

Year Built 1946

Lot Size 7,971 Sqft

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area Rl - Paramount North Of Somerset

Zoning PARM*

Interior

Heating None

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Assigned, Carport, Door-Single, Garage

Garage Spaces 6.0

Carport Spaces 6

Garage Description 6.0

Fence Block

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

View None

Roof Type Flat

Accessibility None

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6241009029

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard


CRMLS Full IDX Feed (MAIN Website Search)
Listed by Kristopher German RE/MAX 2000 REALTY 909-645-0443, DRE #01800021

Nearby Locations

DON JACKS

DON JACKS

License ID: 01231532

+1(562) 201-4670

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8219 2nd ST