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$ 1,600,000
Est. payment /mo
Active
15954 Vermont Paramount, CA 90723
4 Beds
4 Baths
0.34 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26007270
Bedrooms 4
Lot Size 0.344 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
An excellent opportunity to acquire a single-story 9-unit multifamily property in Paramount, CA. Located at 15954 Vermont Avenue, this commercial asset was built in 1949. The property is made up of two adjacent four unit buildings made up of exclusively 1 bed + 1 bath apartments and a stand alone 2 bedroom + 1 bath house. The units boast total square footage of 4,443 situated on a large 14,968 square foot corner lot. A large parking lot which is accessed from Vermont Ave accommodates 11 vehicles. Additional off-street parking as well as three garages can be accessed from the alley. The property is within close proximity to the intersection of Alondra Blvd and Paramount Blvd and boasts excellent walkability to a diverse array of retail and restaurants. Nearby tenants include Starbucks, Waba Grill, IHOP, Subway, Northgate Market, Carl's Jr, Yogurt Land and Jamba Juice. The property is also walking distance to Paramount City Hall and Kindred Hospital. With more than 40% upside potential in rental income, this is the perfect opportunity for an investor to add value and achieve an exceptional return. Sale Highlights: - 8 multifamily units plus a stand-alone house all on the same parcel - Excellent location within walking distance of shops and restaurants - Large 14,968 square foot lot offering ample off-street parking - Tenants enjoy use of gated yard space - More than 40% upside in rental income
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Exit the 91 freeway at Paramount Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7103008024
Acceptable Financing Cash
Listing Terms Cash
Listed by Justin White Justin White