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Listed by Kristopher German, DRE #01800021 • RE/MAX 2000 REALTY
$ 1,875,000
Est. payment /mo
Pending
8219 2nd ST Paramount, CA 90723
7,973 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRCV26133744
Year Built 1946
Lot Size 7,973 Sqft
Source California Regional MLS
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 locatio
Location
State CA
County Los Angeles
Area Rl - Paramount North Of Somerset
Rooms
Kitchen None
Interior
Heating No Heating
Cooling Window / Wall Unit
Laundry None
Exterior
Parking Features Assigned Spaces, Carport , Garage
Garage Spaces 12.0
Pool None
View None
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 6241009029
Special Listing Condition Not Applicable
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