Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo 818-212-2700
$1,695,000
The spacious 11,330 square foot lot features four separate buildings, including a two-bedroom house, a triplex, and two bungalows. Overall, the majority of the units contain two bedrooms while the parcel features ample on-site parking. The property is not subject to Los Angeles rent control, allowing the owner to institute… Read More higher annual rent increase via AB 1482. The current owner has completed several interior and exterior upgrades at the property, including new exterior paint, new flooring, and new modern cabinets. The one-bedroom bungalow was constructed in 2022 and features new modern fixtures throughout. A RUBS program has been instituted at the property, helping to provide an additional revenue stream for the owner. Situated near the intersection of Somerset Boulevard and Orange Avenue, the location provides high visibility to prospective tenants and also allows for convenient access to the 91, 105, and 710 Freeways. Tenants can easily commute to some of the large industrial centers in Paramount and neighboring cities, which employ many residents in the area. Read Less
Listing Snapshot
Days Online
82
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,497
Lot Size
0.26 Acres
Year Built
1934
MLS Number
24468381
30 Days Snapshot Of 90723
$610k
+9%
(avg) sold price
9
+125%
homes sold
101
+119%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1934, Building area total: 4,497, Levels: Two, Living area: 4497, 2 stories, 4 buildings
Income
Gross income: $149,808, Net operating income: $95,863
Lot
0.2601 acres, 11,329 square feet, Size: 11,329
Parking
8 totals parking, Assigned
Property
Zoning: PARM*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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