REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,600,000

Est. payment - /mo

0.34 Acres Lot

Save

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26007270

HOA Y/N No

Year Built 1949

Lot Size 0.344 Acres

Property Sub-Type Apartment

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

Area Rk - Paramount South Of Somerset

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Total Parking Spaces 4

Private Pool No

Building

Lot Description 6-10 Units/Acre, Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7103008024

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less Info

Listed by Justin White Justin White 714.231.2537

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(714) 376-8652

diego@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

15954 Vermont Paramount, CA 90723