Highly desirable Paramount triplex! The front unit features 2 bedrooms, 1 bath, and a 1-car garage. The middle unit has 2 bedrooms and 1 bath. The back unit offers 3 bedrooms, 1.5 baths, and a 1-car garage. Two units are currently occupied by long-term tenants, while the back unit is vacant and newly remodeled, providing a steady income stream. This is an excellent investment opportunity in a prime and indemand location.
Six detached single-family homes on two separate and contiguous parcels (two triplexes on each), totaling 24,677 square feet. Additional APN: 6242-024-005. Both parcels must be purchased together with one loan. Buyer to verify the number of units, unit mix, year built, square footage, ADU potential, and any other property specifics with the City of Paramount. Seller or agent make no warranties or representations regarding these details.
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 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.
Rare opportunity to own! Situated on over half an acre (24,290 sq. ft lot), sold as a package, a single-family residence with an ADU, with triplex (3 units) with a 2 -car garage. Includes 7232 Cortland Ave.- single family home plus ADU built in 2007 on 7573 sq. ft. lot and 7230 Cortland Ave.-3 units including approved plans to build an ADU on 16,717 sq. ft. lot ** **7230 Cortland - Large lot of 16,500 (165x100) per plat map measurement -tax assessor shows 15,434 sq. ft.) and 3rd parcel with 217sq. ft. lot for a TOTAL of 16,717 sq. ft.(per measurement) 3 spacious separate houses, each house has is 1050 living sq.ft (per measurement) 3-bedroom 1 bath. There is a 2 car garage. Included in the purchase are approved plans for an ADU! There are plenty of spaces for parking. The 3 units all have separate meters for gas and electricity. 1 water meter for all three houses. **7232 Cortland – Mediterranean style single family residence built in 2007 per tax assessor on7573 sq. ft. lot(per assessor). This spacious 5-bedroom home [Tax assessor shows 4 bedroom] has 3141 living sq. ft (per assessor) offers large living room with fireplace, iron chandelier, balcony and staircase and travertine floors. An open kitchen with stainless steel built-in appliances, exotic granite countertops opens to the dining room. Downstairs master bedroom with wall-to-wall closet and full bath. Office with closet converted into a bedroom. Den with wet bar, granite countertops and sliding door to patio. Full bathroom downstairs with exotic granite shower and tub. Bright second floor has loft and laundry area. Two bedrooms with closets and travertine floors. The master suite has a fireplace, jacuzzi tub and stall shower, dual sinks (all with exotic granite) walk in closet, and balcony. In addition to the house, we have an ADU that was a garage and converted to an ADU with city permits with 441 liv. sq. ft (per measurement). ADU has kitchen with exotic granite countertops, gas range and sink. Full bath with tub and shower.
Welcome to all investors. TPRX with 4 units, legally 3 units, 4 car garage,2 carport The front house is divided into 2 bedroom units each. Great investors opportunity. Located in a nice and quiet neighborhood.
Courtesy: Mega Real Estate Advisors
Courtesy: Marcus & Millichap
Paramount is located in California. Paramount, California has a population of 53,904. Paramount is more family-centric than the surrounding county with 36.22% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Paramount, California is $60,456. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Paramount is 31.6 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 46.5 degrees. The average rainfall is approximately 13.5 inches per year, with 0 inches of snow per year.
