UNIQUE INVESTMENT PROPERTY OR FAMILY COMPOUND! Two legal separate homes (7247 and 7249) on one parcel. Live in one and rent the other! Each unit features 2 bedrooms and one bathroom. Back house (7249) has an extra room that can be used as a third bedroom or den. Back house (7249) also has an attached 1 car garage. Room to add an ADU for extra income, long driveway for added parking. Sold AS IS Condition. Property is conveniently located near schools, shopping area, public transportation and easy access to 91 and 710 freeways.
Welcome to 7240 Richfield Street, your new investment property! This property includes 5 freestanding bungalows each with its own driveway and small yard. Four of the units have an attached 1 car garage. Tenants enjoy single-family comforts, making these highly desired units in the rental market. The property has been well-kept by its current owners. The three front units feature roofs that are less than 3 years old. Each property comes with its own electric and gas meter, while the all units share one water meter. Rents close to market providing a steady income flow. There are 4 2-bedroom 1 bathroom units ranging from 750-960 sq ft. There is one 3-bedroom 1 bathroom at 1,080 square feet. Several units are renovated. Property is conveniently located near 105 and 710 freeways providing easy access for commuters.
We are pleased to present 16101 Ansmith Ave, an 8-unit multi-family property located in Paramount, California. Built in 1964, the subject property consists of approximately 6,768 rentable square feet spread throughout a .38-acre lot. The building consists of all (8) 2-Bedroom / 1 Bathroom single story duplex style units. Each unit comes with a dedicated single-car garage on-site, providing added convenience for residents. The property at 16101 Ansmith Ave is situated in a prime location in Paramount, CA, offering tenants convenient access to major transportation routes. Proximity to the 710 Freeway ensures shorter commutes to significant employment centers, enhancing residents' quality of life. Paramount is a city committed to community development, actively supporting local businesses and organizing events to foster a close-knit neighborhood. The city's Community Services Department offers a wide array of recreational activities, classes, and services for all age groups, contributing to a vibrant community atmosphere. 16101 Ansmith Ave combines strategic location advantages with the benefits of a supportive and dynamic community, making it an attractive option for residents seeking both convenience and a vibrant neighborhood. This well-located asset offers a great unit mix and strong rental demand in the area, making it an excellent opportunity for an investor looking to expand their portfolio.
First time on the market in over 50 years! This is the perfect opportunity for an owner-user investment property located in the heart of downtown Paramount. It is located on a 15,006 Sqft lot with approximately 4,380 Sqft for all buildings combined. This property features a Pet Store retail store front with long-term tenants (1640SF), a beautiful detached 3 bedroom 1 bath single family home, and 3 tenant-occupied 1 bedroom, 1 bath units. The 3 bedrooms and 1 bath home consists of approximately 1138 Sqft of living area including inside laundry room, an extra-long 1 car garage plus carport space and additional storage inside the garage. It was recently painted inside and out. The new wood-look laminate flooring was installed throughout and the full bath was remodeled including lovely white & gray tile surround at the tub, a vanity and new fixtures. Features on this home include a spacious front porch, wainscotting in the living and dining rooms, a window seat in the dining room, custom woodwork, a private enclosed backyard and plenty of parking. At the rear of the lot are the 3 rental units which are currently tenant occupied: (1) 1 bedroom, 1 bath ground level unit with laundry, located behind the pet store (486 SF). (2) 1 bedroom, 1 bath upstairs unit with an office, laundry and 2 single car garages below it (630 SF). (3) 1 bedroom, 1 bath ground level unit with laundry and enclosed yard located behind the house (486SF). There is additional open storage space on the property which is also rented out. There is gated access to the rear of the property from the alley which all tenants use except for the 3 bedroom home. C-M zoning, Commercial Manufacturing”, allows for some C-3 “General Commercial” uses, the list is EXTENSIVE as for probable uses! See the additional supplements section for Zoning Map and city of Paramount Municipal Code showing permitted uses. Buyer to verify all information with the city. Property has 5 Electrical boxes, 5 Gas Meters and 2 water Meters. Electricity and Gas paid by tenants and water and trash paid by owner. Convenient access to the 91, 710 and 105 Freeways. PANERA BREAD and SPROUTS are being built the next block over on Somerset and Paramount Blvd according to the city!!!
Exceptional value-add opportunity in the heart of Paramount. This well-maintained 3-unit multifamily property with a bonus garage conversion offers strong in-place income with significant upside rent potential. The building has been consistently cared for over the years and features stable, paying tenants, providing immediate cash flow while allowing an investor to strategically increase returns over time. Rents are currently below market, creating a clear path for income growth through gradual rent adjustments and operational optimization. The property shows pride of ownership with minimal deferred maintenance, making it ideal for investors seeking a low-risk asset with upside rather than a heavy rehab project. Front unit 3 bed 1 bath 2nd unit 2 bed 1 bath 3rd unit 2 bed 2 bath 4th unit 1 bed 1 bath garage conversion (not sure if permitted, buyer to do due diligence) garage is converted and done in workmanlike manner and has been rented for years. Current rent is $1500 which is not included in the rents on unit info page With solid fundamentals, long-term tenancy, and future appreciation potential, 7032 Somerset is a compelling opportunity for investors looking to enhance yield in a strong rental market.
This well-maintained duplex, located in the heart of Paramount, offers a unique opportunity for both experienced investors and owner-occupants seeking additional income or flexible living arrangements. The front unit features two bedrooms and one bathroom, a private entrance, and appealing curb appeal. An extended driveway leads to a one-car detached garage. The rear unit includes one bedroom, one bathroom, a private entrance, and a private yard. The back house offers parking for three vehicles in the rear, with convenient alley access. This property is centrally located close to major freeways and shopping centers. Don't miss out on this excellent investment opportunity in one of Paramount's most sought-after neighborhoods.
"BACK ON MARKET!!!!!" Great Investment Opportunity on this Prime Location, corner lot duplex which is literally across the street from the City of Downey. This SE corner property of 7590 SqFt has the potential to build an ADU on the Gardendale side of the lot with the existing duplex sits on the rear of the lot facing Brock St. Lots of potential here for future growth! Both units currently rented to long term tenants. This property is situated with close access to 105, 605 & 710 freeways and with shopping, restaurants, etc. near by.
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.
