15803 Passage Avenue, Paramount, CA 90723
Property
Sold July 2024
Listing Agent: Nicholas Petrosian (DRE #01462598) · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Ronald Perez · Jason Mitchell Real Estate California · MLS #24395045 · Source: CRMLS
About this property
15803 Passage Avenue is a 4-unit multifamily investment asset located in the highly desirable rental market of Paramount. The property features (1) 3-bed/2-bath unit and (3) 2-bed/1-bath units, garage parking, and an onsite laundry facility. The city of Paramount does not have local rent control, offering significant potential for increased rents. The subject property has been owned by the same family for over 30 years and is an outstanding investment opportunity because of its great location and rental upside. The city of Paramount is subject to AB 1482, which currently allows for annual rent increases of up to 8.9%. All offers must include a current proof of funds and a pre-approval letter.
Listing description from the July 2024 sale, as reported to CRMLS.
Sale history