Property · 2 recorded sales since 2017
Listing Agent: David Gomez (DRE #01805497) · Listing Office: Realty Executives Com. & Res. · Contact: 562-205-1700 · Bought with: Oscar Jara · Universal Property Brokers · MLS #DW21058146 · Source: CRMLS
We are pleased to exclusively offer "For Sale" this beautiful "Turn-Key" 4 unit Multi-family investment located in the very desirable city of Paramount (located 1 block South of Downey.) The subject property has been well maintained with over $100,000 in capital improvements done in 2019. All 4 units have similar floor plans and "ALL" have newer and updated flooring throughout, fixtures, kitchens, bathrooms, windows and interior paint. All units have interior laundry hook-ups and a one-car garages. All rental units are separately metered for Electricity & Gas while the owner pays for Water & Trash. The unit mix consist of perfect size (819 Square feet) 2 bedroom/ 1 bath Units. The exterior building has newer paint throughout and Gorgeous Stones in the front wall. This prime location property adjacent to Downey, market rents, rare 5% Capitalization Rate and limited inventory is perfect for the 1031 Exchange buyer, an investor that may want to live on one of the units or just an investor looking to add to their growing portfolio. Just minutes to the 105, 710 and 605 Freeways and close distance to Downey's retail and dining options.
Listing description from the May 2021 sale, as reported to CRMLS.