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Multifamily

14033 Paramount Blvd

14033 Paramount Blvd, Paramount, CA 90723

Listing Price: $3,150,000

Cap Rate
3.72%
Number of Units
12
Occupancy
97.0%
Price/Unit
$262,500
Price/Gross SF
$280.02
Gross SF
11,249

Investment Overview

Marcus & Millichap is pleased to present 14033 Paramount Blvd, a 12 unit mutli-family property located in Paramount, California. Built in 1990, the subject property consists of 11,249 rentable square feet spread throughout a .4 acre lot. The building consists of (4) 1-Bedrooms / 1-Bathroom and (8) 2-Bedroom / 2-Bathroom units. There is a shared laundry and ample covered and open parking spaces available for tenant convenience. The property is in a great location, tenants benefit from quick access to the 105 FWY which makes commutes to large employment centers much easier. The length and means of one's commute to work and how much of your day it takes to do so is a large quality of life. That said, within 2 miles there is the Lakewood Green Line Station with parking for an easy means to travel to Downtown Los Angeles. The city of Paramount is promoting development, creation of business, and local events to create a tight knit-community. Paramount is a strong rental market which has had an annual rent growth of 4.6%, mainly because of the city’s central location near large employment centers. This is a tight market with zero units delivered within the last 12 months and a vacancy rate of 2.1%. This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.

Investment Highlights

  • GREAT LOCATION; CLOSE PROXIMITY TO THE 105, 710, & 605 FREEWAYS
  • OUTSTANDING UNIT MIX OF 1 & 2 BEDROOM UNITS
  • AMPLE GATED PARKING WITH 12 COVERED AND 2 OPEN PARKING SPACES
  • THREE STORY; 1990'S CONSTRUCTION BUILDING
  • SHARED LAUNDRY ROOM AVAILABLE FOR TENANTS' CONVENIENCE
  • 2 BEDROOM UNITS INCLUDE BALCONIES WHILE MOST 1 BEDROOMS HAVE PATIO/YARDS
  • HISTORICALLY LOW FINANCING AVAILABLE FOR MULTI-FAMILY PROPERTIES

Exclusively Listed By

Multifamily

14033 Paramount Blvd

Listing Price: $3,150,000

Cap Rate
3.72%
Number of Units
12
Occupancy
97.0%
Price/Unit
$262,500
Price/Gross SF
$280.02
Gross SF
11,249

Investment Highlights

  • GREAT LOCATION; CLOSE PROXIMITY TO THE 105, 710, & 605 FREEWAYS
  • OUTSTANDING UNIT MIX OF 1 & 2 BEDROOM UNITS
  • AMPLE GATED PARKING WITH 12 COVERED AND 2 OPEN PARKING SPACES
  • THREE STORY; 1990'S CONSTRUCTION BUILDING
  • SHARED LAUNDRY ROOM AVAILABLE FOR TENANTS' CONVENIENCE
  • 2 BEDROOM UNITS INCLUDE BALCONIES WHILE MOST 1 BEDROOMS HAVE PATIO/YARDS
  • HISTORICALLY LOW FINANCING AVAILABLE FOR MULTI-FAMILY PROPERTIES

Investment Overview

Marcus & Millichap is pleased to present 14033 Paramount Blvd, a 12 unit mutli-family property located in Paramount, California. Built in 1990, the subject property consists of 11,249 rentable square feet spread throughout a .4 acre lot. The building consists of (4) 1-Bedrooms / 1-Bathroom and (8) 2-Bedroom / 2-Bathroom units. There is a shared laundry and ample covered and open parking spaces available for tenant convenience. The property is in a great location, tenants benefit from quick access to the 105 FWY which makes commutes to large employment centers much easier. The length and means of one's commute to work and how much of your day it takes to do so is a large quality of life. That said, within 2 miles there is the Lakewood Green Line Station with parking for an easy means to travel to Downtown Los Angeles. The city of Paramount is promoting development, creation of business, and local events to create a tight knit-community. Paramount is a strong rental market which has had an annual rent growth of 4.6%, mainly because of the city’s central location near large employment centers. This is a tight market with zero units delivered within the last 12 months and a vacancy rate of 2.1%. This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.

Exclusively Listed By

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