13811 Arthur Ave Paramount, CA 90723
Paramount AreaEstimated payment $18,592/month
Highlights
- Golf Course Community
- 0.37 Acre Lot
- Cooling System Mounted To A Wall/Window
- No Units Above
- No HOA
- Bike Trail
About This Home
Exceptional opportunity to acquire a well-maintained 9-unit multifamily property in the strong rental market of Paramount. Built in 1958, this pride-of-ownership asset offers approximately 7,434 square feet of improvements and a desirable 19-bedroom unit mix, providing stable in-place income with additional rental upside. Six of the nine units have been updated within the past decade, while separately metered gas and electricity help reduce owner expenses. The property also features 18 assigned on-site parking spaces, enhancing tenant appeal and long-term value. Conveniently located near major freeways, shopping, dining, schools, and employment centers, the property benefits from consistent rental demand. An excellent opportunity for investors seeking immediate cash flow, long-term appreciation, and value-add potential, including those completing a 1031 exchange. Financial information, rent roll, and pro forma available upon request.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 16,209 Sq Ft Lot
- No Units Above
- End Unit
- No Units Located Below
- Two or More Common Walls
- Back and Front Yard
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,434 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 19 Bedrooms
- Unit 1 Bathroom: 0
Laundry
- Laundry in unit
- Washer Hookup
Parking
- Parking Available
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Combination Of Heating Systems
- Phone Connected
- Cable TV Available
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 158
- Tax Tract Number 5792
- Assessor Parcel Number 6242022001
- $3,703 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 9 Units
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Bike Trail
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $280
- Gardener Expense $1,800
- Insurance Expense $1,768
- Other Expense $20,200
- Trash Expense $9,120
- Water Sewer Expense $3,600
- Operating Expense $2,048
- Gross Income $204,235
- Net Operating Income $167,467
Map
Home Values in the Area
Average Home Value in this Area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26158673
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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