$1,800,000
UNDER CONTRACT

14048 Mcclure Ave Paramount, CA 90723

Estimated payment $11,827/month

Total Views 7,010
11 Beds
7 Baths
5,394 Sq Ft
$334 Price per Sq Ft

Highlights

  • 0.4 Acre Lot
  • End Unit
  • Laundry Room
  • Traditional Architecture
  • No HOA
  • Ceiling Fan

About This Home

Incredible investment opportunity in this Prime Paramount location. This 5 unit property with 6th unit option and ADU possibility exudes potential. The front 3 bed/ 2 bath home has been remodeled and is ready for top dollar rental income. There is a large studio/den (6th unit) that is also newly refreshed and vacant. 4 other units are currently occupied and include private laundry and garages. An additional private 2 car garage can be additional income or ADU conversion (7th unit possibility). The roof is approx 7-10 years old and the entire exterior was just newly painted. Tenants pay electricity and gas, with separate meters for each unit. Prime location near freeways, Downtown, Orange County, shopping, dining and schools. Don't miss this gem!

Listing Agent

Kate Olivas

First Team Real Estate Brokerage Phone: 714-392-5716 License #01911995 Listed on: 05/01/2025

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.4 Acre Lot
  • End Unit
  • 1 Common Wall
  • Front Yard

Parking

  • 6 Car Garage

Home Design

  • Traditional Architecture
  • Apartment
  • Composition Roof

Interior Spaces

  • 5,394 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 59
  • Tax Tract Number 5792
  • Assessor Parcel Number 6242034018

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $3,000
  • Insurance Expense $6,148
  • Trash Expense $3,720
  • Water Sewer Expense $2,100
  • Operating Expense $14,968
  • Net Operating Income $53,012

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 5.90
  • Price Per Unit: 300000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2100.00
  • Architectural Style: Traditional
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 6242034018
  • Year Built: 1963
  • Special Features: UnderContract

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 333.70
  • Room Type: All Bedrooms Down

Exterior Features

  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Fireplace(s), Wall Furnace
  • Laundry Features: Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 3720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 17552.00
  • Lot Size Acres: 0.4029

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 925 Square Feet
  • Average3 Bed Area: 1694 Square Feet
  • Average Studio Area: 400
  • Gross Scheduled Income: 67980.00
  • Insurance Expense: 6148.00
  • Lot Size Area: 17552.0000 Square Feet
  • Net Operating Income: 53012.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Disposal: 5
  • Number With Range: 5
  • Number With Refrigerator: 4
  • Operating Expense: 14968.00
  • Rent Control: No
  • Total Actual Rent: 5665.00
  • Total Expenses: 14968.00

Tax Info

  • Tax Census Tract: 5536.02
  • Tax Lot: 59
  • Tax Tract Number: 5792

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 For Sale $1,800,000 -- $334 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24112685

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Paramount 90723

14048 Mcclure Ave, Paramount, CA

This home is located at 14048 Mcclure Ave, Paramount, CA 90723 and is currently priced at $1,800,000, approximately $333 per square foot. This property was built in 1963. 14048 Mcclure Ave is a home located in Los Angeles County with nearby schools including Theodore Roosevelt, Paramount Park Middle School, and Paramount High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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Kate Olivas
Listing Agent
Kate Olivas
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First Team Real Estate
(310) 421-4650