$1,695,000
PENDING $200K PRICE DROP

8152 Mckinley Ave Paramount, CA 90723

Estimated payment $10,726/month

Total Views 21,542
12 Beds
6 Baths
5,160 Sq Ft
$328 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to All American Park
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

About This Home

The City of Paramount is ideally located within Southern California and is considered the gateway to the Los Angeles Metropolis and North Orange County. Residents of the property have easy access to multiple freeways including the 710, 105, 605, and the 5. The City is known to offer a secure quality of life while having a business friendly attitude that has created a growing retail and services sector. The property is located within two blocks of the large All American Park, which includes an updated playground and large grass area. All units are 2 Bedroom and 1 Bath and include a single car garage. Each unit is separately metered for Gas and Electric. Property is gated and fenced giving the tenants the utmost privacy. There is an on-sight laundry room for tenant convenience and gives the owner extra revenue from the leased machines. Most of these tenants have called this home for many years.

Listing Agent

Richard Bell

Bell Realty Group Brokerage Phone: 714-309-3549 License #01344469 Listed on: 03/27/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,577 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 3 Open Parking Spaces
  • 6 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Apartment
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 5,160 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 9363
  • Assessor Parcel Number 6264003018
  • $2,000 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Gardener Expense $1,800
  • Insurance Expense $5,440
  • Maintenance Expense $6,000
  • Other Expense $4,000
  • Supplies Expense $690
  • Trash Expense $5,000
  • Water Sewer Expense $8,400
  • New Taxes Expense $19,323
  • Operating Expense $52,053
  • Gross Income $88,980
  • Net Operating Income $34,257

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Price Per Unit: 282500
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Supplies Expense: 690.00
  • View: No
  • Water Sewer Expenses: 8400.00
  • Zoning: PARM*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 6264003018
  • Year Built: 1962
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 328.49

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7577.00
  • Lot Size Acres: 0.1739

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 860 Square Feet
  • Electric Expense: 1000.00
  • Gross Income: 88980.00
  • Gross Operating Income: 86311.00
  • Gross Scheduled Income: 88980.00
  • Insurance Expense: 5440.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 225.00
  • Lot Size Area: 7577.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 34257.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number Wall A C: 6
  • Number With Range: 6
  • Operating Expense: 52053.00
  • Other Expense: 4000.00
  • Other Expense Description: Cap Impr
  • Rent Control: Yes
  • Total Actual Rent: 7190.00
  • Total Expenses: 52053.00
  • Vacancy Allowance: 2669

Tax Info

  • New Taxes Expense: 19323.00
  • Tax Census Tract: 5535.03
  • Tax Lot: 30
  • Tax Tract Number: 9363
  • TaxOtherAnnualAssessmentAmount: 2000.00

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
09/01/2025 09/01/25 Pending -- -- --
07/01/2025 07/01/25 Price Changed $1,695,000 -5.6% $328 / Sq Ft
06/06/2025 06/06/25 Price Changed $1,795,000 -5.3% $348 / Sq Ft
03/27/2025 03/27/25 For Sale $1,895,000 -- $367 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25067662

California Regional Multiple Listing Service (CRMLS)