8219 2nd St Paramount, CA 90723
Estimated payment $11,671/month
Highlights
- No HOA
- Block Wall Fence
- No Heating
- Cooling System Mounted To A Wall/Window
About This Home
Just Listed! Exceptional investment opportunity in the city of Paramount featuring 7 units with excellent day-one cash flow and strong long-term fundamentals. Currently operating at a 6.75% CAP Rate and 10.73 GRM, this property delivers attractive in-place returns while offering investors a stable income-producing asset in a high-demand rental market. The property features an excellent unit mix of three 3-Bedroom/1-Bath units and four 2-Bedroom/1-Bath units, providing larger floor plans that appeal to families and long-term tenants. With approximately 6,006 rentable square feet situated on a 7,973 sq. ft. lot, the asset offers a desirable combination of unit size and income potential. Residents enjoy the convenience of garage and carport parking, while ownership benefits from separately metered electricity and gas, helping to control operating expenses. Located near schools, Paramount Park, major retail centers, dining, and everyday amenities, the property is positioned within a strong rental corridor that continues to attract consistent tenant demand. Offering significant cash flow with current rents in place, this is an outstanding opportunity for investors seeking a well-performing multifamily asset with strong income, desirable unit sizes, and a proven rental location.
Listing Agent
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 06/18/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 7,973 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Density is up to 1 Unit/Acre
Parking
- 6 Car Garage
- 6 Carport Spaces
- Parking Available
- Single Garage Door
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
- Flat Roof Shape
Interior Spaces
- 6,006 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 17 Bedrooms
- 7 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
Listing and Financial Details
- Legal Lot and Block 6241 / 009
- Tax Tract Number 29
- Assessor Parcel Number 6241009029
- $3,173 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 7 Units
Building Details
- 7 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $90
- Insurance Expense $5,000
- Maintenance Expense $5,250
- Trash Expense $6,078
- Water Sewer Expense $2,458
- New Taxes Expense $22,622
- Operating Expense $42,898
- Gross Income $174,672
- Net Operating Income $126,534
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,241 | $1,331,764 | $701,988 | $629,776 |
| 2024 | $18,401 | $1,305,652 | $688,224 | $617,428 |
| 2023 | $18,074 | $1,280,052 | $674,730 | $605,322 |
| 2022 | $17,616 | $1,254,953 | $661,500 | $593,453 |
| 2021 | $17,161 | $1,230,347 | $648,530 | $581,817 |
| 2019 | $17,624 | $1,193,857 | $629,296 | $564,561 |
| 2018 | $16,448 | $1,170,449 | $616,957 | $553,492 |
| 2016 | $14,765 | $1,125,000 | $593,000 | $532,000 |
| 2015 | $11,006 | $829,933 | $437,508 | $392,425 |
| 2014 | $11,274 | $813,676 | $428,938 | $384,738 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/23/2026 06/23/26 | Pending | -- | -- | -- | |
| 06/18/2026 06/18/26 | For Sale | $1,875,000 | +66.7% | $312 / Sq Ft | |
| 09/25/2015 09/25/15 | Sold | $1,125,000 | +2.3% | $188 / Sq Ft | View Prior Sale |
| 06/25/2015 06/25/15 | Pending | -- | -- | -- | |
| 06/18/2015 06/18/15 | For Sale | $1,100,000 | -- | $183 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV26133744
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.
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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