7121 San Mateo St., Paramount, CA 90723 - PW16005979 - iPro Real Estate
iPro Real Estate

iPro Real Estate

7121 San Mateo St.
Paramount, CA 90723

Pending, Multi-Family/Income Sale

For Sale

$1,600,000 $62.68 per sqft

Free Professional CMA

Listing ID : PW16005979

  • Beds

    9
  • Lot Size

    25,526 Sqft
  • Year

    1938

Description

We are pleased to present 7121 & 7126 San Mateo Street, an eight unit multifamily community located between Rosecrans Avenue and Somerset Boulevard just east of Orange Avenue in the great rental market of Paramount, CA. Located at the end of a quiet residential cul-de-sac, the subject property consists of two separate parcels, one built in 1938 and the other in 1963. The single-story property offers approximately 6,868 rentable square feet on a very large 25,528 square foot lot. The property comprises of 7 two bedroom/one bathroom units, and 1 three bedroom/two bathroom unit. Each unit has its own private lawn, garage, and open parking spaces. The buildings are separately metered for gas and electricity and each unit has its own water heater. This is a rare opportunity to acquire a quality add-value asset in the excellent rental market of Paramount, CA. The outstanding location, unit mix, and value-add opportunity would make this a great addition to any investor's portfolio. *Please note this is for the sale of the five unit building at 7121 San Mateo Street and the three unit building at 7126 San Mateo Street, properties to be sold together.

Details

Type: Multi-Family/Income Sale 
County: Los Angeles 
Tax ID: 6241028006
Net Operating Income: $82,860 
Days on Market: 2,324 
Number of Units: 8 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: See Remark 

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Interactive

33.899075 -118.174454 $1,600,000 PW16005979
7121 San Mateo St., Paramount, CA 90723
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Area Information 90723

Population:

54,366 Up .02% since 2010
Average Income:
$64,428
Average Age:
30Years
Gender:
48.66%Male
51.34%Female
Households:
14,08751.29% with children
Average Value:
$521,874
Occupancy:
40.76%Owned
59.24%Rented
4.63%Vacant
Education:
29.07%High School
4.51%Associate
7.22%Bachelor
2.22%Graduate
Average Residency:
19Years
Crime Rate:
Below Average
Annual Rainfall:
14.32Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Average

Tax Assessments

Value

  • Land $294,738
  • Improvements $442,109

  • Total $736,847

Property Tax

  • 2021 $10,956

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Listed by Ryan Gonzalez with Marcus & Millichap