Address
7121 San Mateo Street Paramount, CA
Price
$ 1,600,000
Property Attributes
  • MLS#PW16005979
  • TypePending
  • CountyLOS ANGELES
  • CityParamount
  • AreaParamount North of Somerset
  • Zip90723
  • StylePatio Home
  • Price$ 1,600,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size0.59 Acres
Listing Provided Courtesy Of:
Ryan Gonzalez with Marcus & Millichap.
Data Source:
CRMLS
Property 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.

Price History
12/18/2016 Listed $1,600,000

General Features

Architectural Style Patio Home
Community Features Curbs, Street Lights, Sidewalks, Park
Garage Spaces 8
Garage Y/N Yes
Levels One
MLS Area RL - Paramount North of Somerset
Open Parking Spaces 13
Parking Features Covered, Driveway, Garage, Uncovered
Pool Features None
Property Type Residential Income
Sewer Unknown
Terms Cash, Cash to New Loan
Total Actual Rent 10800
Total Units 8
Water Sewer Expense 2000

Interior Features

Common Walls No Common Walls

Exterior Features

Lot Features Cul-De-Sac, Front Yard, Garden, Irregular Lot, Lawn, Near Park, Yard
Lot Size Acres 0.59
Lot Size Area 25528
Lot Size Source Assessor
Lot Size Square Feet 25528
Lot Size Units Square Feet
Number of Buildings 8
Number of Separate Electric Meters 8
Number of Separate Gas Meters 8
Number of Separate Water Meters 8
Total Parking 21
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90723

Price
AVG $660K
$1.6M
Visits
AVG 54
306
Year Built
AVG 1960
1938
Walkscore
AVG 67
55
Data Provided by Walkscore ® not using MLS data

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