7121 San Mateo Street,  Paramount CA, 90723 (Residential Income)

6,868 sqft
Status: Pending
MLS#: PW16005979
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Last Updated: 12/6/2016 2:59 AM
Description for 7121 San Mateo Street Paramount, CA 90723
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
$1,600,000
Los Angeles
6,868 (approx)
PW16005979
Pending
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.
Listing Information
Property Type: Cluster, 1 Story
0.58 Acres 2,552,800 sq.ft. 6,868 (approx)
$232.96 1938
Yes- 8 spaces 1
8 Total
Neighborhood
Room Information
Exterior / Lot Features
8 Garage Spaces, 21 Parking Spaces, Covered, Driveway, Garage, Uncovered
None
No Pool
Sidewalks, Street Lights, Curbs Walk
Driving Directions
Cross Streets: Somerset Blvd & Garfield Ave
Financial Considerations
6241028006
$129,600 Income ,$42,852Expense
Listing Price History

Paramount Real Estate

Paramount is located in California. Paramount, California 90723 has a population of 54,255.

The median household income in Paramount, California 90723 is $44,167. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Paramount 90723 is 28.9 years.

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Courtesy: Marcus & Millichap Ryan Gonzalez
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Information is deemed reliable but is not guaranteed.

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