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15803 Passage AVE Paramount, CA 90723
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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,448 sqft
Price per Sqft $362
MLS Listing ID 24395045
Sold Date 07/10/24
Bedrooms 9
HOA Y/N No
Year Built 1963
Lot Size 6,390 Sqft
Property Description
15803 Passage Avenue is a 4-unit multifamily investment asset located in the highly desirable rental market of Paramount. The property features (1) 3-bed/2-bath unit and (3) 2-bed/1-bath units, garage parking, and an onsite laundry facility. The city of Paramount does not have local rent control, offering significant potential for increased rents. The subject property has been owned by the same family for over 30 years and is an outstanding investment opportunity because of its great location and rental upside. The city of Paramount is subject to AB 1482, which currently allows for annual rent increases of up to 8.9%. All offers must include a current proof of funds and a pre-approval letter.
Location
State CA
County Los Angeles
Area Rk - Paramount South Of Somerset
Zoning PARM*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Spaces 5.0
Garage Description 5.0
Attached Garage Yes
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6268016029
Special Listing Condition Standard
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Bought with Ronald Perez • Jason Mitchell Real Estate California