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Listed by John Chelius, DRE #01936287 • Property Works RE, Inc.
$ 3,100,000
Est. payment /mo
New
13838 Arthur Paramount, CA 90723
8,782 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26175840
Year Built 1962
Lot Size 8,782 Sqft
Source California Regional MLS
Property Description
A rare nine-unit offering in Paramount that combines a genuinely exceptional unit mix, turnkey renovated condition, and legitimate ADU upside - all outside of local rent control. Eight (8) large three-bedroom / two-bath units at approximately 905 SF, plus one (1) one-bedroom / one-bath at 440 SF. Three-bedroom apartments are almost impossible to replicate in today's construction environment, and they drive family tenancy, longer average tenure, lower turnover cost, and rent premiums that one- and two-bedroom product simply cannot command. The property sits on a 17,524 SF lot with 7,800 SF of building area and is 100% occupied at close of escrow. The building has been fully renovated - roofs, windows, and all major systems, along with unit interiors and appliances. A buyer steps into stabilized, day-one cash flow without the deferred-maintenance capital plan that typically accompanies 1962-vintage product. The property is subject only to statewide AB 1482 - not a local rent-control ordinance - preserving annual increases up to the statutory cap and full vacancy decontrol on turnover under Costa-Hawkins. Additional upside comes from the open parking areas which present a strong candidate ADU construction under SB 1211. Offered at $3,100,000 - $344,444 per unit - on $20
Location
State CA
County Los Angeles
Area Rk - Paramount South Of Somerset
Interior
Laundry Other
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 6242030021
Special Listing Condition Not Applicable
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