$1,599,000
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7317 Richfield Street Unit 5 Paramount, CA 90723
Mixed Use
Residence
Beds
Baths
4,620
Sq. Ft.
0.42
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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Incredible Investment Opportunity – 5 Detached Units on a Huge Lot!
This rare investment property features 5 detached units, each with 2 bedrooms and 1 bathroom, located on an expansive 18,000 sq ft lot, offering endless potential for future development. Each unit boasts its own private yard spac...e and indoor washer/dryer hookups, making these units highly desirable for tenants seeking privacy and convenience.
Currently, all units are occupied by long-term tenants, with rents significantly below market—an opportunity for substantial rental income growth. One unit has been remodeled, achieving current market rent of $2,700 per month. Tenants are responsible for electricity and gas, with each unit separately metered for both utilities, further reducing operating costs for the owner.
The lot also features ample parking for all tenants, adding to the property's appeal. Additionally, there is the possibility of adding an Accessory Dwelling Unit (ADU) for further income potential. This property is perfect for investors looking for stable cash flow with future upside through rent increases and development opportunities.
Don't miss this chance to own a prime multifamily property with great potential in a high-demand rental market!
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MLS#
SB24199767
Property Type
Mixed Use
Status
Active Under Contract
Year Built
1962
Square Feet
4,620
sq. ft
Lot Size
0.42
Stories
1.0
Sewer
Public Sewer
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