7121 San Mateo Street
Paramount, CA 90723
MLS #PW16005979

Income
  • 8units
  • 6,868sq ft
Pending Sale $1,600,000
Est. P&I payment: $6110.92/mo
7121 San Mateo Street, Paramount, CA 90723
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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.
MLS #PW16005979
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My Notes for MLS #PW16005979

General Features

  • Number Of Buildings: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Year Built: 1938
  • Year Built Source: See Remarks

Exterior Features

  • Uncovered Spaces: 13
  • Lot Features: Cul-De-Sac,​Front Yard,​Garden,​Lawn,​Lot Shape-Irregular,​Lot 20000-39999 Sqft,​Patio Home,​Park Nearby,​Yard
  • Lot Size SqFt: 25,528
  • Lot Size Units: Square Feet
  • Garage Spaces: 8
  • Parking YN: 1
  • Parking Features: Covered Parking,​Driveway,​Garage,​Uncovered
  • Parking Total: 21
  • Pool Features: None
  • Common Walls: No Common Walls

Interior Features

  • Levels: One

Utility Features

  • Water Source: Public
  • Sewer: Unknown
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8

Financial Features

  • Electric Expense: 2,000
  • Gross Scheduled Income: 129,600
  • Insurance Expense: 2,500
  • Maintenance Expense: 5,200
  • Net Operating Income: 82,860
  • Operating Expense: 42,852
  • Other Expense: 2,000
  • Price Per SqFt: 232.96
  • Total Expenses: 42,852
  • Trash Expense: 2,400
  • Vacancy Allowance Rate: 3
  • Water Sewer Expense: 2,000
  • Tax Lot: 341
  • Fuel Expense: 2,000
  • Gardner Expense: 3,600
  • Gross Income: 10,800
  • Gross Operating Income: 125,712
  • New Taxes Expense: 20,502
  • Other Expense Description: Reserves
  • Pest Control Expense: 650
  • Price Per Unit: 200,000
  • Total Actual Rent: 10,800

Community Features

  • Community Features: Curbs,​Sidewalks,​Street Lighting

Miscellaneous Features

  • Building Area Total: 6,868
  • Days On Market: 30
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 30
  • Tax Tract Number: 6,251

Location

 
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Directions to 7121 San Mateo Street, Paramount, CA 90723
Cross Streets: Somerset Blvd & Garfield Ave
Listing information for 7121 San Mateo Street, Paramount, CA 90723 was graciously provided by our friends at the listing brokerage, Marcus & Millichap and by listing agent Gonzalez Ryan DRE# 01874815

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/21/2018 at 6:21am
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