8242 3rd Street
Paramount, CA 90723
MLS #SB17162330

  • 3units
  • 2,400sq ft
Active Under Contract $689,000
Est. P&I payment: $2631.51/mo
8242 3rd Street, Paramount, CA 90723
  • 8242 3rd Street, Paramount, CA 90723 Photo 1
  • 8242 3rd Street, Paramount, CA 90723 Photo 2
Description for 8242 3rd Street, Paramount, CA 90723
Three identical two bedroom one bath homes on a single lot near the rapidly developing downtown Paramount business district, close to multiple freeways, schools, parks and shopping. Good cash flow for the savvy investor with stable long term tenants, or increase rents to market for an exceptional return on investment. Bread and butter two bedroom homes, with plenty of off street parking, and each home has a spacious kitchen with laundry hookups. In the past year, the property has been completely re-piped in copper, and all drain pipes were removed and replaced with ABS plastic all the way from the sanitary tee's to the curb. And with newer roofs, there is minimal expense to the new owner to operate this income producing property.
MLS #SB17162330
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My Notes for MLS #SB17162330

General Features

  • Number Of Buildings: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Year Built: 1957
  • Year Built Source: Assessor
  • Zoning: PARM*
  • Elevation Units: Feet

Exterior Features

  • Stories Total: 1
  • Uncovered Spaces: 6
  • Lot Features: 2-5 Units/Acre
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,491
  • Lot Size SqFt: 7,491
  • Lot Size Units: Square Feet
  • Parking YN: 1
  • Parking Features: Unassigned
  • Parking Total: 6
  • Pool Features: None
  • Common Walls: No Common Walls

Interior Features

  • Levels: One
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area: 800
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Laundry YN: 1
  • Laundry Features: See Remarks
  • Water Source: Public
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Financial Features

  • Gross Scheduled Income: 3,650
  • Net Operating Income: 3,500
  • Operating Expense: 150
  • Price Per SqFt: 287.08
  • Tax Lot: 12
  • Gross Income: 3,650
  • Tenant Pays: Cable TV,​Electricity,​Gas

Community Features

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

Miscellaneous Features

  • Building Area Total: 2,400
  • Building Area Units: Square Feet
  • Days On Market: 2
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 2
  • Tax Census Tract: 5,535.02
  • Tax Tract Number: 6,241


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Directions to 8242 3rd Street, Paramount, CA 90723
91 to Paramount blvd to 3rd street

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P&I Payment $2631.51
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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 07/20/2017 at 4:52am
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