Kirk Garabedian Commercial Group

Please enter your name and email to access the property details.

7539 Jefferson St, Paramount

7539 Jefferson St, Paramount

7539 Jefferson Street, Paramount, CA 90723

Quick Summary

Location
7539 Jefferson St, Paramount
Price
920,000
Property Type
Residential Four-Plex
Square Ft
2778
Year Built
1962
Marketing Brochure Make an Offer Document Vault

Property Description

We are pleased to present a home-like fourplex in Paramount, California, which includes a collection of separate structures each with their own parking and yard area, making the property feel more like a collection of private homes rather than an apartment complex. The property is situated on a corner lot with the largest unit, a 2-bedroom 1-bath house, facing Jefferson Street and a small neighborhood street called Fairlock Avenue. The rest of the units are situated on  Fairlock Avenue, a tranquil road used primarily by locals.

The Property consists of a 2-Bedroom 1-Bathroom Single Family Residence, which is currently vacant and ready for immediate upside. Additionally, there is  1-bedroom 1-bathroom stand-alone cottage, plus a duplex which consists of two 1-Bedroom 1-Bath units. The rents from the long-time tenants are below market, as the property has been under one family ownership for nearly 27 years. Assuming the 2-Bedroom SFR can rent for $1,800 and keeping the other rents unchanged will yield a 3.78% cap rate, and an attractive $230,000 per unit.  Proforma estimates can yield cap rates well above 6.0% and a GRMs below 12.5.