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13206 Paramount Blvd
South Gate, CA 90280
13206 Paramount Boulevard · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Mixed-Use Investment Opportunity – 2 Retail Stores + 6 Apartment Units | 10.30% Pro-Forma Cap Rate & 6.74 Pro-Forma GRM
- Value-Add Investment - Opportunity for Investor to Lease Retails Spaces to New Tenants at Market Rate
- No Local Rent Control – Defaults to AB 1482 | Located on a Major Thoroughfare of South Gate
- 5.87% Current Cap Rate & 9.85 Current GRM | 6,088-SF of Rentable SF* on a Large 11,016-SF Lot
- Most Units Contain Individual Hot Water Heaters & Washer/Dryer Hook-Ups | Retail Stores Consists of 1,338 SF
- Great Frontage for Retail Stores on Paramount Boulevard | High Visibility & Heavily Trafficked – Over 33,840 Vehicles Per Day
Property Facts
| No. Units | 8 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 6,088 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1959 |
| Zoning | C3, South Gate | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,088 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Zoning | C3, South Gate |
Amenities
Unit Amenities
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $1,452 | - |
| 2+1 | 3 | $1,553 | - |
| 1+1 | 1 | $1,193 | - |
| Studios | 2 | $1,100 | - |
Property Taxes
| Parcel Number | 6264-006-004 | Improvements Assessment | $433,500 |
| Land Assessment | $816,000 | Total Assessment | $1,249,500 |
Property Taxes
Parcel Number
6264-006-004
Land Assessment
$816,000
Improvements Assessment
$433,500
Total Assessment
$1,249,500
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