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7246 Petrol St 10 Unit Apartment Building $3,000,000 ($300,000/Unit) 6.67% Cap Rate Paramount, CA 90723
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- 7246 Petrol Street is a rare opportunity to purchase a townhome community with 10 fully leased units.
- Townhomes feature gated access, private patios and balconies, an attached garage, and in-unit laundry.
- Close to the Interstates 105 and 705 interchanges, residents have great access to the best this area has to offer.
- Paramount is an esteemed suburb at the gateway to Los Angeles, home to a population of nearly 54,000 residents.
EXECUTIVE SUMMARY
For the first time ever, 7246 Petrol Street is being sold by the original owners. This excellent investment opportunity comprises 10 fully occupied townhouse units. The offering is being sold at a 6% cap rate with a net operating income of over $200,000 a year and a per-unit cost of $300,000. The property will be sold as-is for $3,000,000.
7246 Petrol Street’s two-story townhomes have a layout of two-bedroom, one and a half bath units with 9 attached tandem garages. All apartments have in-unit laundry, private balconies, and patios. Most of the units have new flooring, and half of them have been fully renovated. The building has undergone extensive roof, garage, and gate repairs.
Paramount, California, is a vibrant city in Los Angeles County known for its central location and strong community feel. Situated between Compton, Long Beach, and Downey, it offers easy access to major freeways, including the 105, 710, and 91, connecting residents to the nearby shores, shopping boutiques, dining establishments, and entertainment venues. 7246 Petrol Street is an investor’s chance to own a fantastic property with steady income-producing units in an attractive suburban locale.
7246 Petrol Street’s two-story townhomes have a layout of two-bedroom, one and a half bath units with 9 attached tandem garages. All apartments have in-unit laundry, private balconies, and patios. Most of the units have new flooring, and half of them have been fully renovated. The building has undergone extensive roof, garage, and gate repairs.
Paramount, California, is a vibrant city in Los Angeles County known for its central location and strong community feel. Situated between Compton, Long Beach, and Downey, it offers easy access to major freeways, including the 105, 710, and 91, connecting residents to the nearby shores, shopping boutiques, dining establishments, and entertainment venues. 7246 Petrol Street is an investor’s chance to own a fantastic property with steady income-producing units in an attractive suburban locale.
MATTERPORT 3D TOUR
Explore the 2BR, 1.5BA - Unit 7
OFFERING MEMORANDUM
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$280,000
|
$30.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$280,000
|
$30.17
|
| Taxes |
$30,000
|
$3.23
|
| Operating Expenses |
$50,000
|
$5.39
|
| Total Expenses |
$80,000
|
$8.62
|
| Net Operating Income |
$200,000
|
$21.55
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $280,000 |
| Annual Per SF | $30.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $280,000 |
| Annual Per SF | $30.17 |
| Taxes | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $3.23 |
| Operating Expenses | |
|---|---|
| Annual | $50,000 |
| Annual Per SF | $5.39 |
| Total Expenses | |
|---|---|
| Annual | $80,000 |
| Annual Per SF | $8.62 |
| Net Operating Income | |
|---|---|
| Annual | $200,000 |
| Annual Per SF | $21.55 |
PROPERTY FACTS
| Price | $3,000,000 | Apartment Style | Townhome |
| Price Per Unit | $300,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 6.67% | Building Size | 9,280 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 10% |
| Gross Rent Multiplier | 13 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 1.4/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-M - Multi-Family Zoning | ||
| Price | $3,000,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 13 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 9,280 SF |
| Average Occupancy | 10% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | R-M - Multi-Family Zoning |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Dining Room
- Family Room
- Freezer
- Handrails
- Patio
- Quartz Countertops
SITE AMENITIES
- Fenced Lot
- Gated
- Gas Range
- Maintenance on site
- Individual Locking Bedrooms
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 10 | $2,295 | 900 |
Walk Score®
Very Walkable (73)
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Tortas Chingonas | Sandwiches | $ | 10 min walk |
| Taqueria 2 Amigos | Mexican | $ | 11 min walk |
| Abe's Donuts | Donuts | $ | 12 min walk |
| Subway | - | - | 13 min walk |
| Wingstop | - | - | 13 min walk |
| Little Caesars | - | - | 15 min walk |
| Ma's Donut | Donuts | $ | 15 min walk |
RETAIL |
||
|---|---|---|
| Ralphs | Supermarket | 7 min walk |
| USPS | Business/Copy/Postal Services | 7 min walk |
| Speedway | Convenience Market | 12 min walk |
| Family Dollar | Dollar/Variety/Thrift | 13 min walk |
| Ace Hardware | Hardware | 17 min walk |
PROPERTY TAXES
| Parcel Number | 6241-025-007 | Total Assessment | $1,013,196 (2025) |
| Land Assessment | $179,210 (2025) | Annual Taxes | $30,000 ($3.23/SF) |
| Improvements Assessment | $833,986 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
6241-025-007
Land Assessment
$179,210 (2025)
Improvements Assessment
$833,986 (2025)
Total Assessment
$1,013,196 (2025)
Annual Taxes
$30,000 ($3.23/SF)
Tax Year
2026
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Mercenary Investments, LLC
7246 Petrol St
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