$1,250,000
$1,195,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
5 Baths
3,448 SqFt
SOLD DATE : 07/10/2024
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,448 sqft
Price per Sqft $362
MLS Listing ID 24-395045
Sold Date 07/10/24
Bedrooms 9
Year Built 1963
Lot Size 6,392 Sqft
Acres 0.1467
Property Description
15803 Passage Avenue is a 4-unit multifamily investment asset located in the highly desirable rental market of Paramount. The property features (1) 3-bed/2-bath unit and (3) 2-bed/1-bath units, garage parking, and an onsite laundry facility. The city of Paramount does not have local rent control, offering significant potential for increased rents. The subject property has been owned by the same family for over 30 years and is an outstanding investment opportunity because of its great location and rental upside. The city of Paramount is subject to AB 1482, which currently allows for annual rent increases of up to 8.9%. All offers must include a current proof of funds and a pre-approval letter.
Location
State CA
County Los Angeles
Area Paramount South Of Somerset
Zoning PARM*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Garage Garage Is Attached
Garage Spaces 4.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Jason Mitchell Real Estate California