15954 Vermont, Paramount, CA 90723

Property Description

An excellent opportunity to acquire a single-story 9-unit multifamily property in Paramount, CA. Located at 15954 Vermont Avenue, this commercial asset was built in 1949. The property is made up of two adjacent four unit buildings made up of exclusively 1 bed + 1 bath apartments and a stand alone 2 bedroom + 1 bath house. The units boast total square footage of 4,443 situated on a large 14,968 square foot corner lot. A large parking lot which is accessed from Vermont Ave accommodates 11 vehicles. Additional off-street parking as well as three garages can be accessed from the alley. The property is within close proximity to the intersection of Alondra Blvd and Paramount Blvd and boasts excellent walkability to a diverse array of retail and restaurants. Nearby tenants include Starbucks, Waba Grill, IHOP, Subway, Northgate Market, Carl's Jr, Yogurt Land and Jamba Juice. The property is also walking distance to Paramount City Hall and Kindred Hospital. With more than 40% upside potential in rental income, this is the perfect opportunity for an investor to add value and achieve an exceptional return. Sale Highlights: - 8 multifamily units plus a stand-alone house all on the same parcel - Excellent location within walking distance of shops and restaurants - Large 14,968 square foot lot offering ample off-street parking - Tenants enjoy use of gated yard space - More than 40% upside in rental income