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 5.14% cap rate with a net operating income of over $180,000 a year and a per-unit cost of $350,000.
7246 Petrol Street’s two-story townhomes have a layout of two-bedroom, two-bath units with 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.