7246 Petrol St - Apartments FOR SALE


Paramount, CA 90723
$3,500,000 USD
951-577-3985
7246 Petrol St, Paramount, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/22
null | 5.14% Cap Rate

7246 Petrol St
Paramount, CA 90723


HIGHLIGHTS

  • 7246 Petrol Street is a rare opportunity to purchase a townhome community with 10 fully leased units.
  • Close to the Interstates 105 and 705 interchanges, residents have great access to the best this area has to offer.
  • Townhomes feature gated access, private patios and balconies, an attached garage, and in-unit laundry.
  • Paramount is an esteemed suburb at the gateway to Los Angeles, home to a population of nearly 54,000 residents.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$377 USD /SF

# OF UNITS

10

PRICE/UNIT

$350,000

CAP RATE

5.14%

% LEASED

10%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

18,000 SF

ZONING

R-M

APN/PARCEL ID

6241-025-007

ASK ABOUT THIS PROPERTY

Brendon MarchandMercenary Investments, LLCMore Info
951-577-3985

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Brendon MarchandMercenary Investments, LLCMore Info
951-577-3985

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.