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Just Listed! Exceptional investment opportunity in the city of Paramount featuring 7 units with excellent day-one cash flow and strong long-term fundamentals. Currently operating at a 6.75% CAP Rate and 10.73 GRM, this property delivers attractive in-place returns while offering investors a stable income-producing asset in a high-demand rental market. The property features an excellent unit mix of three 3-Bedroom/1-Bath units and four 2-Bedroom/1-Bath units, providing larger floor plans that appeal to families and long-term tenants. With approximately 6,006 rentable square feet situated on a 7,973 sq. ft. lot, the asset offers a desirable combination of unit size and income potential. Residents enjoy the convenience of garage and carport parking, while ownership benefits from separately metered electricity and gas, helping to control operating expenses. Located near schools, Paramount Park, major retail centers, dining, and everyday amenities, the property is positioned within a strong rental corridor that continues to attract consistent tenant demand. Offering significant cash flow with current rents in place, this is an outstanding opportunity for investors seeking a well-performing multifamily asset with strong income, desirable unit sizes, and a proven rental location.
Property Type(s):
Residential Income
| Last Updated | 6/18/2026 | Year Built | 1946 |
|---|---|---|---|
| Community | RL - Paramount North of Somerset | Garage Spaces | 6.0 |
| County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | RL - Paramount North of Somerset |
| GARAGE | Yes |
| HEAT | None |
| LOT | 7971 sq ft |
| LOT DIMENSIONS | 7973 |
| PARKING | Assigned, Carport, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with RE/MAX 2000 REALTY
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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