7121 San Mateo Street

  • Paramount

  • $1,600,000
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Residential Income Details

Description
We are pleased to present 7121 & 7126 San Mateo Street, an eight unit multifamily community located between Rosecrans Avenue and Somerset Boulevard just east of Orange Avenue in the great rental market of Paramount, CA. Located at the end of a quiet residential cul-de-sac, the subject property consists of two separate parcels, one built in 1938 and the other in 1963. The single-story property offers approximately 6,868 rentable square feet on a very large 25,528 square foot lot. The property comprises of 7 two bedroom/one bathroom units, and 1 three bedroom/two bathroom unit. Each unit has its own private lawn, garage, and open parking spaces. The buildings are separately metered for gas and electricity and each unit has its own water heater. This is a rare opportunity to acquire a quality add-value asset in the excellent rental market of Paramount, CA. The outstanding location, unit mix, and value-add opportunity would make this a great addition to any investor's portfolio. *Please note this is for the sale of the five unit building at 7121 San Mateo Street and the three unit building at 7126 San Mateo Street, properties to be sold together.
Essential
MLS #PW16005979
Price$1,600,000
Number of Units8
Sale TypeStandard
StatusPending
Listing BrokerageMarcus & Millichap
Listing AgentRyan Gonzalez
Listing Agent BRE #01874815
Interior
Exterior
ParkingCovered Parking,Driveway,Garage,Uncovered
Garage Spaces8
PoolNone
Community
AreaRL - Paramount North of Somerset
CommunityCurbs,Sidewalks,Street Lighting
Address7121 San Mateo Street
CityParamount
CountyLos Angeles
StateCA
ZipCode90723
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Friday, October 20, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.