13838 Arthur, Paramount, CA 90723
Local realty services provided by:CENTURY 21 Masters
13838 Arthur,Paramount, CA 90723
$2,995,000
- 10 Beds
- 7 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: john chelius
Office: property works re, inc.
MLS#:PW26175840
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,995,000
About this home
A rare nine-unit offering in Paramount that combines a genuinely exceptional unit mix, turnkey renovated condition, and legitimate ADU upside all outside of local rent control. Eight (8) large three-bedroom / two-bath units at approximately 905 SF, plus one (1) one-bedroom / one-bath at 440 SF. Three-bedroom apartments are almost impossible to replicate in today's construction environment, and they drive family tenancy, longer average tenure, lower turnover cost, and rent premiums that one- and two-bedroom product simply cannot command. The property sits on a 17,524 SF lot with 7,800 SF of building area and is 100% occupied at close of escrow. The building has been fully renovated roofs, windows, and all major systems, along with unit interiors and appliances. A buyer steps into stabilized, day-one cash flow without the deferred-maintenance capital plan that typically accompanies 1962-vintage product. The property is subject only to statewide AB 1482 not a local rent-control ordinance preserving annual increases up to the statutory cap and full vacancy decontrol on turnover under Costa-Hawkins. Additional upside comes from the open parking areas which present a strong candidate ADU construction under SB 1211. Offered at $3,100,000 $344,444 per unit on $205,494 of in-place NOI, a 6.63% current cap rate going to 6.98% pro forma on turnover to market rents. Nearby 20252026 sales in the Bellflower/Paramount submarket traded at 4.64%5.75% caps and $314,063 per unit, making this an outsized in-place yield for renovated, family-sized product. Paramount is outside the City of...
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Home facts
- Listing ID #:PW26175840
- Added:74 day(s) ago
- Updated:October 25, 2026 at 02:02 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:7
Structure and exterior
- Levels:1 Story
Finances and disclosures
- Price:$2,995,000
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