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16840 Passage, Paramount, CA 90723

Paramount
Local realty services provided by:CENTURY 21 LOTUS
16840 Passage,Paramount, CA 90723
$1,625,000
  • - Beds
  • - Baths
  • 4,509 sq. ft.
  • Multi-family
  • Pending
Listed by: juan huizar, lauren friedman
Office: sage real estate group, inc.562-400-7622
MLS#:PW26048011
Source:CRMLS

Price summary

  • Price:$1,625,000
  • Price per sq. ft.:$360.39

About this home

Excellent value-add opportunity in the heart of Paramount. This rare 5-unit bungalow/cottage-style multifamily property offers a highly desirable layout consisting of one duplex and three detached units, creating a private single-family-home feel that tenants love. Properties with this type of configuration are rarely available and are highly attractive. All five units feature 2 bedroom and 1 bathroom, and each unit includes a one-car garage, a highly desirable amenity. Current rents are $2,200, $1,900, $1,900, $1,900, $1,980. Are units are now month to month. The property sits on a large approximately 0.52-acre lot and offers about 4,500+ square feet of living space, providing investors with both current income and future potential. The oversized lot may also offer potential for adding additional units (buyer to verify with the city.) Several long-term tenants provide stable occupancy, while the property presents significant upside potential through renovations and rental increases....

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Home facts

  • Year built:1962
  • Listing ID #:PW26048011
  • Added:47 day(s) ago
  • Updated:April 24, 2026 at 07:33 AM

Rooms and interior

  • Flooring:Carpet
  • Living area:4,509 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1962
  • Building area:4,509 sq. ft.
  • Lot area:0.52 Acres
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,625,000
  • Price per sq. ft.:$360.39

Features and amenities

  • Amenities:All Bedrooms Down

Parking

  • Total parking spaces:10
  • Parking description:Assigned, Concrete, Direct Access, Door-Multi, Door-Single, Garage, Paved
  • Garage:Yes
  • Garage spaces:5
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