Triqor Group is pleased to present Union Plaza Apartments, a 71 + 1 unit multifamily community located in the city of Paramount, CA, offered for sale for the first time since being developed and constructed by current ownership in 1976. This well-maintained property features an ideal mix of large one, two, and three-bedroom units with individual gas and electric meters. Units include gas wall heating, wall air conditioning, fireplaces, and most offer private balconies or patios. The property has benefited from recent capital improvements including a recently replaced roof and features copper plumbing throughout. Community amenities include a leasing office, security camera system, on site laundry facility, and fourty tandem garage spaces. Union Plaza Apartments offers substantial frontage along the major thoroughfare of Downey Avenue, providing excellent visibility and accessibility. With an approximate 6.5% cap rate on current income and nearly 7.5% on market rents, Union Plaza Apartments represents a compelling opportunity to acquire a pride of ownership asset with strong in-place cash flow and upside potential.