8219 2nd St - Apartments FOR SALE


Paramount, CA 90723
$1,875,000 USD
626-427-0786
8219 2nd St, Paramount, CA for Sale
$1,875,000 USD
Apartments - FOR SALE
1/9
null | 6.75% Cap Rate

8219 2nd St
Paramount, CA 90723


HIGHLIGHTS

  • Excellent Unit Mix & Good-Size Units
  • Tenants Enjoy Garage & Carport Parking
  • 6,006 Rental Sq Ft I 7,973 Sq Ft Lot
  • Separately Metered For Electricity & Gas
  • Close Proximity to Schools, Paramount Park, Major Retail & More
  • Significant Cash-Flow With Current Rents in Place!

OVERVIEW

Just Listed! Kristopher German of The Apartment Dealer is pleased to offer this 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.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

7

PRICE/UNIT

$267,857

CAP RATE

6.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6.75% CAP Rate I 10.73 GRM!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,973 SF

ZONING

PARM*

APN/PARCEL ID

6241-009-029

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.