15803 Passage Avenue Paramount, CA 90723
15803 Passage Avenue is a 4-unit multifamily investment asset located in the highly desirable rental market of Paramount. The property features (1) 3-bed/2-bath unit and (3) 2-bed/1-bath units, garage parking, and an onsite laundry facility. The city of Paramount does not have local rent control, offering significant potential for increased rents. The subject property has been owned by the same family for over 30 years and is an outstanding investment opportunity because of its great location and rental upside. The city of Paramount is subject to AB 1482, which currently allows for annual rent increases of up to 8.9%. All offers must include a current proof of funds and a pre-approval letter.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site24 Days
- MLS StatusActive Under Contract
- MLS ID Number24395045
- Home Size Source Assessor
- Year Built1963
- Lot Size0.1467 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 4
- Number of Stories 22
- Acreage 0.1467
- Garage Spaces 5
- Attached Garage Yes
- Zoning PARM*
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Wall Furnace
Community Features
- Senior Community No
- MLS Area RK - Paramount South of Somerset