15954 Vermont Ave 9 Unit Apartment Building Offered at $2,220,192 CAD at a 4.64% Cap Rate Paramount, CA 90723

An excellent opportunity to acquire a single-story 9-unit multifamily property in Paramount, CA. Located at 15954 Vermont Avenue, this commercial asset was built in 1949. The property is made up of two adjacent four unit buildings made up exclusively of 1 bedroom + 1 bathroom apartments and a stand-alone 2 bedroom + 1-bathroom house. The units boast total square footage of 4,443 situated on a large 14,968 square foot corner lot. A large parking lot which is accessed from Vermont Ave accommodates 11 vehicles. Additional off-street parking as well as three garages can be accessed from the alley.
The property is within close proximity to the intersection of Alondra Blvd and Paramount Blvd and has excellent walkability to a diverse array of retail and restaurants. Nearby tenants include Starbucks, WaBa Grill, IHOP, Subway Sandwiches, Northgate Market, Carl's Jr, Yogurt Land and Jamba Juice. The property is also walking distance to Paramount City Hall and Kindred Hospital. With more than 40% upside potential in rental income, this is the perfect opportunity for an investor to add value and achieve an exceptional return.