7224 Walnut Avenue, Paramount, CA 90723 – PW23094650

$2,150,000

$2,350,000

8.5%

Est.Price: ?

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Est. payment -/mo

8 Beds

4 Baths

0.36 Acres Lot

SOLD DATE : 08/18/2023

Key Details

Sold Price $2,150,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW23094650

Sold Date 08/18/23

Bedrooms 8

HOA Y/N No

Lot Size 0.361 Acres

Property Description

7224 Walnut Ave consists of eight large 2 bed + 1 bath units at the end of a quiet cul-de-sac in a single family residential neighborhood. The buildings were constructed in 1965 and boast a large 15,742 sq ft lot. There are washer and dryer hookups inside of each unit and select units have balconies or fenced yards. The property backs up to an equestrian center. There is approximately 50% upside in rental income and no city-specific rent control ordinance.
7224 Walnut Ave consists of eight large 2 bed + 1 bath units at the end of a quiet cul-de-sac in a single family residential neighborhood. The buildings were constructed in 1965 and boast a large 15,742 sq ft lot. There are washer and dryer hookups inside of each unit and select units have balconies or fenced yards. The property backs up to an equestrian center. There is approximately 50% upside in rental income and no city-specific rent control ordinance.