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7248 Exeter Street

Paramount, CA 90723
  • $2,350,000
  • STATUS: Pending
  • ON SITE: 21 Days
  • ID#: PW22087404
Pending
UPDATED: 64 min ago
$2,350,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
RL - Paramount North of Somerset
Type:
Multi-Family
Built:
1978
County:
Los Angeles
Area:
RL - Paramount North of Somerset

School Ratings & Info

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Listing Agent(s): Mary Kasenberg of Coldwell Banker Realty (562-804-1385)


Description

8-Unit Apartment Building. All units 2-story townhouse style. 2 Bed, 1 1/2 Baths each with separate gas, and electricity meters. Below market rents. Tremendous upside potential. Purchase a cash flowing asset with potential for market rents.Large 18,000+ sq. ft. Lot. Copper plumbing. Recent renovation of (4) out of the eight Units includes completely new Kitchens with Granite countertops, new flooring, Freshly Painted and much more. Long-term Tenants. Parking for 2 cars per unit, 1 covered space, 1 open space. On-site laundry room. Centrally located to Schools, Post office, Public transportation. Near Salud Park & Steam Engine park. Easy access to 91, 105 & 710 Frwys.DO NOT Go on Property. DO NOT Disturb Tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T18:34:23.413. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128367875
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7248 Exeter Street Paramount, CA 90723

  • Price: $2,350,000
  • Status: Pending
  • On Site: 21 Days
  • Updated: 64 min ago
  • ID#: PW22087404
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1978
Built
Neighborhood:
RL - Paramount North of Somerset
County:
Los Angeles
Area:
RL - Paramount North of Somerset
Property Description
8-Unit Apartment Building. All units 2-story townhouse style. 2 Bed, 1 1/2 Baths each with separate gas, and electricity meters. Below market rents. Tremendous upside potential. Purchase a cash flowing asset with potential for market rents.Large 18,000+ sq. ft. Lot. Copper plumbing. Recent renovation of (4) out of the eight Units includes completely new Kitchens with Granite countertops, new flooring, Freshly Painted and much more. Long-term Tenants. Parking for 2 cars per unit, 1 covered space, 1 open space. On-site laundry room. Centrally located to Schools, Post office, Public transportation. Near Salud Park & Steam Engine park. Easy access to 91, 105 & 710 Frwys.DO NOT Go on Property. DO NOT Disturb Tenants.
Exterior Features

Architectural Style Modern Carport Spaces 8 Carport YN Yes Construction Materials DrywallStucco Fencing Average ConditionFair Condition Foundation Details Slab Lot Features LevelNear ParkRectangular LotStreet Level Number Of Separate Electric Meters 8 Open Parking Spaces 8 Parking Features Assigned Parking Total 16 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Flat Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features Parking Appliances DisposalGas OvenGas RangeGas Water HeaterWater Heater Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Interior Features Granite CountersLaminate CountersUnfurnishedAll Bedrooms Up Window Features Blinds

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSidewalksUrbanPark Contingency Contingent On Sellers Procuring 1031 Exchange Current Financing Conventional Electric Electricity - On Property Garage YN No Gross Income 153000 Gross Scheduled Income 153540 Insurance Expense 2463 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 3600 Net Operating Income 114000 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 38000 Possession Close Of Escrow Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 12795 Trash Expense 2000 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedOverhead Utilities Vacancy Allowance Rate 1 Water Sewer Expense 3000 Water Source Public Zoning Parm*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T18:34:23.413. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Mary Kasenberg of Coldwell Banker Realty (562-804-1385)