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13838 Arthur

Paramount, CA 90723
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Bed 25

Bed

Bath 17

Bath

SqFt8,782

Sqft(Lot)

A rare nine-unit offering in Paramount that combines a genuinely exceptional unit mix, turnkey renovated condition, and legitimate ADU upside — all outside of local rent control. Eight (8) large three-bedroom / two-bath units at approximately 905 SF, plus one (1) one-bedroom / one-bath at 440 SF. Three-bedroom apartments are almost impossible to replicate in today's construction environment, and they drive family tenancy, longer average tenure, lower turnover cost, and rent premiums that one- and two-bedroom product simply cannot command. The property sits on a 17,524 SF lot with 7,800 SF of building area and is 100% occupied at close of escrow. The building has been fully renovated — roofs, windows, and all major systems, along with unit interiors and appliances. A buyer steps i nto stabilized, day-one cash flow without the deferred-maintenance capital plan that typically accompanies 1962-vintage product. The property is subject only to statewide AB 1482 — not a local rent-control ordinance — preserving annual increases up to the statutory cap and full vacancy decontrol on turnover under Costa-Hawkins. Additional upside comes from the open parking areas which present a strong candidate ADU construction under SB 1211. Offered at $3,100,000 — $344,444 per unit — on $205,494 of in-place NOI, a 6.63% current cap rate going to 6.98% pro forma on turnover to market rents. Nearby 2025–2026 sales in the Bellflower/Paramount submarket traded at 4.64%–5.75% caps and $314,063 per unit, making this an outsized in-place yield for renovated, family-sized product. Paramount is outside the City of Los Angeles and not subject to Measure ULA. Nine on-site parking spaces. Convenient to the 105 and 710 freeways, Downtown LA, LAX, and Long Beach.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,100,000

AD Id : 89439815

MLS Id : PW26175840

Beds : 25

Lot Size : 8,782 Sqft

Year Built : 1962

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1962
    Building Area Total: 7800
    Stories: 1
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 8782 Lot Size Acres: 0.2016 Lot Size Source: Assessor Lot Size Square Feet: 8,782 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $3100000
    Cash

  • Tax Information

    Parcel Number: 6242030021 Tax Lot: 115

  • Location Information

    Direction: Call Broker WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
13811 Arthur, Paramount, CA, 90723 $2,890,000 7 5 --

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ByOwner last updated this listing 08/17/2026 @ 19:04

MLS: PW26175840 LISTED BY: John Chelius, Property Works RE, Inc. 310-722-0360 SOURCE: CRMLS

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