8219 2nd Street
Paramount, CA 90723
0
Bed
0
Bath
6,006Sqft
7,973Sqft(Lot)
Just Listed! Exceptional investment opportunity in the city of Paramount featuring 7 units with excellent day-one cash flow and strong long-term fundamentals. Currently operating at a 6.75% CAP Rate and 10.73 GRM, this property delivers attractive in-place returns while offering investors a stable income-producing asset in a high-demand rental market. The property features an excellent unit mix of three 3-Bedroom/1-Bath units and four 2-Bedroom/1-Bath units, providing larger floor plans that appeal to families and long-term tenants. With approximately 6,006 rentable square feet situated on a 7,973 sq. ft. lot, the asset offers a desirable combination of unit size and income potential. Residents enjoy the convenience of garage and carport parking, while ownership benefits from separat
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Roof: Flat Fireplace: None -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
None Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1946 Building Area Total: 6,006 Roof: Flat -
Accessibility Features
NonePool Features
NoneLaundry Features
NoneFencing
Block
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.183 -
Lot Size Source: Assessor Lot Size Square Feet: 7973
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Listing Price Information
Original List Price: 1,875,000 Listing Contract Date: 2026-06-18 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 6241009029
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Garage and Parking
Garage Description: Assigned,Carport,Door-Single,GarageHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: RL - Paramount North of Somerset Directions: South of Rosecrans Ave. East of Paramount Blvd. Zoning: PARM* Source Property Type: Residential Income Area: RL - Paramount North of Somerset Property SubType: Apartment -
Building and Construction
Property Age: 80 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 15120 Bellota Ave, Paramount, CA, 90723 | $670,000 | 2 | 1 | 989 | 989 SqFt |
| 8600 Contreras #54, Paramount, CA, 90723 | $90,000 | 1 | 1 | -- | |
| 8600 Contreras Street #35, Paramount, CA, 90723 | $140,000 | 2 | 2 | 960 | 960 SqFt |
| 13478 Fanshaw Avenue, Paramount, CA, 90723 | $725,000 | 3 | 2 | 1,281 | 1,281 SqFt |
| 13947 Downey, Paramount, CA, 90723 | $657,300 | 3 | 1 | 862 | 862 SqFt |
| 15000 Downey Avenue #244, Paramount, CA, 90723 | $357,000 | 1 | 1 | 630 | 630 SqFt |
| 8419 1/2 2nd Street #2, Paramount, CA, 90723 | $589,999 | 4 | 3 | 2,041 | 2,041 SqFt |
| 8215 Elburg Street, Paramount, CA, 90723 | $625,000 | 3 | 1 | 1,060 | 1,060 SqFt |
| 8211 Wilbarn, Paramount, CA, 90723 | $585,000 | 2 | 1 | 836 | 836 SqFt |
| 16600 Downey Avenue #115, Paramount, CA, 90723 | $259,999 | 2 | 1 | 1,344 | 1,344 SqFt |
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ByOwner last updated this listing 06/20/2026 @ 16:48
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