14053-14059 Anderson St | 14053 Anderson St
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14053-14059 Anderson St 14053 Anderson St
12 Unit Apartment Building $4,100,000 ($341,667/Unit) 4.82% Cap Rate Paramount, CA 90723
Investment Highlights
- First Time Offered For Sale in Over 40 Years
- Great Central Location - Close Proximity to Metro Green Line and 710, 105, & 605 Freeways
- Ample Parking - Each Unit has Attached Single Car Garage and Multiple Open Spaces
- Outstanding Unit Mix - All 3 Bedroom 2 Bathroom Single Story Units - Similar to Single Family Residence Living
- Amenities Include In-Unit Washer/Dryer Hookups and Private Yards/Patios
Executive Summary
Marcus & Millichap is pleased to present 14053 & 14059 Anderson St, a 12-unit multi-family property located in Paramount, California. Built in 1962, the subject property consists of two parcels with approximately 11,784 rentable square feet spread throughout a total combined .87-acre lot. The building consists of (12) 3-Bedroom / 2-Bathroom bungalow style units, each unit includes washer/dryer hook ups and a private backyard patio. There is ample parking available on-site and each unit has its own single-car garage.
The property is in a great location, tenants’ benefit from quick access to the 105 FWY which makes a commute to large employment centers much easier. An individual's commute length and method significantly impact their overall quality of life. Fortunately, within a 2-mile radius, the Lakewood Green Line Station provides convenient parking for an easy commute to Downtown Los Angeles. The city of Paramount is actively fostering development, supporting local businesses, and organizing community events to build a close-knit neighborhood.
This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.
*Seller Financing Available with 25% Down Payment*
Inquire with Listing Agent for Further Details
The property is in a great location, tenants’ benefit from quick access to the 105 FWY which makes a commute to large employment centers much easier. An individual's commute length and method significantly impact their overall quality of life. Fortunately, within a 2-mile radius, the Lakewood Green Line Station provides convenient parking for an easy commute to Downtown Los Angeles. The city of Paramount is actively fostering development, supporting local businesses, and organizing community events to build a close-knit neighborhood.
This is an absolutely incredible opportunity to acquire a highly desirable multi-family asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.
*Seller Financing Available with 25% Down Payment*
Inquire with Listing Agent for Further Details
Data Room Click Here to Access
Property Facts
| Price | $4,100,000 | Apartment Style | Low Rise |
| Price Per Unit | $341,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.87 AC |
| Cap Rate | 4.82% | Building Size | 11,784 SF |
| Gross Rent Multiplier | 13.02 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 3.05/1,000 SF |
| Price | $4,100,000 |
| Price Per Unit | $341,667 |
| Sale Type | Investment |
| Cap Rate | 4.82% |
| Gross Rent Multiplier | 13.02 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.87 AC |
| Building Size | 11,784 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 3.05/1,000 SF |
Unit Amenities
- Washer/Dryer
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 12 | - | 982 |
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Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $435,172 | |
| Land Assessment | $195,458 | Total Assessment | $630,630 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$195,458
Improvements Assessment
$435,172
Total Assessment
$630,630
zoning
| Zoning Code | PARM* |
| PARM* |
-
Ryan Gonzalez -
Toby Rodriguez -
Marcus & Millichap
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14053-14059 Anderson St | 14053 Anderson St
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