13202 Downey Avenue, Paramount, CA 90723

Property Description

$1,000,000 Price Reduction*** Motivated Seller*** We are pleased to present the rare opportunity to acquire a garden style 64-unit multi-family investment in Paramount, California. The property is located at 13202 Downey Avenue, Paramount, one of the most desirable city in Los Angeles County. This multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, just right off freeway I-105 and I-710, close to the Promenade Downey and Kaiser Permanente Downey Medical Center . The spacious unit mix consists of all two-bedroom/ two-bath units, including (20) two-bedroom/two and half-bath townhouse style units. This property offers upscale for investors to invest an prime asset with well-maintained condition and value add opportunity. In-unit laundry hook-up. ***Assumable loan at 3.00% interest rate fixed thru Mid - 2027*** Pro Forma Cap Rate at 5.51%