14015 ANDERSON STREET, PARAMOUNT, CA 90723

  • 14,112 sqft
  • Lot Size: 24,991 sqft
  • Built in 1963
  • MLS #PW23172605
For Sale $5,275,000
  • share

Description

We are pleased to present the Anderson Apartments for the first time on the market in almost 50 years. This compelling investment opportunity is situated on over 0.5 acres in Paramount, CA. The Anderson Apartments offers a 30% upside in rents, allowing investors the opportunity to increase cash flow and maximize the property’s value. This gated property consists of majority large 2-bedroom units featuring gas wall heating, gas cooking, and is individually metered for gas and electric. The lot consists of a mix of carport and covered parking, as well as open parking spaces. With amenities including a leased laundry facility, common yard, and a recently replaced carport roof, this apartment complex presents a fantastic opportunity for investors to achieve a 6.5% cap rate on market rents. DRIVE BY ONLY - PLEASE DO NOT DISTURB TENANTS.

FACTS / FEATURES

  • Built in 1963
  • Lot Size: 24,991 sqft
  • Parking: 11 spaces total

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Listing Provided by Chris Keramati, Triqor Group
Based on information from California Regional Multiple Listing Service, Inc. as of September 27, 2023. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.