Paramount, CA 90723,7224 Walnut Avenue

$2,150,000

Est. payment /mo

$2,350,000

8.5%
Est.Price: ?

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7224 Walnut Avenue Paramount, CA 90723

6,528 SqFt

SOLD DATE : 08/18/2023

Key Details

Sold Price $2,150,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 6,528 sqft

Price per Sqft $329

MLS Listing ID CRPW23094650

Sold Date 08/18/23

HOA Y/N No

Year Built 1965

Lot Size 0.361 Acres

Acres 0.36

Property Description

7224 Walnut Ave consists of eight large 2 bed + 1 bath units at the end of a quiet cul-de-sac in a single family residential neighborhood. The buildings were constructed in 1965 and boast a large 15,742 sq ft lot. There are washer and dryer hookups inside of each unit and select units have balconies or fenced yards. The property backs up to an equestrian center. There is approximately 50% upside in rental income and no city-specific rent control ordinance.

Location

State CA

County Los Angeles

Area Paramount North Of Somerset

Interior

Fireplace No

Laundry Other

Building

Lot Description Cul-De-Sac

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 6236016011

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Bridge MLS
Listed by Justin White • Justin White
Bought with EdwardUriarte
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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