Description
The subject property is a single family residence located on a large (50+GG by 153+GG) 7,598 square foot lot that has been rezoned to medium density multi-residential. The adjacent lot has an auto repair business on it and the properties can be purchased together to allow new development of 6 apartment/townhome or condo units. The tax assessor records indicate that the improvements are 594 square feet with a 1 bedroom 1 bath SFR. The City of Paramount confirmed that an addition was permitted in 1993 for 390 square feet, and a recent taping of the house came in at 1,124 square feet with 3 bedrooms and 1.75 bathrooms. BUYER TO VERIFY ALL SQUARE FOOTAGE, THE NUMBER OF LEGALLY PERMITTED BEDROOMS & ZONING USES. The house has been rented to a tenant under the Section 8 program since 2007 and the current rent is $1,450 in total. The property could be purchased for an investment as well as owner-user. The property is located on a residential street just one parcel off of Paramount Blvd but adjacent to commercial properties. Just a few blocks away on Paramount is Roosevelt Elementary and Paramount Elementary School and a very large park with a public pool . The property is one city block south of the 105 freeway, providing convenient access.
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3BEDS
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0.17ACRES
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2BATHS
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01/2 BATHS
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1,124SQFT
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$400$/SQFT
Description
The subject property is a single family residence located on a large (50+GG by 153+GG) 7,598 square foot lot that has been rezoned to medium density multi-residential. The adjacent lot has an auto repair business on it and the properties can be purchased together to allow new development of 6 apartment/townhome or condo units. The tax assessor records indicate that the improvements are 594 square feet with a 1 bedroom 1 bath SFR. The City of Paramount confirmed that an addition was permitted in 1993 for 390 square feet, and a recent taping of the house came in at 1,124 square feet with 3 bedrooms and 1.75 bathrooms. BUYER TO VERIFY ALL SQUARE FOOTAGE, THE NUMBER OF LEGALLY PERMITTED BEDROOMS & ZONING USES. The house has been rented to a tenant under the Section 8 program since 2007 and the current rent is $1,450 in total. The property could be purchased for an investment as well as owner-user. The property is located on a residential street just one parcel off of Paramount Blvd but adjacent to commercial properties. Just a few blocks away on Paramount is Roosevelt Elementary and Paramount Elementary School and a very large park with a public pool . The property is one city block south of the 105 freeway, providing convenient access.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-14T00:27:39.633. 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 deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.