16840 Passage Paramount Ca

Paramount, CA 90723

$1,625,000
Price
10
Beds
5
Baths
4,509 Sq. Ft.
$360 / Sq. Ft.
4,509
Sq. Ft.
$360
per Sq. Ft.
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Pending
Pending
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Description

Excellent value-add opportunity in the heart of Paramount. This rare 5-unit bungalow/cottage-style multifamily property offers a highly desirable layout consisting of one duplex and three detached units, creating a private single-family-home feel that tenants love. Properties with this type of configuration are rarely available and are highly attractive. All five units feature 2 bedroom and 1 bathroom, and each unit includes a one-car garage, a highly desirable amenity. Current rents are $2,200,...Excellent value-add opportunity in the heart of Paramount. This rare 5-unit bungalow/cottage-style multifamily property offers a highly desirable layout consisting of one duplex and three detached units, creating a private single-family-home feel that tenants love. Properties with this type of configuration are rarely available and are highly attractive. All five units feature 2 bedroom and 1 bathroom, and each unit includes a one-car garage, a highly desirable amenity. Current rents are $2,200, $1,900, $1,900, $1,900, $1,980. Are units are now month to month. The property sits on a large approximately 0.52-acre lot and offers about 4,500+ square feet of living space, providing investors with both current income and future potential. The oversized lot may also offer potential for adding additional units (buyer to verify with the city.) Several long-term tenants provide stable occupancy, while the property presents significant upside potential through renovations and rental increases. The unique layout, garage parking, and spacious lot make this an appealing investment for buyers seeking both stability and long-term growth. Ideally located north of the California State Route 91 with convenient access to major freeways including Interstate 605, Interstate 710, and Interstate 105, providing easy connectivity to employment centers throughout Los Angeles County. Nearby shopping, dining, and entertainment can be found at Lakewood Center and Downey Landing, with convenient proximity to the job centers and amenities of Long Beach. With its rare cottage-style configuration, garage parking for every unit, stable occupancy, large lot, and strong value-add potential, this property represents an excellent opportunity for investors looking to add a well-located multifamily asset to their portfolio.
  1. Listed by Juan Huizar • DRE #01417642 • Brokerage DRE #02163228 • Sage Real Estate Group, Inc. • 562-307-0838
  2. Listed by Lauren Friedman • DRE #01898581 • Brokerage DRE #01917184 • Keller Williams Pacific Estate

Property Details for 16840 Passage Paramount Ca

View
Neighborhood
Parking Spaces Total
10
Private Pool
No
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4509
Assessor Parcel Number
7107-009-019
LISTING UPDATED: 03/18/2026 03:37 AM

Property Details for 16840 Passage Paramount Ca

StatusPending
MLS #PW26048011
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1962
CountyLos Angeles County
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Location

Listing Courtesy of Sage Real Estate Group, Inc., Juan Huizar, DRE #01417642; Keller Williams Pacific Estate, Lauren Friedman, DRE #01898581
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Building Information for 16840 Passage Paramount Ca

Building/Complex16840 Passage Paramount CswyFloor-Stories1Residences-Pet Policy-Pet Policy Details-Year Built1962Building Size-

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$8,183 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,183

Property Taxes

$0

HOA Dues

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Property Information for 16840 Passage Paramount Ca

Rental Info
Rental Info
  • Tenant Pays: Gas, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $118,560
  • Gross Scheduled Income: $118,560
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $80,171
  • Gross Multiplier: 13.7
  • Cap Rate: 4.93
Expense Details
  • Operating Expense: $38,389
  • New Taxes Expense: $12,313
  • Gardener Expense: $960
  • Licenses Expense: $500
  • Pest Control Expense: $720
  • Insurance Expense: $2,950
  • Maintenance Expense: $3,750
  • Professional Management Expense: $3,000
  • Trash Expense: $8,580
  • Water Sewer Expense: $5,616
  • Total Expenses: $38,389
Tax / Assessment Info
  • Tax Block: 19
  • Tax Tract Number: 0
  • CFD/Mello-Roos Fee: $2,820
  • Tax Lot: 49
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Laundry: No
  • Laundry Features: None
  • Flooring Type: Carpet
  • Flooring: Carpet
Exterior Features
  • Roof: Composition
  • Entry Location: ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Green Info
  • Walk Score: 59
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned, Direct Entrance, Garage, Garage - 1 Car, Garage - 2 Car
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage, Concrete, Assigned, Paved, Direct Garage Access, Garage - Single Door, Garage - Two Door
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,980
  • Unit Type Total Rent: $1,980
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 16840 Passage Paramount Ca

DateEvent & SourcePriceAppreciation
Mar 18, 2026

Pending

CRMLS #PW26048011

—
Mar 17, 2026

Pending

SDMLS #PW26048011

—
Mar 17, 2026

Pending

CLAW #PW26048011MR

—
DateEvent & SourcePrice
03/18/2026

Pending

CRMLS #PW26048011

—
03/17/2026

Pending

SDMLS #PW26048011

—
03/17/2026

Pending

CLAW #PW26048011MR

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 16840 Passage Paramount Ca

This home is within Paramount Unified School District.
Rating
School
Type
Grades
Distance
Major Lynn Mokler School
Public - K to 5
Alondra Middle School
Public - 6 to 8
Buena Vista High School
Public - 9 to 12
Paramount High School
Public - 9 to 12
Rating
School
Distance
Major Lynn Mokler School
PublicK to 5

Alondra Middle School
Public6 to 8

Buena Vista High School
Public9 to 12

Paramount High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sage Real Estate Group, Inc., Juan Huizar, DRE #01417642; Keller Williams Pacific Estate, Lauren Friedman, DRE #01898581

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.