Paramount Homes with One Level Stories

Paramount Homes with One Level Stories

Welcome to Paramount, California – a vibrant city nestled in the heart of Los Angeles County, where suburban charm meets urban convenience. Known for its rich cultural diversity and welcoming community, Paramount offers residents a unique blend of amenities, parks, and local attractions that make it a delightful place to call home.

One of the standout features of Paramount is its array of one-level story homes, perfect for those seeking convenience and accessibility. These beautifully designed residences are ideal for families, retirees, and anyone who appreciates the ease of single-story living. With spacious layouts and thoughtful designs, these homes provide the perfect canvas for creating lasting memories. Enjoy the luxury of having everything you need on one level, from cozy living spaces to inviting kitchens and serene backyards, making daily life not only easier but also more enjoyable.

The city boasts a variety of parks and recreational facilities, ensuring that outdoor enthusiasts have plenty of options for leisure and relaxation. Whether you’re taking a stroll in the local park, enjoying a picnic with family, or engaging in community events, Paramount fosters a strong sense of togetherness among its residents.

Moreover, with its prime location, Paramount offers easy access to major highways and public transportation, making commuting to downtown Los Angeles and surrounding areas a breeze. Discover the charm of Paramount and explore the possibilities that await you in one of its inviting one-level story homes. Your dream home in this delightful city is just a visit away!

Newest Paramount Homes with One Level Stories

7321 Richfield Street, Paramount
$1,945,000
CV26227051 MLS ⋅ Active Status
NEW PRICE! Exceptional opportunity to acquire a 7-unit multifamily property in the city of Paramount, featuring a desirable combination of three detached single-story Cottages and a two-story Fourplex. Delivering an attractive current 6.22% current CAP Rate and 10.98 GRM, this investment offers strong day-one cash flow, spacious floor plans, and a unique residential setting that distinguishes it from traditional apartment properties. Situated on a generous 18,708 sq. ft. lot, the property features an excellent unit mix consisting of one 3-Bedroom/1-Bath detached cottage with a 2-car garage, two 2-Bedroom/1-Bath cottages with attached garages, and four 2-Bedroom/1-Bath units within the fourplex. Totaling approximately 6,826 rentable square feet, the property's large units and detached cottage configurations offer added privacy and appeal to discerning renters seeking more spacious living accommodations. Residents enjoy desirable amenities including private yards, individual laundry hookups, and ample onsite parking. The property has also benefited from improvements including copper plumbing and updated interiors, while air conditioning in all units provides additional comfort and convenience. Ideally located in Paramount with convenient access to the 105, 710, 605, and 91 freeways, the property offers excellent connectivity to surrounding employment centers and is situated near schools, parks, shopping, and dining. Combining strong current cash returns, a desirable mix of detached cottages and apartment units, substantial land area, and an excellent location, this offering presents an outstanding opportunity for investors seeking a well-positioned multi-family asset with lasting rental appeal.

7321 Richfield Street, Paramount

7307 Motz, Paramount
$1,349,000
RS26221674 MLS ⋅ Active Status
4 DETACHED HOMES + MAJOR DEVELOPMENT POTENTIAL Rare value-add investment opportunity featuring four detached residences plus approximately 4,600 square feet of additional land at the rear of the property. With below-market rents, month-to-month tenants and significant development potential, this property offers an investor multiple paths to increase income and long-term value. The existing property consists of: • 2 Bedroom / 1 Bath + Garage • 3 Bedroom / 1 Bath • 1 Bedroom / 1 Bath + 1-Car Garage • 2 Bedroom / 1 Bath + Garage All four residences are currently rented below market, with tenants on month-to-month agreements, providing potential for increased rental income over time, subject to applicable laws and tenant protections. THE REAL OPPORTUNITY IS IN THE DEVELOPMENT POTENTIAL According to information provided by the City, an owner may have two potential development strategies to explore. Option 1 – Maintain the Detached Configuration Leave the four existing residences detached and potentially develop an ADU of up to approximately 1,200 square feet on the rear portion of the property, with the potential for its own garage and private yard. Option 2 – Explore a Larger Development Plan According to information provided by the City, by connecting the existing residences with a relatively simple block-wall configuration and satisfying applicable City requirements, there may be an opportunity to develop up to eight additional units on the property. This creates a unique opportunity for an investor or developer: continue operating the existing four residences while improving rents over time, add a large ADU while maintaining the detached-home configuration, or investigate a more substantial development plan that could dramatically increase the property's unit count and income potential. Four existing detached residences. Below-market rents. Month-to-month tenants. Approximately 4,600 square feet of additional land. Potential for a 1,200-square-foot ADU or a larger development of up to eight additional units. Buyer to independently verify all zoning, development, ADU, density, parking, utility and construction requirements with the City of Paramount and appropriate governmental agencies. No representation or guarantee is made regarding final development approval.

7307 Motz, Paramount

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.

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