16840 Passage, Paramount, CA 90723

Paramount
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
16840 Passage,Paramount, CA 90723
$1,625,000
  • - Beds
  • - Baths
  • 4,509 sq. ft.
  • Multi-family
  • Active
Listed by: juan huizar, lauren friedman
Office: sage real estate group, inc.
MLS#:PW26048011
Source:CRMLS

Price summary

  • Price:$1,625,000
  • Price per sq. ft.:$360.39

About this home

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.

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Home facts

  • Year built:1962
  • Listing ID #:PW26048011
  • Added:1 day(s) ago
  • Updated:March 07, 2026 at 11:28 PM

Rooms and interior

  • Flooring:Carpet
  • Bedroom Description:All Bedrooms Down
  • Living area:4,509 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1962
  • Building area:4,509 sq. ft.
  • Lot area:0.52 Acres
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,625,000
  • Price per sq. ft.:$360.39
Based on information from California Regional Multiple Listing Service, Inc. as of March 8, 2026 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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