8356 Gardendale Street, Paramount, CA 90723

Local realty services provided by:Better Homes and Gardens Real Estate Champions
8356 Gardendale Street,Paramount, CA 90723
$19,500,000
  • 123 Beds
  • 123 Baths
  • 61,439 sq. ft.
  • Multi-family
  • Active
Listed by:joshua cohen
Office:keller williams realty
MLS#:25598003
Source:CRMLS

Price summary

  • Price:$19,500,000
  • Price per sq. ft.:$317.39

About this home

Nestled directly on the border of vibrant Paramount and Downey, the Gardendale Park Apartments stand out as a rare gem for discerning investors. Built in 1988 and spanning 61,439 square feet on a generous 1.11 acre lot, this 76-unit community offers a perfect blend of suburban charm and urban accessibility. Priced attractively at $19,500,000 ($256,579 per unit), it's an enticing value-add opportunity in a market where multifamily assets continue to thrive, delivering a Cap Rate of 6.12% and a GRM of 9.81 with untapped potential. The success of this investment lies in efficient and proactive management. To date, approximately half of the large units have been upgraded with items such as new countertops and kitchen cabinetry and upgraded flooring, window treatments and vanities. The remaining 50% of the units present an opportunity for value creation. By completing unit turns and improving leasing execution, a new owner can potentially increase annual NOI by approximately $350,000.

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Home facts

  • Year built:1988
  • Listing ID #:25598003
  • Added:1 day(s) ago
  • Updated:September 27, 2025 at 04:25 AM

Rooms and interior

  • Bedrooms:123
  • Total bathrooms:123
  • Living area:61,439 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1988
  • Building area:61,439 sq. ft.
  • Lot area:1.11 Acres

Finances and disclosures

  • Price:$19,500,000
  • Price per sq. ft.:$317.39
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