New

$1,625,000

For Sale

3 days ago

16840 Passage Ave, Paramount, CA

Name: 16840 Passage Ave, For Sale in Paramount - eXp Realty
Brand: Sage Real Estate Group, Inc.
SKU: PW26048011
Price: 1625000 USD

Condo

MLS® PW26048011

0 Bed

0 Bath

10 Parking

Key Facts
Description
Rooms
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage Yes

HOA Fees

Taxes

Days Active 2

Approx. Age 1962

MLS® Number PW26048011

Property Address: 16840 Passage Ave, Paramount, CA, 90723-5606

Average square foot calculated using Size range provided by listing agent.

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, $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.

MLS® NumberPW26048011

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelNone

Exposure

Exterior

GarageYes

Approx. Age1962

Stories1

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 7, 2026List Date

$1,625,000List Price

Commute

Commute

Starting Address

Destination Address

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