7224 Walnut Ave consists of eight large 2 bed + 1 bath units at the end of a quiet cul-de-sac in a single family residential neighborhood. The buildings were constructed in 1965 and boast a large 15,742 sq ft lot. There are washer and dryer hookups inside of each unit and select units have balconies or fenced yards. The property backs up to an equestrian center. There is approximately 50% upside in rental income and no city-specific rent control ordinance.
Sold for $2,150,000 on 08/18/23
Listing Provided by:
Justin White DRE #01267826 714-231-2537,
Justin White
Bought with: COMPASS
$2,150,000
7224 Walnut Ave, Paramount, CA 90723
16beds
8baths
6,528sqft
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$329/sqft
$2,433 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 27, 2023 at 11:59am
Listing Provided by:
Justin White DRE #01267826 714-231-2537,
Justin White
Bought with:
Edward Uriarte, DRE #01102702
COMPASS
Source: CRMLS,MLS#: PW23094650
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,528
- Total interior livable area: 6,528 sqft
Property
Features
- Levels: Multi/Split
- Entry location: 1
- Pool features: None
Lot
- Size: 0.36 Acres
- Features: Cul-De-Sac
Details
- Parcel number: 6236016011
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Stable(s), Suburban
Location
- Region: Paramount
Other
Other facts
- Listing terms: Cash to New Loan