
Paramount, California 90723
This High-Potential Investment Opportunity is listed at $340,000, positioned slightly above the $335,204 Fair Market Value. While not a discount buy, the property offers significant long-term upside through its Rare Parking Allocation and Expansion Potential via the attic. With a Fair Condition Rating, this unit provides a functional layout with in-unit laundry and access to a sparkling swimming pool and spa. Located in the Paramount Unified district, it is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, value-add asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15000 Downey 273 Subject | $340,000* List Price | 1 | 1 | 671 | $500 | - |
A 15000 Downey Avenue 355 Sold | $305,000 | 1 | 1 | 624 | $489 | 0.0 mi |
B 15000 Downey Sold | $340,000 | 1 | 1 | 630 | $540 | - |
C 15351 Orange 17 Sold | $429,900 | 2 | 2 | 852 | $505 | 0.8 mi |
D 15000 Downey 337 Pending | $299,900 List Price | 1 | 1 | 624 | $481 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1991 (33 years old). While the interior shows some cosmetic maintenance like updated laminate flooring and neutral paint, the kitchen and bathroom likely retain original 90s configurations. It is move-in ready but fits the 'Fair' criteria due to age and the need for modern updates to systems and cabinetry.
High School: Compton Early College High (9/10).
The inclusion of two private parking spaces is a significant and uncommon advantage for a one-bedroom condominium, providing exceptional convenience and added market value.
The unit features additional attic storage that offers rare extra space and the unique potential for a loft conversion, providing a clear path for future equity growth.
At 671 square feet, the living space is relatively small, which may limit appeal for buyers needing a home office or more versatile living areas.
The property is noted as having no specific views, which can be a competitive disadvantage compared to other units with more attractive outlooks from the balcony.
Spacious and airy, this is one of the larger one-bedroom condos in the community! The thoughtfully designed floor plan features a designated dining area and an open kitchen with abundant cabinet space, a breakfast bar, and additional seating. The generously sized bedroom offers an oversized closet, while convenient in-unit laundry hookups add everyday comfort. Additional attic storage provides valuable extra space and may offer potential for conversion into a loft. Step outside to the private balcony off the living room— perfect for relaxing, entertaining, or creating a cozy outdoor seating area. This unit also includes two private parking spaces—a rare bonus—plus ample guest parking. Community amenities include a sparkling swimming pool, heated spa, and a secured, private entrance gate. Ideally situated in the thriving City of Paramount, this condo is close to restaurants, shopping, entertainment, schools, parks, and convenient freeway access. Don’t miss this excellent opportunity!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.3 |
| Baths | 1.0 | 2.3 |
| Square foot | 671 | 1,035.333 |
| Lot Size | 152,602 | 37,192.333 |
| Price | $340.0K | $473.3K |
| Price per sq ft | $507 | $480 |
| Built year | 1991 | 1989 |
| HOA | $353.0 | $336 |
| Days on market | 12 | 68 |
Aug 28, 2026
$340,000
Initial Listing
Jun 13, 2014
$155,000
Public Record
Oct 23, 2009
$115,000
Public Record
Mar 18, 1998
$52,000
Public Record