
Paramount, California 90723
This Residential Income Duplex is a High-Potential Investment Opportunity, listed at $819,098—positioned well below the $859,158 Fair Market Value by 4%. This valuation gap offers $40,060 in Instant Equity. Featuring Detached Dual-Living Units and Exceptional Parking Capacity, the property maintains a Condition Rating of 3 with recent roof and kitchen upgrades. Located near Paramount High School, this asset provides stable rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking supplemental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15347 Virginia Avenue Subject | $819,098* List Price | 4 | 2 | 1,494 | $575 | - |
A 8014 1st Active | $849,900 List Price | 0 | 0 | 1,640 | $518 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1957, both units have undergone significant recent renovations including remodeled kitchens with granite countertops and newer cabinetry, updated bathrooms with newer plumbing, and roofs replaced approximately 3 years ago. The property is well-maintained and move-in ready, though it utilizes wall-mounted AC units rather than central HVAC.
The property features two completely detached residences on a single lot, providing superior privacy and appeal for both tenants and owner-occupants compared to traditional attached duplexes.
With a combined 8-car driveway capacity plus both attached and detached garages, the property offers rare and extensive parking options that are highly desirable in high-density rental markets.
Significant recent upgrades, including composition shingle roofs replaced approximately three years ago and remodeled kitchens with granite countertops, minimize immediate maintenance costs and enhance rental value.
The reliance on wall-mounted air conditioning units rather than a centralized HVAC system may be a drawback for tenants or buyers seeking modern, efficient climate control.
Originally constructed in 1957, the property may require ongoing attention to aging core systems such as plumbing or electrical components despite the recent cosmetic renovations.
Excellent investment opportunity featuring two detached residences on one lot in the heart of Paramount. This well-maintained duplex offers strong rental income potential with separate living spaces and desirable amenities. The front residence (15349) features 2 bedrooms, 1 full bathroom, a comfortable living room, an updated kitchen with granite countertops, newer cabinetry, sink faucet, flooring, and fresh paint. The remodeled bathroom includes a newer vanity, toilet, tub with ceramic tile surround, updated plumbing, and fresh paint. Additional highlights include wall-mounted air conditioning units in the bedrooms, two steel security doors, a detached garage, a 3-car driveway, a fenced front yard, a small private backyard, and a composition shingle roof replaced approximately three years ago. The rear residence (15347) offers a spacious living room, 2 bedrooms with individual wall-mounted air conditioning units, 1 full bathroom with updated vanity, toilet, and tub with tiled surround, and an upgraded kitchen featuring granite countertops, newer cabinetry, and vinyl tile flooring throughout the home. Additional features include an attached garage, an expansive 5-car driveway, a large front yard and oversized backyard, a newer composition shingle roof installed approximately three years ago, and a newer water heater. Washer and dryer are included. Both residences have been thoughtfully updated and are currently producing rental income, making this an ideal opportunity for investors or owner-users seeking supplemental income. Conveniently located near schools, shopping, dining, parks, and major transportation corridors with easy access to nearby freeways.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,494 | 1,342.75 |
| Lot Size | 7,502 | 6,782 |
| Price | $819.1K | $797.5K |
| Price per sq ft | $548 | $610 |
| Built year | 1957 | 1954 |
| HOA | $0 | $0 |
| Days on market | 23 | 212 |
Aug 17, 2026
$819,098
Initial Listing