6733 Caro Street 47, Paramount, California 90723, Paramount, 90723 - 3 bed, 2 bath
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Paramount, California 90723
This Turnkey Income-Producing Asset is listed at $619,000, positioned near its $577,754 Fair Market Value. Maintaining a Condition Rating of 4, the residence features New Central A/C, fresh interior paint, and a Pool View within a secure Gated Community. The property serves as a high-demand rental, currently generating $3,500 in monthly income, and is served by the 9/10 rated Compton Early College High. This well-maintained residence offers a blend of immediate cash flow and long-term stability, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6733 Caro Street 47 Subject | $619,000* List Price | 3 | 2 | 1,422 | $406 | - |
A 7260 Richfield Street 318 Sold | $489,900 | 3 | 2 | 1,141 | $429 | 1.0 mi |
B 6882 Alondra 26 Sold | $470,000 | 2 | 2 | 1,058 | $444 | 0.1 mi |
C 6882 Alondra Boulevard 26 Sold | $470,000 | 2 | 2 | 1,058 | $444 | 0.1 mi |
D 6535 72 Nd 1 Active | $515,000 List Price | 3 | 3 | 1,283 | $401 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property has received recent functional upgrades such as a new central AC/heating system, fresh paint, and updated vinyl and tile flooring. However, the kitchen features dark wood cabinets and granite-look laminate countertops, and the bathrooms have similar vanities and countertops, which, while clean and functional, appear stylistically dated. Popcorn ceilings are also visible throughout. These elements suggest that while the property is well-maintained and move-in ready, the kitchen and bathrooms would benefit from minor cosmetic updates to align with current design trends, fitting the 'Fair' criteria of being aged but maintained with functional components showing signs of being outdated.
High School: Compton Early College High (9/10).
The property is explicitly marketed as an 'Excellent income-producing investment opportunity with immediate cash flow,' currently generating $3,500 in monthly income, making it a turnkey asset for investors.
Key recent upgrades include a new central air conditioning and heating system, fresh interior paint, and updated flooring, enhancing its appeal and reducing immediate maintenance needs. The community is also well-maintained.
The association fee of $405.0 per month is a significant recurring cost that impacts the overall profitability for investors or the monthly budget for owner-occupants.
Built in 1979, the building is over 40 years old. While the unit has recent upgrades, the age of the overall structure and common elements could lead to potential future special assessments for major repairs or renovations.
As a condominium unit with balcony access, it offers limited private outdoor space compared to a single-family home, which may not appeal to all potential buyers or renters, especially those with pets or a desire for a private yard.
Well-maintained 3-bedroom, 2-bath, two-story condo located in a gated, landscaped community in Paramount with convenient access to Los Angeles, Long Beach, and Orange County. The home features a bright living area with balcony access, an open kitchen, and a practical layout designed for comfort and privacy. The upstairs primary suite includes a private bathroom and two spacious closets. Two additional bedrooms and a full bathroom are located on the lower level. Recent upgrades include new central A/C and heating, fresh interior paint, and updated flooring. The unit also includes laundry hookups and two assigned parking spaces directly next to the home. The community offers mature trees, green spaces, and walking paths, with nearby access to shopping, parks, schools, and major commuter routes. Don’t miss the opportunity to own in this desirable gated community.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-3 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 75% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,422 | 1,070 | 88% |
| Lot Size | 168,206 | 116,541.5 | 63% |
| Price | $619.0K | $472.5K | 94% |
| Price per sq ft | $435 | $464 | 31% |
| Built year | 1979 | 1981 | 44% |
| HOA | $405.0 | $349 | 75% |
| Days on market | 78 | 199 | 6% |
Mar 25, 2026
$619,000
$637,500
-3% Price Drop
Initial Listing
Feb 3, 2026
$637,500
Initial Listing
Dec 15, 2015
$230,000
Public Record
Jun 12, 2006
$360,000
Public Record
Oct 19, 2004
$260,000
Public Record
Apr 16, 1999
$94,000
Public Record