7249 Marcelle, Paramount, California 90723, Paramount, 90723 - 0 bed, 0 bath
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Paramount, California 90723
This Residential Income Duplex presents a Prime Investment Opportunity with a List Price of $949,999—positioned well below the $974,815 Fair Market Value by 2%. This valuation gap offers $24,816 in Instant Equity for buyers. The property features two legal homes on a large 8,038 sqft lot with significant ADU potential and a rare assumable low-interest loan. While maintaining a Condition Rating of 4, its proximity to Compton Early College High (9/10) ensures strong rental demand. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield family compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7249 Marcelle Subject | $949,999* List Price | 0 | 0 | 1,770 | $551 | - |
A 7229 Jackson Street Active Under Contract | $790,000 List Price | 0 | 0 | 1,354 | $583 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, the property features two units with some cosmetic updates including laminate flooring and newer paint. However, the 'As-Is' sale condition and the age of the structures suggest that while functional, the primary systems and kitchens/baths likely exceed 20 years since a full renovation and require modernization.
High School: Compton Early College High (9/10).
The property features two legal separate homes on a single parcel, providing an ideal setup for multi-generational living or a 'live-in one, rent the other' investment strategy.
The listing offers an assumable loan with a low interest rate, representing a significant financial incentive and monthly savings for qualified buyers in the current market.
The property is being sold in 'As-Is' condition, which suggests that the buyer should budget for potential repairs, deferred maintenance, or necessary upgrades.
Built in 1939, the structures may feature aging systems and utility components that could require modernization to meet contemporary building standards and efficiency.
UNIQUE INVESTMENT PROPERTY OR FAMILY COMPOUND! Two legal separate homes (7247 and 7249) on one parcel. Live in one and rent the other! Each unit features 2 bedrooms and one bathroom. Back house (7249) has an extra room that can be used as a third bedroom or den. Back house (7249) also has an attached 1 car garage. Room to add an ADU for extra income, long driveway for added parking. Sold AS IS Condition. Property is conveniently located near schools, shopping area, public transportation and easy access to 91 and 710 freeways.
No exterior & parking available.
Grades K-3 • 0.1 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,770 | 1,770 | 50% |
| Lot Size | 8,038 | 6,728 | 67% |
| Price | $950.0K | $800.0K | 67% |
| Price per sq ft | $537 | $537 | 50% |
| Built year | 1939 | 1939 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 241 | 33% |
Apr 26, 2026
$949,999
Initial Listing
Dec 29, 2021
$807,000
Public Record