8203 2nd, Paramount, California 90723, Paramount, 90723 - 0 bed, 0 bath
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Paramount, California 90723
This Value-Add Multi-Family Asset is listed at $900,000, offering a stable entry point near its $857,108 Fair Market Value. As a cosmetic fixer with a Condition Rating of 5, the property features three 2-bedroom units that present a significant opportunity for forced appreciation through renovation. The expansive 8,176 sq. ft. lot provides ample space for potential ADU expansion or increased parking. Proximity to Abraham Lincoln Elementary (8/10) and Compton Early College High (9/10) ensures strong long-term rental demand. This is a prime acquisition for Buy-and-Hold Investors or Contractors.
Property is extensive renovation needed.
Built in 1940, this triplex is explicitly described as a 'cosmetic fixer' that 'needs TLC.' The property analysis highlights vintage infrastructure and the need for capital improvements. With no interior images provided and a build date exceeding 80 years without mention of major recent renovations, the property likely requires substantial repairs and modernization to meet current standards.
High School: Compton Early College High (9/10).
This triplex features three 2-bedroom, 1-bathroom units, providing a desirable unit mix that offers significant rental upside and strong cash flow potential for investors.
Situated on a generous lot of over 8,000 sq. ft., the property offers ample space for tenant privacy, parking, or potential future expansion such as the addition of an ADU.
The property is noted as needing 'TLC' and cosmetic repairs, which will require an immediate upfront investment of time and capital from the buyer.
Built in 1940, the property may have aging systems or structural components that could lead to higher long-term maintenance costs compared to newer multi-family assets.
Great potential for this fixer triplex located on over an 8,000 sq. ft. lot with 3 large avocado trees. Two buildings house these three units with a good upside. Plenty of room to grow. Three 2 bed/1 bath units that all need to be upgraded, to receive top rent. Priced to sell. Make appointment with agent to show.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 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 | 1,616 | 1,808 | 50% |
| Lot Size | 8,176 | 7,204.5 | 67% |
| Price | $900.0K | $707.5K | 83% |
| Price per sq ft | $557 | $364 | 67% |
| Built year | 1940 | 1941 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 209 | 17% |
Mar 12, 2026
$900,000
Initial Listing