8225 2nd Street, Paramount, California 90723, Paramount, 90723 - bed, bath
ACTIVE$1,500,000
8225 2nd Street, Paramount, California 90723
0Bed
0Bath
1,813Sqft
9,203Lot
Year Built
1953
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$827
HOA
-
Days on market
-
Sold On
-
MLS number
CV25177556
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.50M(88th), sqft - 1813(38th), beds - undefined(50th), baths - undefined(50th).
Investor opportunity in Paramount! This triplex sits on a spacious 9,201 sq ft R3-zoned lot and includes three income-producing units: two 1 bed / 1 bath units and one 2 bed / 1 bath unit with a private garage. All units are tenant-occupied. Each unit has separate gas and electric meters; water is shared. R3 zoning may allow for future expansion, ADU, garage conversion, or the addition of a 4th unit, buyer to verify all potential with the City of Paramount. Conveniently located near the 710, 105, and 91 freeways, with strong rental demand and access to regional job centers. Paramount continues to invest in city-wide improvements including parks, infrastructure, and the upcoming Southeast Gateway light rail connection to Downtown LA. A strategic opportunity for any investor portfolio.
Nearby schools
4/10
Harry Wirtz Elementary School
Public,•K-5•0.3mi
8/10
Abraham Lincoln School
Public,•K-5•0.4mi
6/10
Jefferson Elementary School
Public,•K-5•0.5mi
5/10
Theodore Roosevelt
Public,•K-5•0.9mi
4/10
Howard Tanner School
Public,•K-5•1.1mi
6/10
Major Lynn Mokler School
Public,•K-5•1.2mi
6/10
Los Cerritos School
Public,•K-5•1.2mi
5/10
Wesley Gaines School
Public,•K-3•1.2mi
8/10
Ward Elementary School
Public,•K-3•1.4mi
7/10
Carpenter Elementary School
Public,•4-5•1.5mi
5/10
Mark Keppel School
Public,•K-5•1.5mi
5/10
Paramount Park Middle School
Public,•6-8•0.3mi
4/10
Alondra Middle School
Public,•6-8•0.8mi
4/10
Leona Jackson School
Public,•4-8•1.4mi
4/10
Frank J. Zamboni School
Public,•6-8•1.4mi
7/10
Clinton, William Jefferson School
Public,•PK-8•1.6mi
5/10
Sussman Middle School
Public,•6-8•1.8mi
6/10
Hollydale School
Public,•K-8•1.8mi
4/10
Roosevelt Middle School
Public,•6-8•3.2mi
5/10
Paramount High School
Public,•9-12•0.3mi
3/10
Dominguez High School
Public,•9-12•1.6mi
/10
Buena Vista High School
Public,•9-12•2.9mi
7/10
Downey High School
Public,•9-12•3.2mi
9/10
Compton Early College High
Public,•9-12•5.1mi
Price History
Date
Event
Price
08/18/25
Listing
$1,500,000
Condition Rating
Poor
Built in 1953, this triplex shows significant age and deferred maintenance on the exterior, including worn paint, old fencing, and cracked concrete. The lack of interior photos for tenant-occupied units strongly suggests that kitchens, bathrooms, flooring, and other systems are original or very outdated, requiring substantial repairs and rehabilitation to meet current standards. The listing emphasizes the R3 zoning and development potential, indicating the existing structures are likely not the primary value driver in their current condition.
Pros & Cons
Pros
Immediate Income Generation: This triplex features three tenant-occupied units, providing immediate and consistent rental income for an investor.
Significant Development Potential: Situated on a spacious 9,201 sq ft R3-zoned lot, the property offers substantial potential for future expansion, ADU additions, garage conversions, or even the development of a fourth unit, subject to city verification.
Individual Utility Metering: Each unit benefits from separate gas and electric meters, simplifying utility management for the landlord and promoting tenant responsibility for consumption.
Strategic Location & Rental Demand: Conveniently located with excellent access to the 710, 105, and 91 freeways, the property is in an area with strong rental demand and proximity to regional job centers.
Future Appreciation Prospects: Ongoing city investments in Paramount's infrastructure, including parks and the upcoming Southeast Gateway light rail connection, suggest strong long-term growth and appreciation potential for the asset.
Cons
Shared Water Utility: Water service is shared among all units, which typically means the landlord is responsible for this utility, potentially leading to higher and less controllable operating expenses.
Property Age & Condition: Built in 1953, the property's age suggests a higher likelihood of deferred maintenance, outdated systems, and the potential need for significant capital expenditures for renovations or repairs.
Tenant Occupancy Constraints: While income-generating, the existing tenant occupancy may limit immediate opportunities for a new owner to implement significant renovations, occupy a unit, or adjust rents without navigating tenant rights and potential relocation requirements.