7121 San Mateo St
Paramount, CA 90723

Bd   Ba   6,868 Sqft   624 Days
We are pleased to present 7121 & 7126 San Mateo Street, an eight unit multifamily community located between Rosecrans Avenue and Somerset Boulevard just east of Orange Avenue in the great rental market of Paramount, CA. Located at the end of a quiet residential cul-de-sac, the subject property consists of two separate parcels, one built in 1938 and the other in 1963. The single-story property offers approximately 6,868 rentable square feet on a very large 25,528 square foot lot. The property comprises of 7 two bedroom/one bathroom units, and 1 three bedroom/two bathroom unit. Each unit has its own private lawn, garage, and open parking spaces. The buildings are separately metered for gas and electricity and each unit has its own water heater. This is a rare opportunity to acquire a quality add-value asset in the excellent rental market of Paramount, CA. The outstanding location, unit mix, and value-add opportunity would make this a great addition to any investor's portfolio. *Please note this is for the sale of the five unit building at 7121 San Mateo Street and the three unit building at 7126 San Mateo Street, properties to be sold together.
  • $0 HOA
  • $233/Sqft
  • MLS#PW16005979 provided by Ryan Gonzalez of Marcus & Millichap
  • Movoto last checked CRMLS for new data 15 minutes ago
  • CRMLS last updated this listing 2 months ago

Home Features for 7121 San Mateo Street, Paramount

Year Built: 1938
Lot Size Acres: 0.58
Lot Size Square Feet: 25528
Lot Size Units: Square Feet
Lot Size Area: 25528
Price Per Square Foot: 232.96
Tax Lot: 341
Tax Tract Number: 6251
New Taxes Expense: 20502
Parcel Number: 6241028006
Special Listing Conditions: Standard
Standard Status: Pending
Exterior
Levels: One
Common Walls: No Common Walls
Number Of Buildings: 8
Building Area Total: 6868
Parking Features: Covered Parking, Driveway, Garage, Uncovered
Uncovered Spaces: 13
Parking Total: 21
Garage Spaces: 8
Number Of Units Total: 8
Amenities / Utilities
Sewer: Unknown
Trash Expense: 2400
Water Sewer Expense: 2000
Electric Expense: 2000
Community Features: Curbs, Sidewalks, Street Lighting
Pool Features: None
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Property History for 7121 San Mateo Street, Paramount

Status
Date
Price
Pending
Mar 3, 2016
Listed
Jan 11, 2016
$1,600,000
#PW16005979

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Real Estate Market Statistics for 7121 San Mateo Street, Paramount

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7121 San Mateo Street

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Paramount
Paramount
90723
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$1.6M

7121 San Mateo Street

$465K

Paramount

17% y/y

Paramount

$407K

90723

4% y/y

90723

$407K

Paramount

4% y/y

Paramount

See all trends for Paramount
7121 San Mateo St in ZIP code 90723 is a multi family home currently listed for $1,600,000. This is 293% above the median of $407,450 for 90723 and 293% above the median price of $407,450 for the city of Paramount, CA. As of today, , there are 32 properties listed for sale in the 90723 area and 32 properties listed for sale in Paramount. Of those 32 properties for sale, 22 are single family homes and 10 are condos. 7121 San Mateo St is approximately 6,868 square feet, 483% above the Paramount median of 1,179 and 483% above the 90723 ZIP code median of 1,179. The price per square foot is $233, which is 26% below the median price in 90723 of $315 and 26% below the Paramount median of $315 per square foot.
Built in 1938, this multi family house at 7121 San Mateo St is approximately 6,868 square feet and comes with 21 parking spots. It is listed on 01/11/2016 with a cost per Sqft of $233. 7121 San Mateo St is located in the Paramount neighborhood in the Paramount Unified. The closest school is Los Cerritos School.

7121 San Mateo St has been on the market for 624 days. The median days on the market for properties in this area is 50 with a median list price of $407,450 and median cost per square foot of $315. It's currently listed as pending under the MLS #PW16005979.

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