Movoto Real Estate
Search
About Home value Property history Market statistics Schools Neighborhood Places of interest
Sold on 06/08/2024

15803 Passage Ave, Paramount, CA 90723

  • $1,250,000

    Last sold 06/08/2024 for $1.25M

  • 9

    bed

  • 5

    bath

  • 3,448

    Sqft ($363/Sqft)

Multi-family not for sale
Movoto is helping 59 homebuyers near you

About 15803 Passage Ave

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 6,392 Sqft
Movoto estimate
Parking 5 garage spaces
Property description
15803 Passage Avenue is a 4-unit multifamily investment asset located in the highly desirable rental market of Paramount. The property features (1) 3-bed/2-bath unit and (3) 2-bed/1-bath units, garage parking, and an onsite laundry facility. The city of Paramount does not have local rent control, offering significant potential for increased rents. The subject property has been owned by the same family for over 30 years and is an outstanding investment opportunity because of its great location and rental upside. The city of Paramount is subject to AB 1482, which currently allows for annual rent increases of up to 8.9%. All offers must include a current proof of funds and a pre-approval letter.
Listed by
Listing Agent - Nicholas Petrosian
Listing Office - Remax Commercial and Investment Realty
Source: The MLS mls logo
MLS#24-395045 • last updated 1 year ago
Movoto checked The MLS for data 5 minutes ago
Overview
Levels/Style Two
MLS # 24-395045
Type Residential Income
Status Sold
SqFt 3448
Lot Size (SqFt) 6392
Lot Size (Acres) 0.1467
Year Built 1963
Interior
Total # of Baths 5
Total # of Bedrooms 9
Exterior
# Garage Spaces 5
# Parking Spaces 4
Parking Desc Garage Is Attached
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning PARM*
APN 6268-016-029
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 2275
Unit 1: Projected Rent 2275
Unit 1: # Beds 2
Unit 4: # Beds 3
Unit 1: Rent 2000
Unit 2: Rent 1455
Unit 3: Rent 1400
Unit 4: Rent 1650
Unit 2: Furnished No
Unit 2: Projected Rent 2275
Unit 4: Projected Rent 2700
Unit 3: # Beds 2
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 2
Unit 4: Actual Rent 1650
Unit 2: Actual Rent 1455
Unit 3: Actual Rent 1400
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 2000
Total # Of Buildings 1
Net Operating Income 41202
Cap Rate 3.45
Vacancy Rate 3%
Gross Income 78060
Gross Operating Income 75838
Gross Rent Multiplier 15.3
Total Annual Expenses 34636
$1.25M
Range: $1.12M-$1.37M
Last 30 days 
  • Jul 2024
    mls logo MLS # 24-395045
  • Jul 10, 2024 Sold
    $1,250,000 (+4.6%)
  • Jun 8, 2024 Pending
    —
  • Jun 8, 2024 Active
    —
  • May 22, 2024 Listed
    $1,195,000
  • 15803 Passage Ave
    $1.25M
  • Paramount South Of Somerset
    —
  • 90723
    $639K 0% y/y
  • Paramount
    $639K 0% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
5/10
Jefferson Elementary School
public Grades K-5
Paramount Unified School District
7/10
Alondra Middle School
public Grades 6-8
Paramount Unified School District
5/10
Paramount High School
public Grades 9-12
Paramount Unified School District
2/10
Buena Vista High School
public Grades 9-12
Paramount Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Paramount South Of Somerset

Explore everything this neighborhood has to offer.
View homes for sale in 90723, CA
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Paramount, CA

Nearby homes for sale in Paramount, CA

Newest listings in 90723

  • Real Estate
  • CA
  • Los Angeles County
  • Paramount
  • 90723
  • 15803 Passage Ave
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by The MLS™. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
The data relating to real estate for sale on this web site comes in part from the Combined L.A./Westside MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Combined L.A./Westside MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 Combined L.A./Westside MLS. All rights reserved.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.