10
See all 10 photos
$1,349,000
Est. payment /mo
8 Beds
4 Baths
0.41 Acres Lot
New
7307 Motz Paramount, CA 90723
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26221674
Bedrooms 8
Lot Size 0.409 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
4 DETACHED HOMES + MAJOR DEVELOPMENT POTENTIAL Rare value-add investment opportunity featuring four detached residences plus approximately 4,600 square feet of additional land at the rear of the property. With below-market rents, month-to-month tenants and significant development potential, this property offers an investor multiple paths to increase income and long-term value. The existing property consists of: 2 Bedroom / 1 Bath + Garage 3 Bedroom / 1 Bath 1 Bedroom / 1 Bath + 1-Car Garage 2 Bedroom / 1 Bath + Garage All four residences are currently rented below market, with tenants on month-to-month agreements, providing potential for increased rental income over time, subject to applicable laws and tenant protections. THE REAL OPPORTUNITY IS IN THE DEVELOPMENT POTENTIAL According to information provided by the City, an owner may have two potential development strategies to explore. Option 1 Maintain the Detached Configuration Leave the four existing residences detached and potentially develop an ADU of up to approximately 1,200 square feet on the rear portion of the property, with the potential for its own garage and private yard. Option 2 Explore a Larger Development Plan According to information provided by the City, by connecting the existing residences with a relatively simple block-wall configuration and satisfying applicable City requirements, there may be an opportunity to develop up to eight additional units on the property. This creates a unique opportunity for an investor or developer: continue operating the existing four residences while improving rents
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Alondra and West of Garfield
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7102009026
Listed by David Smith, DRE#01353125 REMAX Professionals
NEARBY SCHOOL & BUSINESS
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