13838 Arthur, Paramount, CA 90723
Local realty services provided by:ERA North Orange County Real Estate
13838 Arthur,Paramount, CA 90723
$2,995,000
- - Beds
- - Baths
- 7,800 sq. ft.
- Multi-family
- Active
Listed by: john chelius
Office: property works re, inc.310-722-0360
MLS#:PW26175840
Source:CRMLS
Price summary
- Price:$2,995,000
- Price per sq. ft.:$383.97
About this home
A rare nine-unit offering in Paramount that combines a genuinely exceptional unit mix, turnkey renovated condition, and legitimate ADU upside — all outside of local rent control.
Eight (8) large three-bedroom / two-bath units at approximately 905 SF, plus one (1) one-bedroom / one-bath at 440 SF. Three-bedroom apartments are almost impossible to replicate in today's construction environment, and they drive family tenancy, longer average tenure, lower turnover cost, and rent premiums that one- and two-bedroom product simply cannot command. The property sits on a 17,524 SF lot with 7,800 SF of building area and is 100% occupied at close of escrow.
The building has been fully renovated — roofs, windows, and all major systems, along with unit interiors and appliances. A buyer steps into stabilized, day-one cash flow without the deferred-maintenance capital plan that typically accompanies 1962-vintage product. The property is subject only to statewide AB 1482 — not a local rent-control ordinance — preserving annual increases up to the statutory cap and full vacancy decontrol on turnover under Costa-Hawkins.
Additional upside comes from the open parking areas which present a strong candidate ADU construction under SB 1211.
Offered at $3,100,000 — $344,444 per unit — on $205,494 of in-place NOI, a 6.63% current cap rate going to 6.98% pro forma on turnover to market rents. Nearby 2025–2026 sales in the Bellflower/Paramount submarket traded at 4.64%–5.75% caps and $314,063 per unit, making this an outsized in-place yield for renovated, family-sized product. Paramount is outside the City of Los Angeles and not subject to Measure ULA. Nine on-site parking spaces. Convenient to the 105 and 710 freeways, Downtown LA, LAX, and Long Beach....
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Home facts
- Year built:1962
- Listing ID #:PW26175840
- Added:50 day(s) ago
- Updated:October 01, 2026 at 12:04 PM
Rooms and interior
- Living area:7,800 sq. ft.
Structure and exterior
- Year built:1962
- Building area:7,800 sq. ft.
- Lot area:0.2 Acres
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,995,000
- Price per sq. ft.:$383.97
Features and amenities
- Laundry features:Inside
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