Paramount South of Somerset (RK) Homes with Apartment Subtype

Welcome to Paramount, a vibrant gem nestled in the heart of Los Angeles County, California. Known for its rich cultural diversity and welcoming community, Paramount offers a unique blend of suburban charm and urban convenience. With its proximity to major freeways and public transportation, residents enjoy easy access to the bustling energy of downtown Los Angeles, while still relishing the tranquility of suburban life.

One of the standout features of Paramount is its array of homes, particularly those with apartment subtypes. These residences provide an excellent opportunity for both first-time homebuyers and seasoned investors. Imagine owning a property that not only serves as your personal sanctuary but also generates rental income. The homes in Paramount often feature spacious layouts, modern amenities, and the potential for multi-family living, making them perfect for families or those looking to share living expenses.

The region boasts a variety of parks, schools, and local shops, creating a family-friendly atmosphere where community ties flourish. The annual events, such as the Paramount Summer Concert Series, foster a sense of belonging and celebrate the area's unique culture.

Whether you’re drawn to the appeal of a bustling community or the investment potential of multi-family homes, Paramount South of Somerset is a fantastic place to call home. Embrace the opportunity to live in a thriving neighborhood that balances the best of both worlds—urban excitement and suburban serenity. Your dream home awaits in this charming enclave of Los Angeles County!

Newest Paramount South of Somerset (RK) Homes with Apartment Subtype

$2,995,000

PW26175840 MLS ⋅ Active Status

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.

13838 Arthur, Paramount

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.