About this home

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 over time, add a large ADU while maintaining the detached-home configuration, or investigate a more substantial development plan that could dramatically increase the property's unit count and income potential. Four existing detached residences. Below-market rents. Month-to-month tenants. Approximately 4,600 square feet of additional land. Potential for a 1,200-square-foot ADU or a larger development of up to eight additional units. Buyer to independently verify all zoning, development, ADU, density, parking, utility and construction requirements with the City of Paramount and appropriate governmental agencies. No representation or guarantee is made regarding final development approval.

Facts and features

Schools

• Wesley Gaines School

  elementary · K-5 · 0.2 mi

  6

• Leona Jackson School

  middle · 6-8 · 0.2 mi

  6

• Paramount High School

  high · 9-12 · 1.5 mi

  5

• Our Lady Of The Rosary School

  elementary · 0.9 mi

• Frank J. Zamboni School

  middle · 6-8 · 0.5 mi

  6

• Mark Keppel School

  elementary · K-5 · 0.7 mi

  4

Price history

• Oct 14, 2026 · Listed$1,349,000
• Apr 13, 2023 · Sold$640,000

Tax history

• 2025$16,947 tax · $1,273,449 assessed
• 2024$16,433 tax · $1,248,480 assessed
• 2023$16,135 tax · $1,200,000 assessed
• 2022$2,641 tax · $87,729 assessed
• 2021$2,578 tax · $86,009 assessed
• 2020$2,547 tax · $85,128 assessed
• 2019$2,591 tax · $83,460 assessed
• 2018$2,189 tax · $81,825 assessed

Home value

$1,317,000

• Collateral Analytics$1,317,000

Where it is