Paramount Homes under $2 million

Paramount Homes under $2 million

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Newest Paramount Homes under $2 million

7321 Richfield Street, Paramount
$1,995,000
CV26227051 MLS
Just Listed! Exceptional opportunity to acquire a 7-unit multifamily property in the city of Paramount, featuring a desirable combination of three detached single-story Cottages and a two-story Fourplex. Delivering an attractive 6% current CAP Rate and 11.26 GRM, this investment offers strong day-one cash flow, spacious floor plans, and a unique residential setting that distinguishes it from traditional apartment properties. Situated on a generous 18,708 sq. ft. lot, the property features an excellent unit mix consisting of one 3-Bedroom/1-Bath detached cottage with a 2-car garage, two 2-Bedroom/1-Bath cottages with attached garages, and four 2-Bedroom/1-Bath units within the fourplex. Totaling approximately 6,826 rentable square feet, the property's large units and detached cottage configurations offer added privacy and appeal to discerning renters seeking more spacious living accommodations. Residents enjoy desirable amenities including private yards, individual laundry hookups, and ample onsite parking. The property has also benefited from improvements including copper plumbing and updated interiors, while air conditioning in all units provides additional comfort and convenience. Ideally located in Paramount with convenient access to the 105, 710, 605, and 91 freeways, the property offers excellent connectivity to surrounding employment centers and is situated near schools, parks, shopping, and dining. Combining strong current cash returns, a desirable mix of detached cottages and apartment units, substantial land area, and an excellent location, this offering presents an outstanding opportunity for investors seeking a well-positioned multi-family asset with lasting rental appeal.

7321 Richfield Street, Paramount

Listing courtesy of Listing Agent: Kristopher German (kris@theapartmentdealer.com) from Listing Office: RE/MAX 2000 REALTY.

16601 Garfield Ave Unit 91, Paramount
$170,000
2 Beds ⋅ 1 Baths ⋅ SB26224553 MLS
Welcome to your dream mobile home! This exceptional residence offers a combination of convenience, spaciousness, serenity, and accessibility that will exceed your expectations. One of the standout features of this mobile home is its unbeatable location. Situated in close proximity to a Target, Home Depot, and several grocery stores to accommodate your grocery needs, you'll enjoy the convenience of having all your shopping needs just a few short minutes away. Additionally, with easy access to two freeways commuting the surrounding areas is extremely easy. Step inside and discover a roomy and inviting living space. The mobile home boasts two bedrooms, providing room for relaxation and privacy. With one bathroom. This home has a spacious backyard for family gatherings, with a long driveway for up to three cars! It is the only home with a Deck in font of the house. The home has a new roof and new foundation. You'll have the convenience of multiple facilities to accommodate your daily routines. Beyond the practicality, this mobile home offers a sense of tranquility and comfort. Serenity is of utmost importance. Whether you're entertaining friends or spending quality time with family, the spacious interior provides plenty of room to move and create lasting memories. Don't miss out on the chance to make this mobile home your very own. Your dream home awaits you in Paramount, CA.

16601 Garfield Ave Unit 91, Paramount

Listing courtesy of Listing Agent: Antonio Castelan Arroyo (antoniocastelan003@gmail.com) from Listing Office: Coldwell Banker Envision.

7307 Motz, Paramount
$1,349,000
RS26221674 MLS
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.

7307 Motz, Paramount

Listing courtesy of Listing Agent: David Smith (davesmith@remax.net) from Listing Office: REMAX Professionals.

16211 Downey Unit 92, Paramount
$430,000
1 Beds ⋅ 1 Baths ⋅ PW26217271 MLS
Welcome home to a spacious and nicely updated corner unit in Lake Terrace. This 1 bedroom, 1 bath home features a large patio, private laundry, and tons of community amenities to feel like you're living at a luxury resort. Stroll along the walkways to enjoy the well manicured landscaping and waterways, on your way to the tennis courts that are just steps away. Hot days will be cool relaxing pool side! Featuring updated kitchen and bathroom finishes, brand new carpet in the bedroom, fresh paint throughout the interior, and stylish laminate floors in the living/dining rooms and kitchen. Being on the corner allows for added privacy and quiet, with abundant light in the open floor plan living/dining areas. The quartz mantled fireplace anchors the living room, and central HVAC system keeps you comfortable year-round. This is a lower level unit with a level entry. Gated parking community with two assigned parking spaces - one carport and one right by your entry. Featuring huge closets and plenty of storage. Close to the Civic Center in Paramount for easy shopping and dining. Convenient to Bellflower, Long Beach and Lakewood. Enjoy the quaint neighborhood while still being close to freeways. There are multiple visitor parking spaces right by the unit for your dinner parties in your beautiful condo!

16211 Downey Unit 92, Paramount

Listing courtesy of Listing Agent: Angie Rebennack (angie.r@kw.com) from Listing Office: Keller Williams Pacific Estate.

6824 Marcelle Street, Paramount
$880,000
6 Beds ⋅ 3 Baths ⋅ IV26220811 MLS
Excellent Opportunity: HOUSE with an ADU IN PARAMOUNT!!! Attention Buyers: ADU Rental Income Might Help you Qualify and Offset your MORTGAGE as an EXTRA INCOME, an excellent potential for homeowners and investors alike! This home with 2013sf and 4,832sf Lot Size is perfect for a Large Family to live in the Main House with 4 Beds, 2 Baths and Rent the PERMITTED detached ADU with 2 Beds and 1 Bath in the back to get extra income to HELP YOU pay your MORTGAGE, providing Flexibility for Extended Families, Guests, or Potential Rental Income. Whether you're looking to live in one unit and explore rental income from the other, accommodate extended family, or expand your real estate investment portfolio, this property is a unique opportunity with two separate living spaces. The main residence features an updated kitchen with quartz countertops, a modern range hood, garbage disposal, energy-efficient windows and lighting, and central air conditioning, plus tankless water heater. The rear ADU, built in 2022, has its own kitchen with granite countertops, a range hood, garbage disposal, laminate flooring, energy-efficient windows and lighting, and split-system air conditioning for added comfort. The property also has a gated driveway, parking for 3 cars, and a covered patio area perfect for outdoor gatherings, relaxation, or additional storage. Conveniently located near schools, parks, shopping, and major freeways, including the 710 and 105, this property has accessibility and versatility in a desirable Paramount location.

6824 Marcelle Street, Paramount

Listing courtesy of Listing Agent: CHRISTOPHER SINGLETON (Buyreo@PalmAstar.com) from Listing Office: PALMASTAR INC.

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Information Deemed Reliable But Not Guaranteed. © 2026 CARETS ®

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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