8225 2nd Street, Paramount, California 90723, Paramount, 90723 - 4 bed, 3 bath
ACTIVE$1,500,000
8225 2nd Street, Paramount, California 90723
4Beds
3Baths
1,813Sqft
9,203Lot
Year Built
1953
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$827
HOA
-
Days on market
-
Sold On
-
MLS number
DW25058587
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.50M(88th), sqft - 1813(38th), beds - 4(75th), baths - 3(75th).
TRI-PLEX. 3 Units with great potential. Lots of extra space on the back yard to build.
Nearby schools
4/10
Harry Wirtz Elementary School
Public,•K-5•0.3mi
8/10
Abraham Lincoln School
Public,•K-5•0.4mi
6/10
Jefferson Elementary School
Public,•K-5•0.5mi
5/10
Theodore Roosevelt
Public,•K-5•0.9mi
4/10
Howard Tanner School
Public,•K-5•1.1mi
6/10
Major Lynn Mokler School
Public,•K-5•1.2mi
6/10
Los Cerritos School
Public,•K-5•1.2mi
5/10
Wesley Gaines School
Public,•K-3•1.2mi
8/10
Ward Elementary School
Public,•K-3•1.4mi
7/10
Carpenter Elementary School
Public,•4-5•1.5mi
5/10
Mark Keppel School
Public,•K-5•1.5mi
5/10
Paramount Park Middle School
Public,•6-8•0.3mi
4/10
Alondra Middle School
Public,•6-8•0.8mi
4/10
Leona Jackson School
Public,•4-8•1.4mi
4/10
Frank J. Zamboni School
Public,•6-8•1.4mi
7/10
Clinton, William Jefferson School
Public,•PK-8•1.6mi
5/10
Sussman Middle School
Public,•6-8•1.8mi
6/10
Hollydale School
Public,•K-8•1.8mi
4/10
Roosevelt Middle School
Public,•6-8•3.2mi
5/10
Paramount High School
Public,•9-12•0.3mi
3/10
Dominguez High School
Public,•9-12•1.6mi
/10
Buena Vista High School
Public,•9-12•2.9mi
7/10
Downey High School
Public,•9-12•3.2mi
9/10
Compton Early College High
Public,•9-12•5.1mi
Condition Rating
Poor
Built in 1953, this triplex is over 70 years old with no evidence of significant recent renovations. The exterior shows considerable deferred maintenance, including peeling paint. Interior images, though blurry, reveal extremely dated kitchens and bathrooms with old fixtures, cabinets, and worn flooring, indicating a need for complete modernization. The presence of a window AC unit suggests outdated cooling systems. The property requires substantial repairs and rehabilitation across all units and major systems.
Pros & Cons
Pros
Great Schools: High School: Compton Early College High (9/10).
Income-Generating Asset: As a triplex, the property offers immediate multiple rental income streams, making it highly attractive to investors and owner-occupants seeking to offset mortgage costs.
Significant Development Potential: The description highlights 'lots of extra space on the back yard to build,' combined with a generous 9203 sqft lot, presenting a strong opportunity for expansion, adding ADUs, or further developing the property to maximize future value.
Desirable Lot Size: A large 9203 sqft lot provides ample outdoor space for tenants, potential for additional parking, or future development, which is a premium asset in urban areas.
Proximity to Quality Schools: The property is located within a short distance of highly-rated Abraham Lincoln School (0.4 miles, rating 8) and Paramount High School (0.3 miles), enhancing its appeal to families.
Established Neighborhood: Built in 1953, the property is situated in an established community, often implying stable infrastructure, mature landscaping, and a sense of community.
Cons
Age and Potential for Deferred Maintenance: Built in 1953, the property is over 70 years old, suggesting a high likelihood of requiring significant updates to systems (plumbing, electrical, HVAC) and general modernization to meet current tenant expectations and maximize rental value.
Lack of Detailed Unit Information: The brief description provides no specifics on the condition, layout, or current rental status of the individual units, creating uncertainty for potential buyers regarding immediate income and necessary investment.
Significant Renovation Investment Likely: The phrase 'great potential' often implies that substantial capital expenditure will be needed to unlock this potential, whether for cosmetic upgrades, system overhauls, or new construction, which could deter buyers looking for a turn-key investment.