8746 Chester Street, Paramount, California 90723, Paramount, 90723 - bed, bath
ACTIVE$1,070,000
8746 Chester Street, Paramount, California 90723
0Bed
0Bath
2,487Sqft
6,478Lot
Year Built
1929
Close
-
List price
$1.07M
Original List price
$1.07M
Price/Sqft
$430
HOA
-
Days on market
-
Sold On
-
MLS number
RS24146213
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.07M(63th), sqft - 2487(75th), beds - undefined(50th), baths - undefined(50th).
Welcome to all investors. TPRX with 4 units, legally 3 units, 4 car garage,2 carport The front house is divided into 2 bedroom units each. Great investors opportunity. Located in a nice and quiet neighborhood.
Nearby schools
6/10
Jefferson Elementary School
Public,•K-5•0.3mi
6/10
Major Lynn Mokler School
Public,•K-5•0.6mi
8/10
Abraham Lincoln School
Public,•K-5•0.8mi
4/10
Harry Wirtz Elementary School
Public,•K-5•0.8mi
5/10
Wesley Gaines School
Public,•K-3•1.4mi
7/10
Carpenter Elementary School
Public,•4-5•1.6mi
5/10
Theodore Roosevelt
Public,•K-5•1.6mi
8/10
Ward Elementary School
Public,•K-3•1.7mi
4/10
Howard Tanner School
Public,•K-5•1.8mi
6/10
Los Cerritos School
Public,•K-5•1.9mi
5/10
Mark Keppel School
Public,•K-5•2.1mi
4/10
Alondra Middle School
Public,•6-8•0.4mi
5/10
Paramount Park Middle School
Public,•6-8•1.1mi
4/10
Leona Jackson School
Public,•4-8•1.6mi
4/10
Frank J. Zamboni School
Public,•6-8•1.8mi
5/10
Sussman Middle School
Public,•6-8•2.2mi
7/10
Clinton, William Jefferson School
Public,•PK-8•2.2mi
6/10
Hollydale School
Public,•K-8•2.6mi
4/10
Roosevelt Middle School
Public,•6-8•3.7mi
5/10
Paramount High School
Public,•9-12•0.9mi
3/10
Dominguez High School
Public,•9-12•2.1mi
/10
Buena Vista High School
Public,•9-12•2.3mi
7/10
Downey High School
Public,•9-12•3.5mi
9/10
Compton Early College High
Public,•9-12•5.7mi
Price History
Date
Event
Price
12/20/17
Sold
$670,000
07/18/02
Sold
$310,000
Condition Rating
Poor
Built in 1929, this property is nearly a century old. The images reveal extremely outdated kitchens with old cabinets, laminate countertops, and vintage white appliances (including coil-top stoves), along with very dated linoleum/vinyl flooring. Bathrooms feature old vanities and tile work, indicating a lack of significant renovation for many decades, likely 30-50+ years. Hardwood floors are worn and require refinishing. The overall condition suggests major systems (electrical, plumbing, HVAC) are also likely original or very old, requiring substantial repairs and rehabilitation to meet modern standards and comfort. The listing description itself highlights the 'advanced age of property' and 'potential for high capital expenditure', reinforcing the need for extensive updates.
Pros & Cons
Pros
Great Schools: High School: Compton Early College High (9/10).
Strong Investment Opportunity: Explicitly marketed towards investors, the property offers multiple units (4 units, legally 3) providing significant rental income potential.
Ample Parking Facilities: The property includes a 4-car garage and 2 carports, offering substantial and valuable parking for multiple tenants.
Desirable Neighborhood Setting: Located in a 'nice and quiet neighborhood,' which enhances tenant appeal and contributes to long-term property value.
Generous Lot Size: A 6478 sqft lot provides ample outdoor space, a premium feature for multi-unit properties in an urban environment.
Proximity to Schools: Conveniently located near several schools, including Jefferson Elementary (0.28 miles, rating 6) and Paramount High School (0.91 miles, rating 5), appealing to families.
Cons
Legal Unit Discrepancy: The property operates as 4 units but is legally 3, and listed as a 'Duplex' (2 units). This significant non-conformity presents legal, permitting, and financing risks.
Advanced Age of Property: Built in 1929, the property is nearly a century old, suggesting a high probability of requiring extensive updates to major systems and general modernization.
Potential for High Capital Expenditure: Given its age and the legal unit issues, a new owner should anticipate considerable investment for renovations, code compliance, and potentially legalizing non-conforming units.