9-Unit Apartment
For Sale
$2,890,000
13811 Arthur Ave, Paramount, CA 90723
Built in 1958 with six units updated within the past decade and separately metered gas and electricity.
Property Size7,434 SF
Price / SF$388.75
Days on Market11
Property Features for 13811 Arthur Ave
General Information
Standard status
Active
Size
7,434 SF
Total Parking Spaces
18
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
9
Building Details
Year Built
1958
Listing Agency:
Premier Agent Network
(561) 245-0560
Listed By:
Benjamin Benoit
(561) 245-0560
Source:
Exprealty
Added: Jul 21
Changed: Jul 31
Last Checked: Jul 31 at 4:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Agent Network
Investment Insights
Based on property information with market context.
This well-maintained 9-unit apartment building was built in 1958 and includes approximately 7,434 square feet of improvements. The unit mix totals 19 bedrooms, supporting flexible tenancy across the property. Six of the nine units have been updated within the past decade. Gas and electricity are separately metered, helping reduce owner expense exposure compared to centrally billed utilities.
The property provides 18 assigned on-site parking spaces. It is located near major freeways and close to shopping, dining, schools, and employment centers, supporting steady local rental demand.
The building presents an investor-friendly setup with in-place income and additional upside through value-add, with rent roll and pro forma available upon request for qualified buyers.
The property provides 18 assigned on-site parking spaces. It is located near major freeways and close to shopping, dining, schools, and employment centers, supporting steady local rental demand.
The building presents an investor-friendly setup with in-place income and additional upside through value-add, with rent roll and pro forma available upon request for qualified buyers.
Key Highlights
- 9 units totaling 19 bedrooms
- Approximately 7,434 square feet of improvements
- Built in 1958
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $236.4k | $31.80 |
| − Vacancy | −$18.9k | −$2.54 |
| EGI | $217.5k | $29.26 |
| − OpEx | −$97.9k | −$13.17 |
| NOI | $119.6k | $16.09 |
7,434 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.71M
$1.50M – $1.99M
NOI $119,619 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,609 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
Explore this area
Business Placement
Demographics for 90723, CA
53,770
Population
14,585
Households
3.7
Avg Household Size
33
Median Age
13%
College-Educated
66%
High-School Grad
4.7 sq mi
ZIP Area
11,440
Density / Sq Mi
$70,912
Median Household Income
$35,032
Median Earnings
$1,772
Median Rent
$500,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1958 with six units updated within the past decade and separately metered gas and electricity.
Where is this apartment building located?
The property is located at 13811 Arthur Ave Paramount, CA.
What is the asking price?
The asking price for this property is $2,890,000.
What are key features of this property?
This property features: 9 units totaling 19 bedrooms; Approximately 7,434 square feet of improvements; Built in 1958
