Two-Residence
For Sale
$819,098
15347 Virginia Avenue, Paramount, CA 90723
Two separate homes provide distinct living spaces, each with its own kitchen, bathroom, and garage.
Property Size1,494 SF
Price / SF$548.26
Days on Market73
Property Features for 15347 Virginia Avenue
General Information
Standard status
Active
Size
1,494 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
wall-mounted air conditioning
steel security doors
washer and dryer included
fenced front yard
large front yard
oversized backyard
Building Details
Building Size
1,494 SF
Year Built
1957
Buildings
2
Listing Agency:
Compass
Listed By:
LaRocca Real Estate Group | Leonard LaRocca · License #01401046
(310) 698-6444
Source:
Laroccarealestate
Added: Aug 17
Changed: Oct 26
Last Checked: Oct 26 at 3:16PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,494-square-foot duplex comprises two detached homes on one lot. Each residence has two bedrooms, one full bathroom, a living room, and a kitchen with granite countertops and newer cabinetry. The front home has updated flooring and fresh paint; its bathroom has also been renovated. The rear home features vinyl tile flooring, an updated bathroom, and a newer water heater. Both homes have wall-mounted air conditioning in the bedrooms, and washer and dryer are included with the rear residence.
A detached garage serves the front home, while the rear residence has an attached garage. The front property includes a three-car driveway, fenced front yard, and small backyard; the rear has a five-car driveway, large front yard, and oversized backyard. Both composition shingle roofs were replaced approximately three years ago. The residences are producing rental income and are near schools, shopping, dining, parks, and major transportation corridors, with access to nearby freeways.
A detached garage serves the front home, while the rear residence has an attached garage. The front property includes a three-car driveway, fenced front yard, and small backyard; the rear has a five-car driveway, large front yard, and oversized backyard. Both composition shingle roofs were replaced approximately three years ago. The residences are producing rental income and are near schools, shopping, dining, parks, and major transportation corridors, with access to nearby freeways.
Key Highlights
- Two detached residences totaling 1,494 square feet, each with 2 bedrooms and 1 full bathroom
- Front home has a detached garage and 3‑car driveway; rear home has an attached garage and 5‑car driveway
- Both composition shingle roofs were replaced approximately three years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,091
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,820
$521.8K
Cap Rate 7%
$372,729
$372.7K
Cap Rate 9%
$289,900
$289.9K
Market Conditions
NOI Build-Up for 1,494 SF
Gross rent
$40.3K $27.00/SF
− Vacancy
−$3.1K −$2.05/SF
EGI
$37.3K $24.95/SF
− OpEx
−$11.2K −$7.48/SF
NOI
$26.1K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,820
Cap Rate 7%
$372,729
Cap Rate 9%
$289,900
Alternative Uses
Best Use
Multifamily LT 5
$372.7K
$326.1K – $434.9K
NOI $26,091 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$343.4K
$300.5K – $400.7K
NOI $24,040 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$799.9K
$699.9K – $933.2K
NOI $55,992 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes provide distinct living spaces, each with its own kitchen, bathroom, and garage.
Where is this duplex located?
The property is located at 15347 Virginia Avenue Paramount, CA.
What is the asking price?
The asking price for this property is $819,098.
What are key features of this property?
This property features: Two detached residences totaling 1,494 square feet, each with 2 bedrooms and 1 full bathroom; Front home has a detached garage and 3‑car driveway; rear home has an attached garage and 5‑car driveway; Both composition shingle roofs were replaced approximately three years ago
