Updated Duplex with
For Sale
$819,098
15347 Virginia Avenue, Paramount, CA 90723
MULTI_FAMILY - Paramount, CA
Property Size1,494 SF
Lot Size0.17 Acres
Price / SF$548.26
Days on Market25
Property Features for 15347 Virginia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Laundry Room
Parking
2
Lot features
Front Yard, Back Yard
Elementary school district
Paramount Unified
Middle school district
Paramount Unified
High school district
Paramount Unified
Directions
Virginia Ave & Adams St
Subdivision
RK - Paramount South of Somerset
Standard status
Active
APN
6270008015
Size
1,494 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
air conditioning
steel security doors
washer and dryer
fenced yard
backyard
garage
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Listing Agency:
C-21 Classic Estates · Century 21 Real Estate
(562) 865-2992
Listed By:
Alexis Baello · License #01941531
(818) 583-7507
Added: Jul 27
Changed: Aug 18
Last Checked: Aug 20 at 5:06AM
MLS# RS26163549
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1957 duplex contains two residences totaling 1,494 square feet on a 0.1722-acre lot. Each home provides two bedrooms and one full bathroom, along with a living area and updated kitchen finishes that include granite countertops and newer cabinetry. The front residence includes refreshed flooring and paint, while the rear home features vinyl tile flooring throughout and a newer water heater. Wall-mounted air conditioning serves the bedrooms in both residences.
Outdoor and utility features include separate garage accommodations, driveways accommodating three cars at the front residence and five cars at the rear residence, fenced yard areas, and private backyard space. Both homes have composition shingle roofs replaced approximately three years ago. Washer and dryer are included, and the property is served by public water and public sewer.
The property is located in Paramount near schools, shopping, dining, parks, and major transportation corridors, with access to nearby freeways. Both residences are currently producing rental income.
Outdoor and utility features include separate garage accommodations, driveways accommodating three cars at the front residence and five cars at the rear residence, fenced yard areas, and private backyard space. Both homes have composition shingle roofs replaced approximately three years ago. Washer and dryer are included, and the property is served by public water and public sewer.
The property is located in Paramount near schools, shopping, dining, parks, and major transportation corridors, with access to nearby freeways. Both residences are currently producing rental income.
Key Highlights
- Two residences with two bedrooms and one full bathroom each
- 1,494 square feet on a 0.1722‑acre lot
- Front residence includes a detached garage and 3‑car driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,091
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,492
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?
Duplex - Two residences offer refreshed interiors, private yards, multiple driveways, and separate garage accommodations.
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 residences with two bedrooms and one full bathroom each; 1,494 square feet on a 0.1722‑acre lot; Front residence includes a detached garage and 3‑car driveway
