$2,995,000

13838 Arthur Ave, Paramount, CA 90723

7,800 sq ft

Listed by Property Works Re, Inc., John Chelius
310-722-0360

Status: Active

MLS® #PW26175840

Property description for 13838 Arthur Ave, Paramount, CA 90723

A rare nine-unit offering in Paramount that combines a genuinely exceptional unit mix, turnkey renovated condition, and legitimate ADU upside — all outside of local rent control. Eight (8) large three-bedroom / two-bath units at approximately 905 SF, plus one (1) one-bedroom / one-bath at 440 SF. Three-bedroom apartments are almost impossible to replicate in today's construction environment, and they drive family tenancy, longer average tenure, lower turnover cost, and rent premiums that one- and two-bedroom product simply cannot command. The property sits on a 17,524 SF lot with 7,800 SF of building area and is 100% occupied at close of escrow. The building has been fully renovated — roofs, windows, and all major systems, along with unit interiors and appliances. A buyer steps into stabilized, day-one cash flow without the deferred-maintenance capital plan that typically accompanies 1962-vintage product. The property is subject only to statewide AB 1482 — not a local rent-control ordinance — preserving annual increases up to the statutory cap and full vacancy decontrol on turnover under Costa-Hawkins. Additional upside comes from the open parking areas which present a strong candidate ADU construction under SB 1211. Offered at $3,100,000 — $344,444 per unit — on $205,494 of in-place NOI, a 6.63% current cap rate going to 6.98% pro forma on turnover to market rents. Nearby 2025–2026 sales in the Bellflower/Paramount submarket traded at 4.64%–5.75% caps and $314,063 per unit, making this an outsized in-place yield for renovated, family-sized product. Paramount is outside the City of Los Angeles and not subject to Measure ULA. Nine on-site parking spaces. Convenient to the 105 and 710 freeways, Downtown LA, LAX, and Long Beach.

QUICK OVERVIEW

Built in 1962
$384 / Sq Ft
71 days on website
0.2016 acres lot

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

AREA AND SCHOOLS

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent John Chelius

Listing Office Property Works Re, Inc., 3107220360

Updated Thursday, August 27, 2026 at 3:54:54 PM

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved.

NEIGHBORHOOD

About the The Southeast Neighborhood

The character of The Southeast is exemplified by its slower-paced atmosphere. There are over 300 parks close by for residents to explore, like Bellis Park and Thompson Park, which makes it easy to reach them. The noise levels in this community are also reasonably low, as the streets are generally quite peaceful - however noise can be problematic near one of the railway lines, the airport (Compton/Woodley), Glenn M Anderson Freeway and Transit or I-605.

Learn more about The Southeast

Elementary Schools

At least one elementary school within a 10-minute walk

Car friendly

Exceptional access to freeways and/or major arteries, with almost no chance of parking problems

Daycares

At least one daycare within a short walk

Restaurants

Wide variety of restaurants within a short drive, including some within walking distance

Groceries

Wide variety of groceries within a short drive, including some within walking distance

CLIMATE RISK FOR 90723

PROPERTY HISTORY FOR 13838 ARTHUR AVE

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13838 Arthur Ave, Paramount, CA 90723