Paramount Homes under $2 million

Paramount Homes under $2 million

Our website features the best real estate search for homes, condos, land and foreclosure properties available in Paramount and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!

Newest Paramount Homes under $2 million

7321 Richfield Street, Paramount
$1,995,000
CV26227051 MLS ⋅ Active Status
Just Listed! Exceptional opportunity to acquire a 7-unit multifamily property in the city of Paramount, featuring a desirable combination of three detached single-story Cottages and a two-story Fourplex. Delivering an attractive 6% current CAP Rate and 11.26 GRM, this investment offers strong day-one cash flow, spacious floor plans, and a unique residential setting that distinguishes it from traditional apartment properties. Situated on a generous 18,708 sq. ft. lot, the property features an excellent unit mix consisting of one 3-Bedroom/1-Bath detached cottage with a 2-car garage, two 2-Bedroom/1-Bath cottages with attached garages, and four 2-Bedroom/1-Bath units within the fourplex. Totaling approximately 6,826 rentable square feet, the property's large units and detached cottage configurations offer added privacy and appeal to discerning renters seeking more spacious living accommodations. Residents enjoy desirable amenities including private yards, individual laundry hookups, and ample onsite parking. The property has also benefited from improvements including copper plumbing and updated interiors, while air conditioning in all units provides additional comfort and convenience. Ideally located in Paramount with convenient access to the 105, 710, 605, and 91 freeways, the property offers excellent connectivity to surrounding employment centers and is situated near schools, parks, shopping, and dining. Combining strong current cash returns, a desirable mix of detached cottages and apartment units, substantial land area, and an excellent location, this offering presents an outstanding opportunity for investors seeking a well-positioned multi-family asset with lasting rental appeal.

7321 Richfield Street, Paramount

7307 Motz, Paramount
$1,349,000
RS26221674 MLS ⋅ Active Status
4 DETACHED HOMES + MAJOR DEVELOPMENT POTENTIAL Rare value-add investment opportunity featuring four detached residences plus approximately 4,600 square feet of additional land at the rear of the property. With below-market rents, month-to-month tenants and significant development potential, this property offers an investor multiple paths to increase income and long-term value. The existing property consists of: • 2 Bedroom / 1 Bath + Garage • 3 Bedroom / 1 Bath • 1 Bedroom / 1 Bath + 1-Car Garage • 2 Bedroom / 1 Bath + Garage All four residences are currently rented below market, with tenants on month-to-month agreements, providing potential for increased rental income over time, subject to applicable laws and tenant protections. THE REAL OPPORTUNITY IS IN THE DEVELOPMENT POTENTIAL According to information provided by the City, an owner may have two potential development strategies to explore. Option 1 – Maintain the Detached Configuration Leave the four existing residences detached and potentially develop an ADU of up to approximately 1,200 square feet on the rear portion of the property, with the potential for its own garage and private yard. Option 2 – Explore a Larger Development Plan According to information provided by the City, by connecting the existing residences with a relatively simple block-wall configuration and satisfying applicable City requirements, there may be an opportunity to develop up to eight additional units on the property. This creates a unique opportunity for an investor or developer: continue operating the existing four residences while improving rents over time, add a large ADU while maintaining the detached-home configuration, or investigate a more substantial development plan that could dramatically increase the property's unit count and income potential. Four existing detached residences. Below-market rents. Month-to-month tenants. Approximately 4,600 square feet of additional land. Potential for a 1,200-square-foot ADU or a larger development of up to eight additional units. Buyer to independently verify all zoning, development, ADU, density, parking, utility and construction requirements with the City of Paramount and appropriate governmental agencies. No representation or guarantee is made regarding final development approval.

7307 Motz, Paramount

6824 Marcelle Street, Paramount
$880,000
6 Beds ⋅ 3 Baths ⋅ IV26220811 MLS ⋅ Active Status
Excellent Opportunity: HOUSE with an ADU IN PARAMOUNT!!! Attention Buyers: ADU Rental Income Might Help you Qualify and Offset your MORTGAGE as an EXTRA INCOME, an excellent potential for homeowners and investors alike! This home with 2013sf and 4,832sf Lot Size is perfect for a Large Family to live in the Main House with 4 Beds, 2 Baths and Rent the PERMITTED detached ADU with 2 Beds and 1 Bath in the back to get extra income to HELP YOU pay your MORTGAGE, providing Flexibility for Extended Families, Guests, or Potential Rental Income. Whether you're looking to live in one unit and explore rental income from the other, accommodate extended family, or expand your real estate investment portfolio, this property is a unique opportunity with two separate living spaces. The main residence features an updated kitchen with quartz countertops, a modern range hood, garbage disposal, energy-efficient windows and lighting, and central air conditioning, plus tankless water heater. The rear ADU, built in 2022, has its own kitchen with granite countertops, a range hood, garbage disposal, laminate flooring, energy-efficient windows and lighting, and split-system air conditioning for added comfort. The property also has a gated driveway, parking for 3 cars, and a covered patio area perfect for outdoor gatherings, relaxation, or additional storage. Conveniently located near schools, parks, shopping, and major freeways, including the 710 and 105, this property has accessibility and versatility in a desirable Paramount location.

6824 Marcelle Street, Paramount

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

How much is your home worth?

Get instant property value now!