16840 Passage Ave, Paramount, CA 90723
PENDING
0.52 ACRES
Listed by Juan Huizar, Sage Real Estate Group, Inc., (562) 400-7622

16840 Passage Ave
Paramount, CA 90723

  • 10 Beds
  • 5 Baths
  • 4,509 sqft (on 0.52 acres)

$1,625,000

Est. Mortgage $9,534/mo*
Get Pre-Qualified

$1,625,000

Est. Mortgage $9,534/mo*
Get Pre-Qualified
10 Beds
5 Baths
4,509 sqft
(on 0.52 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Excellent value-add opportunity in the heart of Paramount. This rare 5-unit bungalow/cottage-style multifamily property offers a highly desirable layout consisting of one duplex and three detached units, creating a private single-family-home feel that tenants love. Properties with this type of configuration are rarely available and are highly attractive. All five units feature 2 bedroom and 1 bathroom, and each unit includes a one-car garage, a highly desirable amenity. Current rents are $2,200, $1,900, $1,900, $1,900, $1,980. Are units are now month to month. The property sits on a large approximately 0.52-acre lot and offers about 4,500+ square feet of living space, providing investors with both current income and future potential. The oversized lot may also offer potential for adding additional units (buyer to verify with the city.) Several long-term tenants provide stable occupancy, while the property presents significant upside potential through renovations and rental increases. The unique layout, garage parking, and spacious lot make this an appealing investment for buyers seeking both stability and long-term growth. Ideally located north of the California State Route 91 with convenient access to major freeways including Interstate 605, Interstate 710, and Interstate 105, providing easy connectivity to employment centers throughout Los Angeles County. Nearby shopping, dining, and entertainment can be found at Lakewood Center and Downey Landing, with convenient proximity to the job centers and amenities of Long Beach. With its rare cottage-style configuration, garage parking for every unit, stable occupancy, large lot, and strong value-add potential, this property represents an excellent opportunity for investors looking to add a well-located multifamily asset to their portfolio.

Home Highlights

Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
$360
Listed
62 days ago

Home Details for 16840 Passage Ave

Interior Features

Interior Details
Number of Rooms: 4Types of Rooms: Bedroom, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 5
Appliances & Utilities
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedLaundry: None
Fireplace & Spa
Spa: NoneNo Spa
Windows, Doors, Floors & Walls
Flooring: CarpetCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: groundFloors: Carpet
View
Has a ViewView: Neighborhood

Exterior Features

Exterior Home Features
Roof: CompositionNo Private Pool
Parking & Garage
Number of Garage Spaces: 5Number of Covered Spaces: 5Open Parking Spaces: 5Has a GarageNo Attached GarageParking Spaces: 10Parking: Assigned,Concrete,Door-Multi,Direct Access,Door-Single,Garage,Paved
Pool
Pool: None
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 10Days on Market: 62

Property Information

Year Built
Year Built: 1962
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Not Included in Sale: Tenants Personal PossessionsParcel Number: 7107009019

Price & Status

Price
List Price: $1,625,000Price Per Sqft: $360
Status Change & Dates
Off Market Date: Tue Mar 17 2026

Active Status

MLS Status: Pending

Location

Direction & Address
City: Paramount
School Information
Walk Score: 59

Agent Information

Listing Agent
Listing ID: PW26048011

Building

Building Area
Building Area: 4509 Square Feet

Community

Community Features: CurbsNot Senior Community

HOA

Association for this Listing: California Regional MLSHOA Fee: No HOA Fee

Lot Information

Lot Area: 0.52 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: PW26048011Living Area Range Units: Square FeetAttribution Contact: 562-307-0838Common Interest: Community ApartmentUniversal Property Id: US-06037-N-7107009019-R-N

Additional Information

CurbsSource Internet Entire Listing Display
Last check for updates: about 1 hour ago
Listing Provided by: Juan Huizar DRE #01417642, (562) 307-0838
Sage Real Estate Group, Inc.
Lauren Friedman DRE #01898581
Keller Williams Pacific Estate
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PW26048011
Also Listed on CRMLS, SDMLS.

Price History for 16840 Passage Ave

DatePriceEventSource
03/18/2026$1,625,000PendingCRMLS #PW26048011
03/07/2026$1,625,000Listed For SaleCRMLS #PW26048011

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Property Tax and Assessment

Year2025
Tax$10,240
Assessment$614,970
Home facts updated by county records

Comparable Sales for 16840 Passage Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
9224 Walnut St, Bellflower, CA
0.63
Multi-Family Home
$1,609,000
12/18/25
11
4
4,000
3420 E 67th St, Long Beach, CA
0.38
Multi-Family Home
$1,300,000
04/22/26
9
4
3,301
9048 Cedar St, Bellflower, CA
0.82
Multi-Family Home
$1,820,000
10/15/25
9
4
3,922
3301 E Artesia Blvd, Long Beach, CA
0.48
Multi-Family Home
$2,250,000
04/29/26
16
10
7,034
15721 Perilla Ave, Paramount, CA
0.67
Multi-Family Home
$1,400,000
05/16/25
9
5
3,613
8728 Flower St, Bellflower, CA
0.17
Multi-Family Home
$890,000
05/01/26
5
3
1,640
15954 Vermont Ave, Paramount, CA
0.93
Multi-Family Home
$1,600,000
03/03/26
10
9
4,443
8631 Rose St, Bellflower, CA
0.75
Multi-Family Home
$2,125,000
07/08/25
14
11
7,503
9112 Cedar St, Bellflower, CA
0.88
Multi-Family Home
$2,175,000
01/26/26
12
12
7,328
15535 Ryon Ave, Bellflower, CA
1.37
Multi-Family Home
$1,610,000
06/16/25
10
6
4,847

Assigned Schools

These are the assigned schools for 16840 Passage Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Paramount

At least 358 Trulia users voted on each feature.

  • 89 % Say there are sidewalks

  • 79 % Say it's dog friendly

  • 73 % Say yards are well-kept

  • 69 % Say car is needed

  • 69 % Say there's holiday spirit

  • 67 % Say kids play outside

  • 66 % Say it's walkable to restaurants

  • 64 % Say streets are well-lit

  • 63 % Say it's walkable to grocery stores

  • 49 % Say it's quiet

  • 49 % Say they plan to stay for at least 5 years

  • 48 % Say people would walk alone at night

  • 48 % Say neighbors are friendly

  • 43 % Say parking is easy

  • 30 % Say there's wildlife

  • 26 % Say there are community events

Learn more about our methodology.
  • Chris071784
    "During Christmas we have the parade, we get Santa with his raiders and on Halloween we get house to decorate and lots of treat kids show up!"
    0
    Flag
  • Aaawoman71
    "There are always some type of community activity going on in the of Paramount. The city promotes family, community, and keeping Paramount dollars in Paramount. "
    0
    Flag
  • Pescadi123
    "Area is quiet. Homeless population is getting less. Less crime. Cleaner and move police presence. Nice stores."
    0
    Flag
  • Trulia User
    "The commute to down town is not that bad when traffic is moving but when traffic gets slow it takes time to get to your destination there should be be ways out of traffic "
    1
    Flag
  • Trulia User
    "My neighborhood is quiet safe very friendly neighbors I grew up living here my parents own a home here for over 20 years great for kids to ride there bikes and walk to school good school system and clean public transportation "
    2
    Flag
  • Mikortlbc
    "Nice clean and diverse area to live in. Schools and grocery stores are within a mile or 2 of my residence. No complaints here"
    1
    Flag
  • Samson A.
    "friendly neighbors everywhere. it is very common to see neighbors say a greeting while they either jugg or walk past."
    0
    Flag
  • Nicole.lopez374
    "Exercise park is in walking distance to where we live. Salud park and elementary school at the end of the block."
    2
    Flag
  • J0hnny1991
    "Dog owners like it here because the neighborhoods are for the most part, nice and safe. A lot of dog owners in this small town too "
    1
    Flag
  • Rocio D.
    "Close to the 105 fwy which makes it easy to commute to work, my mom's house and other cities I frequently visit "
    0
    Flag
  • Marcia N.
    "I live in Paramount and I love my neighborhood, everything is so close and you can find variety. It’s also calm "
    1
    Flag
  • Janneth S.
    "That is very quite and there a lot of neighbors support. They have meeting when something is going on to help each other. "
    0
    Flag
  • Shalleyyort61
    "It’s to quiet need more kids playing outside. I wish more liquor stores nearby and also police department "
    0
    Flag
  • Jenny S.
    "The schools are bad. Not a family friendly neighborhood. A lot of drugs at the park. One guy overdosed not too long ago. "
    3
    Flag
  • Jenny S.
    "There is a lot of residential mixed with commercial properties and the air quality is extremely poor. In Jan. 2019 the city sent out a letter saying it could cause birth defects and other things."
    4
    Flag
  • Gustavo G.
    "Pretty good community only that high school there are fights and parents don’t really do nothing about it but over all it’s good"
    2
    Flag
  • Ntly_chvz
    "There’s various parks around the neighborhood that are pet friendly. Trails that are also available for walks. "
    2
    Flag
  • Osoriajenny
    "We have a tree lighting ceremony every year. Santa Claus around and gives out apple’s and candy cane."
    1
    Flag
  • Maribel R.
    "Everything it’s great and there’s a lot people in the neighborhood who have dogs so no worries there "
    1
    Flag
  • Rose J.
    "It love it here and Salud park or great. I enjoy the free activities they have for the children on the holidays. "
    1
    Flag
  • Lyn C.
    "It’s improved alot since I lived here. Here kids are safe you can walk in the street in night or day"
    1
    Flag
  • Den O.
    "I’ve lived in this neighborhood all my life for 18 years. The area is relatively safe and definitely family-oriented. Small city, but closer relationships with neighbors as a result. "
    1
    Flag
  • Christina A.
    "the area is quiet and calm. When there are parties the neighbors don't must the noise the neighbor feel welcoming and shows you the ropes if you' allow it "
    0
    Flag
  • Karen G.
    "Some hood dogs running loose here and their but most people have them behind fences or see them on occasion during walks"
    0
    Flag
  • Lyn C.
    "Paramount got a lot better then how it was before. Neighbors talk to each other and look out for one another "
    0
    Flag
  • Mywae45
    "There are a lot of parks and outdoor spaces. I wish there was a dog park though. Family friendly neighborhood."
    0
    Flag
  • Leticia N.
    "Paramount Park events are very kid friendly and inviting. The city has really got cleaned up these past few months. City of Paramount is really growing and improving their streets."
    0
    Flag
  • Araceli G.
    "Paramount has a lot to offer for families. City events, access to public transportation, drive in theatre too!we love living here!"
    1
    Flag
  • Helga E.
    "Paramount is a nice city to live in, parks are well kept, streets are clean, and the community is friendly."
    0
    Flag
  • Helga E.
    "The rule is dogs should wear a harness or a leashes, some people forgets that and it's very annoying because I own a big dog and other dogs come to bother mine. "
    0
    Flag
  • William M.
    "good neighbors great place close to super markets , stores,gyms,parks good area for pet's no fights no drama "
    0
    Flag
  • Anonymous
    "To watch your kids because there is old people driving around starring at kids trying to take them.Do just be careful and watch your kids at all times."
    3
    Flag
  • Espinozadanny
    "Good schools, but High schools are sometimes overcrowded in long beach so you petition in a lottery to get you child in."
    0
    Flag
  • Tiffanylauren7489
    "The commute is fine it just the right amount of Traffic once you get used to it you know what times to leave and get on the freeway"
    0
    Flag
  • Brian R.
    "it's ok a bit crowded and parking sucks but not a bad place to live but there different parts of Paramount that are better especially for a family that needs space."
    0
    Flag

LGBTQ Local Legal Protections

Juan Huizar, Sage Real Estate Group, Inc.
Agent Phone: (562) 307-0838
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 copyright 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
16840 Passage Ave, Paramount, CA 90723 is a 10 bedroom, 5 bathroom, 4,509 sqft multi-family built in 1962. This property is currently available for sale and was listed by CRMLS on Mar 7, 2026. The MLS # for this home is MLS# PW26048011.