We are pleased to present the Anderson Apartments for the first time on the market in almost 50 years. This compelling investment opportunity is situated on over 0.5 acres in Paramount, CA. The Anderson Apartments offers a 30% upside in rents, allowing investors the opportunity to increase cash flow and maximize the property’s value. This gated property consists of majority large 2-bedroom units featuring gas wall heating, gas cooking, and is individually metered for gas and electric. The lot consists of a mix of carport and covered parking, as well as open parking spaces. With amenities including a leased laundry facility, common yard, and a recently replaced carport roof, this apartment complex presents a fantastic opportunity for investors to achieve a 6.5% cap rate on market rents. DRIVE BY ONLY - PLEASE DO NOT DISTURB TENANTS.