Denver Pallets Inc Acquires Multifamily Property In Paramount For $1.8M

The 6 unit multifamily property located at 7313 Motz Street in Paramount was recently sold for $1,800,000. The property spans 5,410 square feet and was acquired for a price per unit of $300,000 and a price per square foot of $333.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,800,000
• Units: 6
• Price Per Unit: $300,000
• Square Footage: 5,410
• Price Per Square Foot: $333
• Address: 7313 Motz Street
• Market: Paramount

Martha Neri and William Neri of The Neri Real Estate Group represented Denver Pallets, Inc. in this transaction, acquiring the multifamily property from Joseph and Mathew Roppo of Paramount Property Holdings. The property sits on a 17,859 square foot land parcel, making it a desirable investment in Paramount, CA.