Paramount, CA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Paramount short-term rental market based on reliable data.

Listings

9 / 27

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$34,445

Middle-Earners Revenue

Occupancy

62%

Middle-Earners Occupancy

Home Value

$647,396

Median Home Sale Price

Top Earners

$45,820

Top-Earners Revenue

Paramount

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Paramount.

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B

Generally Investor friendly

Paramount Regulations

Paramount allows STRs citywide with clear regulatory framework including registration, business licensing, and TOT compliance. The permitting process involves multiple documents but remains manageable with annual renewal requirements and typical operational restrictions (occupancy limits, noise control, parking management). While enforcement mechanisms are actively supported by the city, regulations appear designed for compliance rather than prohibition, with no indication of strict caps or prohibitive barriers to entry.

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About Paramount

Paramount is a small, densely built city in southeastern Los Angeles County, California, with a population of roughly 54,000 residents. It sits in the industrial heart of the southern San Gabriel Valley, characterized by a working-class character, a strong Latino community, and a long history tied to manufacturing and logistics. The city is best known locally as a quiet residential pocket between two much larger urban centers, and it serves as an affordable, centrally located base for visitors exploring the greater Los Angeles region. Paramount lies approximately ten miles southeast of downtown Los Angeles and about eight miles north of Long Beach, placing it within easy reach of some of Southern California's most popular destinations.

Just a few miles northwest of Paramount, the Watts Towers rise as one of the most unusual folk-art monuments in the country. Built single-handedly by Italian immigrant Simon Rodia over more than three decades, the cluster of seventeen interconnected sculptural structures covered in mosaic tile, glass, and shells draws visitors from around the world. The site, which is a California Historical Landmark and listed on the National Register of Historic Places, is typically reached from Paramount in about ten to fifteen minutes by car, depending on traffic.

To the south, the city of Long Beach offers a full day of coastal attractions within a roughly fifteen-minute drive. Visitors can tour the Queen Mary, the permanently docked Art Deco ocean liner that has served as a floating hotel and museum since the late 1960s, or spend hours at the Aquarium of the Pacific, which showcases marine life from the Pacific Ocean and its surrounding waters. Long Beach's waterfront also features a lively dining and entertainment scene that contrasts with Paramount's quieter residential streets.

A bit farther afield, the world-famous Disneyland Resort in Anaheim lies roughly twenty miles to the southeast via the Artesia Freeway and Interstate 5. The resort complex, which includes Disneyland Park and Disney California Adventure, is one of the most visited tourist destinations on the West Coast and a major draw for families staying anywhere in the Los Angeles basin. Closer to home, downtown Los Angeles and its cluster of museums, sports venues, and cultural institutions can be reached in about twenty-five minutes, making Paramount a convenient jumping-off point for travelers who want to experience the breadth of the region without paying for a beachside or theme-park-adjacent hotel.

Paramount's appeal as a short-term-rental market comes from its affordability, central location, and proximity to a remarkable variety of Southern California attractions. Guests staying in the city can spend the morning wandering the Watts Towers, the afternoon aboard the Queen Mary or among the tanks of the Aquarium of the Pacific, and the evening enjoying a meal in downtown Los Angeles, all without long commutes. For investors, the combination of lower property costs compared to coastal and theme-park neighborhoods, steady visitor demand, and easy freeway access to nearly every major destination in the Los Angeles metropolitan area makes Paramount a quietly practical option in a competitive regional market.

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