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    12151 Paramount Boulevard

    Downey, CA 90242
    • $1,295,000
    • STATUS: Active
    • ON SITE: 122 days
    • ID#: OC21059806
    UPDATED: 41 min ago
    $1,295,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,526
      SQFT
    • $286
      $/SQFT

    School Ratings & Info

    Description

    Commercial property with retail and office space located on a busy street with 50 ft frontage to Paramount Blvd, fully occupied. One tenant on a 3 year lease and other two tenants are month to month. Rents have not been increased in years. Proforma rents should be a total of $6400 per month with buyer to verify all rental information. Parking is in the rear with additional street parking in front. Close to Downey High School. Gallagher Hair salon has been a tenant for nearly 40 years. Upstairs offices are approximately 5 offices with a conference room leased to a Real Estate company. Newest tenant on 3 year lease is a well established baking supply company with several other locations. To be sold AS IS

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-23T15:34:22.273. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/115369886
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    12151 Paramount Boulevard Downey, CA 90242

    • Price: $1,295,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: OC21059806
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,526
    SQFT
    $286
    $/SQFT
    1951
    Built
    Neighborhood:
    D3 - Southwest Downey, S of Firestone, W of Downey
    County:
    Los Angeles
    Area:
    D3 - Southwest Downey, S of Firestone, W of Downey
    Property Description
    Commercial property with retail and office space located on a busy street with 50 ft frontage to Paramount Blvd, fully occupied. One tenant on a 3 year lease and other two tenants are month to month. Rents have not been increased in years. Proforma rents should be a total of $6400 per month with buyer to verify all rental information. Parking is in the rear with additional street parking in front. Close to Downey High School. Gallagher Hair salon has been a tenant for nearly 40 years. Upstairs offices are approximately 5 offices with a conference room leased to a Real Estate company. Newest tenant on 3 year lease is a well established baking supply company with several other locations. To be sold AS IS
    Exterior Features

    Lot Features Paved

    Property Features

    Additional Parcels YN No Business Type Mixed Cap Rate 4.18 Common Interest None Gross Scheduled Income 76800 Insurance Expense 4200 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Maintenance Expense 1800 Net Operating Income 54155 Number Of Units Leased 3 Operating Expense 22645 Property Sub Type Retail Special Listing Conditions Standard Tax Annual Amount 14245 Tax Year 2021 Water Sewer Expense 2400 Water Source Public

    Listing provided courtesy of Michael Rains of Re/Max Terrasol and Joe Ranieri of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-23T15:34:22.273. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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