$1,300,000
$1,200,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
12151 Paramount BLVD Downey, CA 90242
4,526 SqFt
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 4,526 sqft
Price per Sqft $287
MLS Listing ID IV22198403
Sold Date 03/31/23
HOA Y/N No
Year Built 1951
Lot Size 7,244 Sqft
Acres 0.1663
Lot Dimensions Assessor
Property Description
Back on Market - Oh my gosh!!! Where in Downey can you buy a 4526 square foot property at this price? And have it provide income of around $72,000 per year? With a cap rate of 5%? Property has a Hair Salon business that has been in business since 1977 and occupies two of the downstairs units. (Can be re-divided into two units to get additional income). Upstairs is a Real Estate company that occupies the whole floor, has 5 offices and a conference room, and just signed an additional 3 year lease. Downstairs, has a recently vacated unit and can be used for many uses. Uses, that we have provided above. Also has loading door access. Property is definitely priced to sell. This would be a perfect OWNER USER opportunity, and with lots of off street parking. Stop paying for a rental somewhere else and become a property owner and get your tax benefits on a building that provides income that you own!!!!!!!. We have phase one and phase two reports. Please no SBA financing
Location
State CA
County Los Angeles
Area D3 - Southwest Downey, S Of Firestone, W Of Downey
Zoning DOC3*
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Composition,Flat,Rolled/Hot Mop,Tar/Gravel
Building
Lot Description Level, Near Public Transit, Rectangular Lot, Street Level
Story 2
Water Public
Others
Tax ID 6246007019
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, Fannie Mae, Government Loan, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Fannie Mae, Government Loan, Submit
Financing Other
Special Listing Condition Standard
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Bought with Crystal Concha • SunWest Investments