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12151 Paramount Boulevard

Downey, CA 90242
  • $1,195,000
  • STATUS: Active
  • ON SITE: 254 Days
  • ID#: OC21059806
UPDATED: 54 min ago
$1,195,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,526
    SQFT
  • $264
    $/SQFT

School Ratings & Info

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

Description

Commercial property with retail and office space located on a busy street with 50 ft frontage to Paramount Blvd, fully occupied. Two tenants are on new 3 year lease and other tenant are month to month. Rents have not been increased in years. Actual Rents are $6300 Proforma rents should be a total of $6500 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. Property to be SOLD AS IS with no repair or credits to be given. NO SBA LOANS and NO 51% occupancy req

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. 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 The M&M Team Realty. Licensed in the State of California, USA.
www.themmteamrealty.com/homes/115369886
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12151 Paramount Boulevard Downey, CA 90242

  • Price: $1,195,000
  • Status: Active
  • On Site: 254 Days
  • Updated: 54 min ago
  • ID#: OC21059806
0
Beds
0
Baths
0
½ Baths
0.17
Acres
4,526
SQFT
$264
$/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. Two tenants are on new 3 year lease and other tenant are month to month. Rents have not been increased in years. Actual Rents are $6300 Proforma rents should be a total of $6500 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. Property to be SOLD AS IS with no repair or credits to be given. NO SBA LOANS and NO 51% occupancy req
Exterior Features

Lot Features Paved

Property Features

Additional Parcels YN No Business Type Mixed Cap Rate 4.53 Common Interest None Gross Scheduled Income 78000 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



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. 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 The M&M Team Realty. Licensed in the State of California, USA.
 
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The M&M Team Realty
9230 Mayne St
Bellflower CA, 90706
Listing provided courtesy of Michael Rains of Re/Max Terrasol and Joe Ranieri of