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15323 Paramount Blvd 4,380 SF 100% Leased Retail Building Paramount, CA 90723 $1,950,000 ($445.21/SF)

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INVESTMENT HIGHLIGHTS

3 Bedroom, 1 Bath House - Updated and Vacant!
Current Rents Are Low, Tenants on Month to Month
Gated Alley Access at Rear

3 1-Bed /1-Bath Rental Units
5 Electrical Boxes, 5 Gas Meters, 2 Water Meters
Close to 91, 710 and 105 Freeways

EXECUTIVE SUMMARY

First time on the market in over 50 years! This is the perfect opportunity for an owner-user investment property located in the heart of downtown Paramount. It is located on a 15,006 Sqft lot with approximately 4,380 Sqft for all buildings combined. This property features a Pet Store retail store front with long-term tenants, a beautiful detached single family home which is currently vacant, and 3 tenant-occupied 1 bedroom, 1 bath units. The home consists of 3 bedrooms and 1 bath, with approximately 1138 Sqft of living area including inside laundry room, an extra-long 1 car garage plus carport space and additional storage inside the garage. It was recently repainted inside and out. The new wood-look laminate flooring was installed throughout and the full bath was remodeled including lovely white & gray tile surround at the tub, a vanity and new fixtures. Features on this home include a spacious front porch, wainscotting in the living and dining rooms, a window seat in the dining room, custom woodwork, a private enclosed backyard and plenty of parking. At the rear of the lot are the 3 rental units which are currently tenant occupied: (1) 1 bedroom, 1 bath ground level unit with laundry, located behind the pet store. (2) 1 bedroom, 1 bath upstairs unit with an office, laundry and 2 single car garages below it. (3) 1 bedroom, 1 bath ground level unit with laundry and enclosed yard located behind the house. There is additional open storage space on the property which is also rented out. There is gated access to the rear of the property from the alley which all tenants use except for the 3 bedroom home. C-M zoning, “Commercial Manufacturing”, allows for some C-3 “General Commercial” uses, see the additional supplements section for Zoning Map and city of Paramount Municipal Code showing permitted uses. Buyer to verify all information with the city. Property has 5 Electrical boxes, 5 Gas Meters and 2 Water Meters. Electricity and Gas paid by tenants and water and trash paid by owner. Convenient access to the 91, 710 and 105 Freeways. PANERA BREAD and SPROUTS are being built the next block over on Somerset and Paramount Blvd according to the city!!!
Contact Gretta at (562) 472-8929 with any questions about this property or to arrange your showing of the vacant house only at 15329 Paramount Blvd. Do not disturb tenants of other units. Interior of occupied units can be arranged upon receipt of qualified offer with proof of funds and pre-approval. Interiors of the 3 other residential units have not been upgraded.

Zoning Map

C-M, COMMERCIAL-MANUFACTURING CLASSIFICATION - Paramount

C-3, GENERAL COMMERCIAL CLASSIFICATION - Paramount