$1,233,669*
●
Commercial -
Off Market
12151 Paramount Boulevard
Downey, CA 90242
Studio
0 Bath
4526 Sqft
$1,080,000 - $1,320,000
Reference Base Price*
2.81%
Since May 1, 2023
CA-Los Angeles
Primary Model
About This Property
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
The manager has listed the unit size as 4526 square feet.
The manager has listed the unit size as 4526 square feet.
Unit Size
4,526Ft²
Days on Market
-
Land Size
-
Price per sqft
$265
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1951
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 3, 2023 | Sold to Daniel Lynn White | $1,300,000 | |
Sold to Daniel Lynn White | |||
Apr 1, 2023 | No longer available | - | |
No longer available | |||
Feb 12, 2023 | In contract | - | |
In contract | |||
Jan 7, 2023 | Relisted | $1,200,000 | |
Relisted | |||
Sep 14, 2022 | In contract | - | |
In contract |
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Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Commercial
Loft
-
3,120 ft²
$385/ft²
$1,199,989
Jan 2, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/22/2021
|
|
Loft
|
-
|
4526 ft²
|
$1,295,000
Loft
-
4526 ft²
|
-
-
|
-
|
Michael Rains
RE/MAX Real Estate
|