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Downey 90242 Downey
12151 Paramount Boulevard
$1,233,669*
Commercial - Off Market

12151 Paramount Boulevard

Downey, CA 90242
bedrooms
Studio
bathrooms
0 Bath
square feet
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.
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
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
20210322
03/22/2021
Loft
-
4526 ft²
$1,295,000
bedrooms
Loft
bathrooms
-
square feet
4526 ft²
-
-
-
Michael Rains
RE/MAX Real Estate

Building Info

12151 Paramount Boulevard 12151 Paramount Boulevard, Downey, CA 90242
More about this Building
12151 Paramount Boulevard
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About Downey


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