12151 Paramount Boulevard Downey, CA
$ 1,195,000
Property Attributes
  • MLS#OC21059806
  • TypeCommercial
  • CityDowney
  • AreaSouthwest Downey - S of Firestone - W of Downey
  • Zip90242
  • StyleRetail
  • Year Built1951
  • Taxes$ 14245
  • Price$ 1,195,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4526
  • Lot Size7,245 SqFt
Listing Provided Courtesy Of:
Michael Rains with RE/MAX TerraSol - 714-293-4786
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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

Price History
3/22/2021 Listed $1,295,000
8/26/2021 8% - $1,195,000

General Features

Business Type Mixed
Co-Listing Agent State License # 00904011
Co-listing Agent Joe Ranieri - BRE#00904011
Listing Agent Michael Rains - BRE#01329985
Listing Agent State License 01329985
MLS Area D3 - Southwest Downey, S of Firestone, W of Downey
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Terms Cash
Water Sewer Expense 2400

Interior Features

Laundry Features None

Exterior Features

Lot Features Paved
Lot Size Acres 0.17
Lot Size Area 7245
Lot Size Source Assessor
Lot Size Square Feet 7245
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90242

AVG $1.2M
AVG $14,245
AVG 169
Year Built
AVG 1951
AVG 80
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover