11430 Paramount BlvdDowney, CA 90241

Property Details for 11430 Paramount Blvd

Year built

1951

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

2,630 SF

Zone code

DOM2*

Property type

Retail properties

Property subtype

Retail space

APN

6255-006-024

APU

6255006024

Description

This exceptional investment opportunity presents a two-unit commercial building ideally situated on Paramount Boulevard in Downey, California, near the intersection with Firestone Boulevard. The property boasts a total of 2,630 square feet and sits on a 0.15-acre lot, offering ample space for various commercial uses. Currently occupied by month-to-month tenants, this property presents a flexible option for an owner-user seeking to establish their business or for an investor looking to generate rental income. The "as is" sale allows for immediate acquisition and potential for renovation or customization to suit specific business needs. Convenient rear parking is available for both tenants and customers. The strategic location on a major thoroughfare ensures high visibility and accessibility, making this a highly desirable commercial property in a thriving Downey market. The asking price is $1,200,000, representing a compelling investment opportunity in a prime commercial area. This property is ready for immediate occupancy and offers significant potential for future growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,110,678

  6.5%

  $1,025,242

  7%

  $952,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,260,304

  Geo Method

  $1,260,304

• Alternative Use

  Use

  Valuation

  Residential

  $864,830

  Hospitality

  $792,179

  Educational

  $659,084

  Medical

  $681,751

  Retail

  $1,025,242

Location Insight

City

Downey

County

Los Angeles

State

California

Latitude

33.9407

Longitude

-118.139

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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