4929 Paramount BlvdLakewood, CA 90712

Property Details for 4929 Paramount Blvd

Year built

2004

Construction

TILT-UP CONCRETE

Lot size

0.85 AC

Property size (Sq ft)

9,418 SF

Zone code

LKC3*

Property type

Retail space

APN

7157-027-014

APU

7157027014

Description

This exceptional retail property, situated on a prominent corner lot at the intersection of Paramount Boulevard and Del Amo Boulevard in Lakewood, California, presents a lucrative investment opportunity. The 9,418 square foot building sits on a 0.85-acre lot and is currently leased to six established businesses: Tacos El Tapatio, DDT Financial, First General Insurance, Epsilon Nail and Spa, GameStop, and Nguyen Dental. All tenants are long-term, contributing to a stable and predictable income stream. The property boasts a high occupancy rate and benefits from its strategic location near a CVS Pharmacy and a Social Security Administration building, ensuring high foot traffic and visibility. The property is in excellent condition. Detailed financial information will be provided upon execution of a non-disclosure agreement (NDA). The seller is a corporate LLC and may be undertaking a 1031 exchange, potentially offering cost savings to the buyer. The sale includes only the property itself

• CAP approach

  CAP return

  Valuation

  6%

  $3,411,256

  6.5%

  $3,148,852

  7%

  $2,923,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,570,467

  Geo Method

  $7,570,467

• Alternative Use

  Use

  Valuation

  Residential

  $2,656,175

  Hospitality

  $2,433,042

  Educational

  $2,024,262

  Medical

  $2,093,880

  Retail

  $3,148,852

Location Insight

City

Lakewood

County

Los Angeles

State

California

Latitude

33.8482

Longitude

-118.16

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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