$780,000
$820,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/13/2017
Key Details
Sold Price $780,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW17019630
Sold Date 09/13/17
HOA Y/N No
Year Built 1963
Lot Dimensions Assessor
Property Description
Back on the Market 06/22/2017. 5 Commercial units Available for Sale in Downtown Paramount, Ca. The property consists of one 2,500 sqft Warehouse, one 1,000 sqft storefront beauty salon and three storefront units with a combined square footage of 1,000 sqft The total building area measures 4,500 sqft on a 7,500 sqft lot. The property is fully rented, all leases are FSG and receives approximately $ 70,000 in annual income and reports annual expenses at $ 16,501, the current expected CAP RATE is 4.25% with great opportunity to grow. There are 5 current tenants: 2 Specialty beauty salons, a Photo Studio, a cellular phone and accessory store and an Auto Parts warehouse. The property sits on a busy street and has alley access with Ample parking and a private gate. The property has been nicely kept, some of the recent upgrades include: New sewer drain pipe, new Hot Water Heater, new electric and plumbing work throughout, new roof with a 5 year warranty, etc. The Downtown area of the City of Paramount is going through a revitalization effort from it's businesses and City Hall, many new large national chains are moving to the area, consider buying this property now before prices go up. See you in Escrow.
Location
State CA
County Los Angeles
Area Rk - Paramount South Of Somerset
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence None
Community Features Park
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Overhead Utilities
Roof Type Flat
Total Parking Spaces 10
Building
Lot Description Corners Marked, Garden, Near Park, Near Public Transit, Rectangular Lot, Walkstreet
Story 1
Water Public
Others
Tax ID 6270016003
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Financing Other
Special Listing Condition Standard
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Bought with J Chris Kim • Keller Williams Pacific Estate
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "