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12151 Paramount BoulevardDowney, CA 90242Price: $1,195,000

  • Price: $1,195,000
  • 180 Days on Market
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Federal 30-year interest rate: 2.86% last updated on Sep 16, 2021
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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,195,000List Price
  • 0.17Acreage

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Listed by Michael Rains and Joe Ranieri of RE/MAX TerraSol
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

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 "Based on information submitted to CA_CRMLS as of September 18, 2021 10:54 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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