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Listed by Stelios Zoumberakis • Keller Williams Coastal Prop.
$1,350,000
Est. payment /mo
3,421 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 3,421 sqft
Price per Sqft $394
MLS Listing ID PW-25250748
Year Built 1929
Lot Size 5,937 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Back on Market after Buyer could not perform! Discover a rare mixed-use investment and live/work opportunity in the heart of Downey. This property features two buildings combining street-front retail and multifamily residential for diversified income and flexible future use.
The front building includes ground-floor retail occupied by a tenant with 3+ years remaining on a NNN lease, plus a 1-bedroom residential unit above. The rear building offers two stacked 2-bedroom residential units with one unit delivered vacant.
All residential tenants are currently month-to-month, allowing investors or owner-users the flexibility to reposition, adjust rents, or occupy units as desired.
Situated on busy Paramount Blvd, the property enjoys high visibility, convenient freeway access, and proximity to schools, restaurants, and major businesses, ensuring continued tenant demand and long-term value appreciation.
Highlights:
•Two-building mixed-use property (retail + multifamily)
•Front building: Street-front retail with 3+year lease + 1-bed unit above
•Rear building: (2) 2-bed units
•Residential units all month-to-month (upside flexibility)
•Possible SBA financing available through business purchase
•Excellent location near freeways, schools, and major businesses
A unique blend of stable income, flexible occupancy, and redevelopment potential, 13000 Paramount Blvd offers investors and entrepreneurs a truly versatile Downey asset.
*Possible purchase of retail business. Inquire with broker.
The front building includes ground-floor retail occupied by a tenant with 3+ years remaining on a NNN lease, plus a 1-bedroom residential unit above. The rear building offers two stacked 2-bedroom residential units with one unit delivered vacant.
All residential tenants are currently month-to-month, allowing investors or owner-users the flexibility to reposition, adjust rents, or occupy units as desired.
Situated on busy Paramount Blvd, the property enjoys high visibility, convenient freeway access, and proximity to schools, restaurants, and major businesses, ensuring continued tenant demand and long-term value appreciation.
Highlights:
•Two-building mixed-use property (retail + multifamily)
•Front building: Street-front retail with 3+year lease + 1-bed unit above
•Rear building: (2) 2-bed units
•Residential units all month-to-month (upside flexibility)
•Possible SBA financing available through business purchase
•Excellent location near freeways, schools, and major businesses
A unique blend of stable income, flexible occupancy, and redevelopment potential, 13000 Paramount Blvd offers investors and entrepreneurs a truly versatile Downey asset.
*Possible purchase of retail business. Inquire with broker.
Location
State CA
County Los Angeles
Area Southwest Downey, S Of Firestone, W Of Downey
Interior
Laundry None
Exterior
Pool None
Community Features Curbs, Sidewalks, Street Lights
Building
Lot Description Corner Lot
Sewer Public Sewer
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Naghmeh Keyvani
Broker Associate License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823