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12151 Paramount Blvd, Downey, CA 90242
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12151 Paramount Blvd Downey, CA 90242

$1,300,000 Sold Price as of 03/31/2023
  • -- Beds
  • -- Baths
  • 4,526 Sq.Ft.
Sold
$1,300,000 Sold Price as of 03/31/2023 Refinance Your Mortgage
Map preview of 12151 Paramount Blvd, Downey, CA 90242

Property Overview: 12151 Paramount Blvd Downey, CA has -- bedrooms, -- bathrooms, 4,526 living square feet and 7,245 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on Market - Oh my gosh!!! Where in Downey can you buy a 4526 square foot property at this price? And have it provide income of around $72,000 per year? With a cap rate of 5%? Property has a Hair Salon business that has been in business since 1977 and occupies two of the downstairs units. (Can be re-divided into two units to get additional income). Upstairs is a Real Estate company that occupies the whole floor, has 5 offices and a conference room, and just signed an additional 3 year lease. Downstairs, has a recently vacated unit and can be used for many uses. Uses, that we have provided above. Also has loading door access. Property is definitely priced to sell. This would be a perfect OWNER USER opportunity, and with lots of off street parking. Stop paying for a rental somewhere else and become a property owner and get your tax benefits on a building that provides income that you own!!!!!!!. We have phase one and phase two reports. Please no SBA financing

Listed by GENE SAIS | BRE #00852442 | NATIONAL REALTY GROUP
Co-listed by OLGA SAIS | BRE #01144909 | NATIONAL REALTY GROUP
Last checked: 12 minutes ago | Last updated: March 31st, 2023 | Source CRMLS | DOM: 203

Home details

Lot Sq. Ft
7,245
HOA Dues
$0/mo
Year built
1951
Garage
--
Property Type:
Office
Status
Sold
MLS#
IV22198403
City
Downey
County
Los Angeles
Time on Site
596 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 48608
  • Total # of Buildings: 1
  • # of Leased Units: 3
Unit Breakdown 1
  • # of Units: 12155
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 12149
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,800
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 12151
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,100
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 12153
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,100
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $57,000
  • Gross Operating Income: --
  • Vacancy Allowance: $600
  • Laundry Income: $0
  • Other Income 1: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $15,000
  • Electric: $0
  • Trash: $3,600
  • Insurance: $3,240
  • Maintenance: $1,200
  • Professional Management: $2,400
  • Water/Sewer: $1,200
  • Other Expenses: $0

Property Details for 12151 Paramount Blvd

Interior Features
Laundry Information
  • None
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Flat, Rolled/Hot Mop, Tar/Gravel
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street, Rectangular Lot, Level, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 48608
  • Parcel Number: 6246007019
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Property is between Imperial Hwy and Stewart & Grey Road
View more facts & features

Local Downey Agent

Sale History for 12151 Paramount Blvd

Last sold for $1,300,000 on March 31st, 2023

  • March, 2023

  • Mar 31, 2023

    Date

    Sold

    CRMLS: IV22198403

    $1,300,000

    Price

  • Sep 9, 2022

    Date

    Active

    CRMLS: IV22198403

    $1,200,000

    Price

  • August, 2021

  • Aug 26, 2021

    Date

    Price Change

    CRMLS: OC21059806

    $1,195,000

    Price

  • May 22, 2021

    Date

    Active

    CRMLS: OC21059806

    $1,295,000

    Price

  • Apr 21, 2021

    Date

    Active Under Contract

    CRMLS: OC21059806

    $1,295,000

    Price

  • Mar 22, 2021

    Date

    Active

    CRMLS: OC21059806

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    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

  • April, 2019

  • Apr 3, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 12151 Paramount Blvd

Assessed Value (2020): $211,197
Year Land Value Improved Value Assessed Value
2020 $46,442 $164,755 $211,197

Home Value Compared to the Market

This property vs the competition

12151 Paramount Blvd sold on March 31, 2023 for 46.34% higher than the current median sold price for the city of Downey which is $820,000. The median sold price per/sqft for Downey is $540 and this home is sold at $265.13 per/sqft which puts the price per square foot 50.9% lower than the current median sale per square foot for the city of Downey.

About 12151 Paramount Blvd

Detailed summary of property

12151 Paramount Blvd is a office that recently sold in Downey, CA 90242. This office offered -- bedrooms, -- bathrooms, roughly 4,526 living square feet, and sits on an approximately 7,245 square foot lot. 12151 Paramount Blvd was first listed on ArdentRealEstateGroup.com on September 9, 2022. The homeowner sold the property for $1,300,000. Home in Downey are selling for a median price of $820,000 and a median price per square foot of $540. Based on Ardent Real Estate Group's Downey Market Data, this home is sold 46.34% higher than the current median priced home. While the average home in Downey, CA is selling in 50 days, 12151 Paramount Blvd has a days on market of 203 days. There are currently 84 homes for sale in the Downey real estate market and 71 of them are single family homes while 6 of them are condos and 7 are townhomes. For more information on this home for sale at 12151 Paramount Blvd Downey, CA 90242 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 12151 Paramount Blvd

Public county record property details
Beds
--
Baths
--
Year built
1951
Sq. Ft.
4,526
Lot Size
7,245
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
6246-007-019

The source for these homes facts are from public records.

90242 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$795,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$795,000
Median Sold Price/Sq.Ft.
$552
Total Inventory
22
Median Sale to List Price %
95.78%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (7.14%), Other (21.43%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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