12155 Paramount Blvd, Downey, CA 90242
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12155 Paramount Blvd Downey, CA 90242

$1,025,000 Sold Price as of 05/15/2023
  • 0 Beds
  • 2 Baths
  • 3,120 Sq.Ft.
Sold
$1,025,000 Sold Price as of 05/15/2023 Refinance Your Mortgage

Map preview of 12155 Paramount Blvd, Downey, CA 90242

Property Overview: 12155 Paramount Blvd Downey, CA has -- bedrooms, 2 bathrooms, 3,120 living square feet and 7,541 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 12155 Paramount Blvd, located in the HIGHLY DESIRED and EVER GROWING City of Downey, Ca. This is the INCREDIBLE OPPORTUNITY you have DREAMING of! Featuring 3,120 Newley Renovated Building SQFT, perched on a Generous sized 7,541 SQFT lot with direct entrance access right off of Paramount Blvd and at the rear of the building. Containing a private enclosed yard, 2- Restrooms, and Enclosed office area, Wet Bar / Kitchenette Area, Multiple Storage Rooms, Water closet, a Massive and Grand open area with a total of 15- Parking spaces (The only building in this plaza containing that many). Located right off of Paramount Blvd, with 52 feet of frontage which is an arterial road with significant traffic volume, making it one of the busiest streets in all of Downey Ca with thousands of cars passing by daily. The subjunctive parcel has a zoning designation of C3 which allows for a number of retail and commercial right and some subject to conditional use permit. Centrally located just minutes from The Downey Civic Center and City Hall, Downtown, New Downey Promenade, The Downey Landing, Kaiser Permanente, The Los Amigos and Rio Hondo Golf / Venue Centers, The Embassy Suites, The New Spring Hill Suites by Marriott, The Stonewood Shopping Center, Nationwide Award Winning Schools, Private Police and Fire Station. 5, 710, 91 HWYS and a short drive outside from Downtown Los Angeles, LAX and so much more! 12155 Paramount Blvd is the space you are DREAMING of and is awaiting YOU to bring your Business Vision to life! Act fast and don’t miss out on this incredible opportunity of a lifetime!

Listed by George Valencia | BRE #02083024 | Century 21 A Better Service
Last checked: 2 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
7,541
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Retail
Status
Sold
MLS#
DW23000599
City
Downey
County
Los Angeles
Time on Site
485 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 2
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $68,640
  • Net Operating Income: $66,984
  • Gross Operating Income: --
  • Laundry Income: $0
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: $1,656
  • Electric: $1,020
  • Trash: $0
  • Maintenance: $0
  • Professional Management: $0
  • Water/Sewer: $636
  • Other Expenses: $0

Virtual Tour

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Property Details for 12155 Paramount Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars, Wired for Alarm System
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • Wood
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 6500-9999, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 1
  • Parcel Number: 6246007022
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: North bound on Paramount Blvd, West of Alameda St.
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Sale History for 12155 Paramount Blvd

Last sold for $1,025,000 on May 15th, 2023
  • May, 2023

  • May 15, 2023

    Date

    Sold

    CRMLS: DW23000599

    $1,025,000

    Price

  • Jan 2, 2023

    Date

    Active

    CRMLS: DW23000599

    $1,199,989

    Price

  • August, 2004

  • Aug 24, 2004

    Date

    Sold (Public Records)

    Public Records

    $950,000

    Price

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Tax History for 12155 Paramount Blvd

Assessed Value (2020): $446,081
Year Land Value Improved Value Assessed Value
2020 $254,904 $191,177 $446,081

Home Value Compared to the Market

This property vs the competition

12155 Paramount Blvd sold on May 15, 2023 for 31.15% higher than the current median sold price for the city of Downey which is $915,000. The median sold price per/sqft for Downey is $533 and this home is sold at $384.61 per/sqft which puts the price per square foot 27.84% lower than the current median sale per square foot for the city of Downey.

About 12155 Paramount Blvd

Detailed summary of property

12155 Paramount Blvd is a retail that recently sold in Downey, CA 90242. This retail property offered -- bedrooms, 2 bathrooms, roughly 3,120 living square feet, and sits on an approximately 7,541 square foot lot. 12155 Paramount Blvd was first listed on ArdentRealEstateGroup.com on January 3, 2023. The homeowner sold the property for $1,025,000. Home in Downey are selling for a median price of $915,000 and a median price per square foot of $533. Based on Ardent Real Estate Group's Downey Market Data, this home is sold 31.15% higher than the current median priced home. Local homes that are currently for sale include 2749 E Anaheim St, 7024 S Western Ave and 2393 E Washington Blvd. While the average home in Downey, CA is selling in 50 days, 12155 Paramount Blvd has a days on market of 32 days. There are currently 85 homes for sale in the Downey real estate market and 73 of them are single family homes while 6 of them are condos and 6 are townhomes. For more information on this home for sale at 12155 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 12155 Paramount Blvd

Public county record property details
Beds
--
Baths
--
Year built
1949
Sq. Ft.
3,120
Lot Size
7,541
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
6246-007-022

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
$799,999
Median List Price/Sq.Ft.
$568
Median Sold Price
$830,000
Median Sold Price/Sq.Ft.
$501
Total Inventory
23
Median Sale to List Price %
98.82%
Avg Days on Market
21
Loan Type
Conventional (37.5%), FHA (37.5%), VA (0%), Cash (12.5%), Other (12.5%)

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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.