15742-15744 California Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
15742-15744 California Ave
12,505 SF 46% Leased Retail Building Paramount, CA 90723 $3,750,000 ($300/SF)
Executive Summary
Downtown Paramount Redevelopment Opportunity
• Calla Commercial is pleased to present this redevelopment opportunity in the city of Downtown Paramount. The owner has owned the property for ~20 years and is now ready to retire. This is a tremendous opportunity for a investor/developer to acquire a larger parcel to potentially develop a residential/retail mixed use in a thriving Downtown Paramount location.
• The property consists of a daycare facility (approx. 6K sf building) in the rear and a vacant retail building formerly occupied by a auto upholstery tenant (approx. 2.4k sf) along with a auto mechanic shop (approx. 4.3k sf) in the front. The daycare pays $7k gross per month and lease expires in approx. 5 years. Auto mechanic is on a month to month lease and pays $5.6K gross per month.
• Downtown Paramount on Paramount Blvd which starts from Jackson St. to Alondra Blvd is home to nearly 900 thriving local, regional, and national businesses such as Starbucks, The Habit, Ross Dress for Less, WSS Shoes, Northgate Market, IHOP, Bank of America and more.
• Located at the gateway to the Los Angeles metropolis, the City of Paramount offers a secure quality of life to nearly 54,000 residents and a business-friendly attitude that has created a growing retail and services.
https://www.paramountcity.com/government/city-profile
• Important Note: Absolutely Do Not Approach the Tenants. Buyer shall be responsible and must verify all intended use with the city.**
• Calla Commercial is pleased to present this redevelopment opportunity in the city of Downtown Paramount. The owner has owned the property for ~20 years and is now ready to retire. This is a tremendous opportunity for a investor/developer to acquire a larger parcel to potentially develop a residential/retail mixed use in a thriving Downtown Paramount location.
• The property consists of a daycare facility (approx. 6K sf building) in the rear and a vacant retail building formerly occupied by a auto upholstery tenant (approx. 2.4k sf) along with a auto mechanic shop (approx. 4.3k sf) in the front. The daycare pays $7k gross per month and lease expires in approx. 5 years. Auto mechanic is on a month to month lease and pays $5.6K gross per month.
• Downtown Paramount on Paramount Blvd which starts from Jackson St. to Alondra Blvd is home to nearly 900 thriving local, regional, and national businesses such as Starbucks, The Habit, Ross Dress for Less, WSS Shoes, Northgate Market, IHOP, Bank of America and more.
• Located at the gateway to the Los Angeles metropolis, the City of Paramount offers a secure quality of life to nearly 54,000 residents and a business-friendly attitude that has created a growing retail and services.
https://www.paramountcity.com/government/city-profile
• Important Note: Absolutely Do Not Approach the Tenants. Buyer shall be responsible and must verify all intended use with the city.**
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,505 SF
Building Class
C
Year Built
1973
Price
$3,750,000
Price Per SF
$300
Percent Leased
46%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.69 AC
Zoning
C3 - General Commercial
Parking
30 Spaces (2.4 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Air Conditioning
Walk Score ®
Very Walkable (87)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6270-024-023 | Improvements Assessment | $1,001,237 |
| Land Assessment | $975,733 | Total Assessment | $1,976,970 |
PROPERTY TAXES
Parcel Number
6270-024-023
Land Assessment
$975,733
Improvements Assessment
$1,001,237
Total Assessment
$1,976,970
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Calla Commercial Real Estate
15742-15744 California Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.