15742-15744 California Ave

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.**