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12151 Paramount Boulevard

Downey, CA 90242
  • $1,200,000
  • STATUS: Active Under Contract
  • ON SITE: 20 Days
  • ID#: IV22198403
Under Contract
$1,200,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Listing Agent(s): Gene Sais of National Realty Group (951-684-7283) and Olga Sais of National Realty Group(951-684-7283)


Description

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!!!!!!!.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-30T00:30:20.567. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
www.betterlivingsocalhomes.com/homes/132966130
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12151 Paramount Boulevard Downey, CA 90242

  • Price: $1,200,000
  • Status: Active Under Contract
  • On Site: 20 Days
  • ID#: IV22198403
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1951
Built
Neighborhood:
D3 - Southwest Downey, S of Firestone, W of Downey
County:
Los Angeles
Area:
D3 - Southwest Downey, S of Firestone, W of Downey
Property Description
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!!!!!!!.
Exterior Features

Construction Materials DrywallFramePlasterSee RemarksStucco Lot Features LevelNear Public TransitRectangular LotStreet Level Roof CompositionFlatRolled/Hot MopTar/Gravel Sign On Property YN No

Property Features

Additional Parcels YN No Building Name The Gallagher Business Type AppliancesAccountingArts And EntertainmentAdministrative And SupportAnimal GroomingAquarium SuppliesAdvertisingBarber/BeautyBakeryBooks/Cards/StationaryButcherCandy/CookieClothingCommercialComputerConvenience StoreCarpet/TileDance StudioDecoratorDeli/CateringDental Cap Rate 5 Common Interest None Current Financing None Electric Expense 0 Gross Scheduled Income 72000 Insurance Expense 3240 Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalFannie MaeGovernment LoanSubmit Maintenance Expense 1200 Net Operating Income 57000 Number Of Units Leased 3 Operating Expense 15000 Other Expense 0 Property Sub Type Office Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Supplies Expense 0 Trash Expense 3600 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer Connected Vacancy Allowance 600 Vacancy Allowance Rate 10 Water Sewer Expense 1200 Water Source Public Zoning Doc3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-30T00:30:20.567. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
 
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Better Living SoCal
250 El Camino Real #104
Tustin CA, 92780
Listing Agent(s): Gene Sais of National Realty Group (951-684-7283) and Olga Sais of National Realty Group(951-684-7283)