15514 Paramount Blvd, Paramount, CA 90723

Property Description

Back on the Market 06/22/2017. 5 Commercial units Available for Sale in Downtown Paramount, Ca. The property consists of one 2,500 sqft Warehouse, one 1,000 sqft storefront beauty salon and three storefront units with a combined square footage of 1,000 sqft The total building area measures 4,500 sqft on a 7,500 sqft lot. The property is fully rented, all leases are FSG and receives approximately $ 70,000 in annual income and reports annual expenses at $ 16,501, the current expected CAP RATE is 4.25% with great opportunity to grow. There are 5 current tenants: 2 Specialty beauty salons, a Photo Studio, a cellular phone and accessory store and an Auto Parts warehouse. The property sits on a busy street and has alley access with Ample parking and a private gate. The property has been nicely kept, some of the recent upgrades include: New sewer drain pipe, new Hot Water Heater, new electric and plumbing work throughout, new roof with a 5 year warranty, etc. The Downtown area of the City of Paramount is going through a revitalization effort from it's businesses and City Hall, many new large national chains are moving to the area, consider buying this property now before prices go up. See you in Escrow.