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To list your property with Belmont Brokerage, contact us at (818) 967-6311 or email brokerage@bbandm.com. Our team will provide a complimentary AI-powered Comparative Market Analysis (CMA), professional staging recommendations, and a customized marketing strategy. We list on the MLS and through our exclusive off-market network for maximum exposure.

Does Belmont Brokerage handle commercial real estate?

Yes. Belmont Brokerage handles commercial real estate transactions including office spaces, retail locations, multi-family investments, and mixed-use developments throughout Los Angeles County. Our commercial division provides investment analysis, lease negotiations, and 1031 exchange guidance.

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Belmont Brokerage combines California MLS data with internal valuation and offer-strategy workflows, plus compliance-aware document tooling. Agents get data-driven pricing context grounded in active listings and recent market activity.

Is Belmont Brokerage a licensed California real estate brokerage?

Yes. Belmont Brokerage Inc. operates under California Department of Real Estate (DRE) license #02431308. Listings shown from the MLS follow participating board rules, including attribution and IDX display requirements.

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16459 Illinois Avenue — Paramount | Belmont Brokerage | Belmont Brokerage

Active

$780,000

428 DOM

— bd— ba— sqft

Call

16459 Illinois Ave Paramount, CA 90723

8,012sqft lot

This prime corner property offers a total of 8,012 square feet of land, with street frontage on two sides and alley access. Perfect to build a warehouse or use as storage. The property consists of two lots to be sold together: APN 7102-022-008 at 16459 Illinois Ave (4,752 square feet) and APN 7102-022-033 at 7619 Harrison St (3,260 square feet). Zoned for manufacturing, this site provides convenient access to major freeways, including the 605, 105, 710, and 91, as well as the Ports of Los Angeles and Long Beach. Utilities on property Buyers are advised to verify lot size, zoning, investigations and any existing building square footage with the City of Paramount.

MLS PW25029302

562-521-9022 (Office) jasminegrif01@gmail.com

Est. payment

$4,985/mo

Principal & interestTaxesInsurance

$3,944$813$228

Down %

Rate %

Years

Down payment: $156,000 · Total cost: $1,575,878

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$4,985/mo

Principal & interest: $3,944
Est. property tax: $813
Est. insurance: $228
Down payment: $156,000

Est. gross rent$3,250/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-1,735/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.