List Price: $1.65M

Listing Status: Pending

Original List Price: $1.7M

Days on Market: 110

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1948

Lot Size: 15,006 sq ft

Garage Spaces: 3

Private Pool: Yes

MLS Number: RS26043623

About This Property

First time on the market in over 50 years! This is the perfect opportunity for an owner-user investment property located in the heart of downtown Paramount. It is located on a 15,006 Sqft lot with approximately 4,380 Sqft for all buildings combined. This property features a Pet Store retail store front with long-term tenants (1640SF), a beautiful detached 3 bedroom 1 bath single family home, and 3 tenant-occupied 1 bedroom, 1 bath units. The 3 bedrooms and 1 bath home consists of approximately 1138 Sqft of living area including inside laundry room, an extra-long 1 car garage plus carport space and additional storage inside the garage. It was recently painted inside and out. The new wood-look laminate flooring was installed throughout and the full bath was remodeled including lovely white & gray tile surround at the tub, a vanity and new fixtures. Features on this home include a spacious front porch, wainscotting in the living and dining rooms, a window seat in the dining room, custom woodwork, a private enclosed backyard and plenty of parking. At the rear of the lot are the 3 rental units which are currently tenant occupied: (1) 1 bedroom, 1 bath ground level unit with laundry, located behind the pet store (486 SF). (2) 1 bedroom, 1 bath upstairs unit with an office, laundry and 2 single car garages below it (630 SF). (3) 1 bedroom, 1 bath ground level unit with laundry and enclosed yard located behind the house (486SF). There is additional open storage space on the property which is also rented out. There is gated access to the rear of the property from the alley which all tenants use except for the 3 bedroom home. C-M zoning, Commercial Manufacturing”, allows for some C-3 “General Commercial” uses, the list is EXTENSIVE as for probable uses! See the additional supplements section for Zoning Map and city of Paramount Municipal Code showing permitted uses. Buyer to verify all information with the city. Property has 5 Electrical boxes, 5 Gas Meters and 2 water Meters. Electricity and Gas paid by tenants and water and trash paid by owner. Convenient access to the 91, 710 and 105 Freeways. PANERA BREAD and SPROUTS are being built the next block over on Somerset and Paramount Blvd according to the city!!!