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Listed by Stelios Zoumberakis • Keller Williams Coastal Prop.
$ 1,350,000
Est. payment /mo
New
13000 Paramount Downey, CA 90242
5,937 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25250748
Year Built 1929
Lot Size 5,937 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Discover a rare mixed-use investment and live/work opportunity in the heart of Downey. This property features two buildings combining street-front retail and multifamily residential for diversified income and flexible future use. The front building includes 1,820 SF of ground-floor retail occupied by a stable tenant with 8 years remaining on the lease, plus a 1-bedroom residential unit above. The rear building offers two stacked residential units-a 2-bedroom non-conforming ground-floor unit and a permitted 2-bedroom unit above. The non-conforming unit presents a prime opportunity for an owner-user to occupy as a live/work residence, or potentially legalize or expand under current ADU provisions to increase rental income. All residential tenants are currently month-to-month, allowing investors or owner-users the flexibility to reposition, adjust rents, or occupy units as desired. Situated on busy Paramount Blvd, the property enjoys high visibility, convenient freeway access, and proximity to schools, restaurants, and major businesses, ensuring continued tenant demand and long-term value appreciation. Highlights: .Two-building mixed-use property (retail + multifamily) .Front building: 1,820 SF retail with 8-year lease + 1-bed unit above .Rear building: (1) 2-bed + (1) 2-bed
Location
State CA
County Los Angeles
Area D3 - Southwest Downey, S Of Firestone, W Of Downey
Interior
Laundry None
Exterior
Garage Spaces 3.0
Pool None
Building
Water District - Public
Others
Tax ID 6260001034
Special Listing Condition Not Applicable
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