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    15323 Paramount Blvd Paramount, CA 90723

    Sponsored
    For Sale
    $1,695,000

    Commercial/Residential, Traditional,Contemporary,Bungalow - Paramount, CA

    Property size:
    4,380 SF
    Lot size:
    15,006.00 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 4 at 1:06 am

    Property Features for 15323 Paramount Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room
    Bedrooms
    6
    Bathrooms
    5
    APN
    6270012015
    Parking
    12
    Parking features
    Carport, Covered, Driveway, Garage, Gated, Other, Oversized, RV, Workshop
    Interior features
    Panel Doors, Window Features: Bay Window(s)
    Exterior features
    Fence, Community Features Included: Gutters, Curbs, Street Lights, Storm Drains, Sidewalks, Suburban, Paved, Level, Lot 10000-19999 Sqft, Back Yard, Yard
    Fencing
    Fenced
    Size
    4,380 SF
    Lot size
    15,006.00 Acres

    Building Details

    Year built
    1948
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Laminate, Tile
    Roof type
    Tile
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Gretta Sheffer Minnema

    RE/MAX College Park Realty (888) 920-1993

    Listing agent Gretta Sheffer Minnema (562) 594-6753 License #00981062

    Listing date Mar 2, 2026

    MLS# RS26043623 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Investment in Paramount, CA

    This mixed-use investment property is located in downtown Paramount. Situated on a 15,006 square foot lot, the property includes approximately 4,380 square feet of combined building space. The property features a retail storefront currently occupied by a pet store with long-term tenants, a detached single-family home with three bedrooms and one bathroom, and three tenant-occupied one-bedroom, one-bathroom units. The single-family home offers approximately 1,138 square feet of living space, including an inside laundry room, an extra-long one-car garage, carport space, and additional storage inside the garage. The home features a spacious front porch, wainscotting in the living and dining rooms, a window seat in the dining room, custom woodwork, and a private enclosed backyard. At the rear of the lot are three rental units. One unit is a ground-level one-bedroom, one-bathroom unit with laundry, located behind the pet store (486 square feet). Another is an upstairs one-bedroom, one-bathroom unit with an office, laundry, and two single-car garages below it (630 square feet). The third is a ground-level one-bedroom, one-bathroom unit with laundry and an enclosed yard located behind the house (486 square feet). There is additional open storage space on the property which is also rented out. Gated access to the rear of the property from the alley is available for all tenants except for those in the three-bedroom home. The property is zoned C-M, Commercial Manufacturing, which allows for some C-3 General Commercial uses. The property has five electrical boxes, five gas meters, and two water meters. Electricity and gas are paid by tenants, while water and trash are paid by the owner. Panera Bread and Sprouts are being built the next block over on Somerset and Paramount Boulevard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paramount Pet Entertainment ... Event Planning

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paramount
    County
    Los Angeles
    State
    California
    Longitude
    -118.160335
    Latitude
    33.894104

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail, residential units, and development potential.
    Where is this mixed-use property located?
    The property is located at 15323 Paramount Blvd Paramount, CA.
    What is the asking price?
    The asking price for this property is $1,695,000.
    (562) 472-8929
    Request Owner's contact information
    15323 Paramount Blvd Paramount, CA 90723
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    Paramount, CA 90723
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15323 Paramount Blvd Paramount, CA 90723
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    We can help!
    Listing Contact
    Gretta Sheffer Minnema
    Real Estate License ID: 00981062
    (562) 472-8929 (562) 594-6753
    Learn more
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