Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3950-3960 Paramount Blvd Lakewood, CA 90712

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr ($8,605 /Mo)

    Recently renovated office space with excellent freeway access and planned improvements.

    Property size:
    38,970 SF
    Lot size:
    38,970 SF

    Property Features for 3950-3960 Paramount Blvd

    General Information

    Size
    38,970 SF

    We can help!

    Listing Contact
    Garrett Massaro, Sior
    Source: Lee-associates

    Listing Agent: Garrett Massaro, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Refurbished Office Space Near Airport

    Wing Office Park is situated on the border of Long Beach and Lakewood, offering accessibility to major markets, airports, and ports within 30 minutes. The building, with a property size of 38970 square feet, has been recently refurbished, featuring new roofs, a new HVAC system, new digital controls, new parking lot asphalt, and new exterior paint. Additional improvements are planned. The location is adjacent to the Douglas Park Master Planned Development and Long Beach Airport. Local amenities include Long Beach Airport, Lakewood Country Club, restaurants, and entertainment options. The property offers golf course views and is a garden rise/walk-up business park with elevator service. It provides excellent access to the 405 Freeway. Frontier Fios is available. Covered parking with solar panels and lobby/restroom refurbishment have been recently completed. The listing price is $2.65.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.1586338
    Latitude
    33.8290989

    Nearby Similar for Lease

    • Contact for pricing

      High-Visibility Corner Retail Opportunity

      12,000 SF property on 1.2 acres in prime Lakewood location.
      Lakewood, CA 90712
      View Details
    • Contact for pricing
      27,581 SF

      Retail Space in Lakewood Center

      Retail space in high-traffic Lakewood location near major retailers.
      5255 Lakewood Blvd, Lakewood, CA 90712
      View Details
    • Contact for pricing

      Lakewood Retail and Restaurant Spaces

      Retail and restaurant spaces for lease in Lakewood shopping center.
      4009 Hardwick St, Lakewood, CA 90712
      View Details
    • $15 SF/Yr
      5,798 SF

      Lakewood Executive Office Suites

      Prime Lakewood location, multiple suites available.
      4105-4129 South St, Lakewood, CA 90712
      View Details
    • $21 SF/Yr
      19,574 SF

      Lakewood Plaza Retail Center

      High-identity retail space available in Lakewood, CA.
      4314 South St, Lakewood, CA 90712
      View Details
    • Contact for pricing
      65 SF

      Flex/Medical/Retail Campus For Rent

      Four-building campus near Long Beach Airport, suitable for flex/medical/retail.
      3120-3180 East Carson St, Lakewood, CA 90712
      View Details
    • Contact for pricing
      15,714 SF

      Freestanding Building with Office Space

      Industrial building featuring office space and loading doors for lease.
      3140 E Carson St, Lakewood, CA 90712
      View Details
    • $1.60 SF/Yr
      3,837 SF

      Lakewood Warehouse with Loading Door

      Warehouse space near Long Beach Airport with loading door.
      3700 Industry Ave, Lakewood, CA 90712
      View Details
    • $1.85 SF/Yr
      19,574 SF

      Retail Space in Active Center

      Former hair salon space in an active retail strip center.
      4314 South St, Lakewood, CA 90712
      View Details
    • $2 SF/Yr
      2,865 SF

      Lakewood Office Space For Rent

      Office space featuring a double door entrance and expansive windows.
      3950 Paramount Blvd, Lakewood, CA 90712
      View Details
    • Contact for pricing

      Lakewood Retail/Office Space Available

      1,440 sq ft space for lease in Lakewood, CA.
      5501 Del Amo Blvd, Lakewood, CA 90713
      View Details
    • $2 SF/Yr
      905 SF

      Lakewood Office Space Available

      Office space available in Lakewood, CA starting 1/1/2026.
      4010 Watson Plaza Dr, Lakewood, CA 90712
      View Details

    FAQs

    What type of property is this?
    Office space - Recently renovated office space with excellent freeway access and planned improvements.
    Where is this office space located?
    The property is located at 3950-3960 Paramount Blvd Lakewood, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Recently refurbished with **new roofs, HVAC system, digital controls, parking lot asphalt, and exterior paint.**; - Excellent 405 Freeway access.; - Strategic location on the border of Long Beach and Lakewood, offering a 30-minute solution to major markets, airports, and ports.
    (562) 354-2516
    Request Owner's contact information
    3950-3960 Paramount Blvd Lakewood, CA 90712
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3950-3960 Paramount Blvd
    Lakewood, CA 90712
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3950-3960 Paramount Blvd Lakewood, CA 90712
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Garrett Massaro, Sior
    Real Estate License ID: 01771471
    (562) 354-2516
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.