Retail Space on Paramount
For Sale
$2,080,000
12056 Paramount Blvd, Downey, CA 90242
Retail space available for sale on Paramount Boulevard.
Property Size3,464 SF
Price / SF$600.46
Days on Market184
Property Features for 12056 Paramount Blvd
General Information
Standard status
Active
Size
3,464 SF
Class
C
Property subtype
Retail
Building Details
Building Size
3,464 SF
Year Built
1966
Buildings
1
Listing Agency:
Kidder Mathews
Listed By:
Jay Martinez · License #01367663
(424) 653-1841
Source:
Kidder
Added: Apr 20
Changed: Aug 8
Last Checked: Jul 7 at 11:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A retail space is available for sale. The property offers 3,464 square feet of space and is located on Paramount Boulevard.
Key Highlights
- Retail space available for sale.
- Located on Paramount Boulevard.
- Built in 1966.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,559
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,751,180
$1.8M
Cap Rate 7%
$1,250,843
$1.3M
Cap Rate 9%
$972,878
$972.9K
Market Conditions
NOI Build-Up for 3,464 SF
Gross rent
$128.0K $36.96/SF
− Vacancy
−$2.9K −$0.85/SF
EGI
$125.1K $36.11/SF
− OpEx
−$37.5K −$10.83/SF
NOI
$87.6K $25.28/SF
Area
Downey, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,751,180
Cap Rate 7%
$1,250,843
Cap Rate 9%
$972,878
Alternative Uses
Best Use
Retail
$1.25M
$1.09M – $1.46M
NOI $87,559 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,932 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,161
Businesses Nearby
Explore this area
Business Placement
Demographics for 90242, CA
42,939
Population
12,756
Households
3.4
Avg Household Size
36
Median Age
24%
College-Educated
79%
High-School Grad
4.5 sq mi
ZIP Area
9,542
Density / Sq Mi
$83,238
Median Household Income
$42,064
Median Earnings
$1,874
Median Rent
$676,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale on Paramount Boulevard.
Where is this retail space located?
The property is located at 12056 Paramount Blvd Downey, CA.
What is the asking price?
The asking price for this property is $2,080,000.
What are key features of this property?
This property features: Retail space available for sale.; Located on Paramount Boulevard.; Built in 1966.
