Multi-Tenant Strip
For Sale
$6,640,000
8428-8456 E Alondra Blvd, Paramount, CA 90723
One-story retail property with three freestanding buildings, signage, and on-site parking.
Property Size16,262 SF
Price / SF$408.31
Days on Market50
Property Features for 8428-8456 E Alondra Blvd
General Information
Standard status
Active
Size
16,262 SF
Property subtype
Retail
Occupancy
94%
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Highway Access
Yes
Building Details
Building Size
16,262 SF
Year Built
1987
Buildings
3
Stories
1
Tenancy
Multi
Parking Ratio
3.5 per 1,000 SF
Listing Agency:
Lee & Associates | Investment Services Group
Listed By:
Matthew Sullivan · License #00848427
(213) 623-0800
Source:
Lee-associates
Added: Aug 26
Changed: Oct 10
Last Checked: Oct 12 at 6:27PM
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 Lee & Associates | Investment Services Group
Investment Insights
Based on property information with market context.
8428-8456 E Alondra Blvd is a one-story strip mall in Paramount, California, comprising three freestanding retail buildings totaling approximately 16,262 SF. Constructed in 1987, the property is configured for multiple occupants and includes on-site parking, building signage, pylon signage, and drive-thru access.
The center is currently 93.5% occupied. Parking is provided at a ratio of 3.5 spaces per 1,000 SF, while access to the 91 and 710 freeways supports regional connectivity. The property’s position along E Alondra Blvd places the retail buildings within a visible major-street setting.
The center is currently 93.5% occupied. Parking is provided at a ratio of 3.5 spaces per 1,000 SF, while access to the 91 and 710 freeways supports regional connectivity. The property’s position along E Alondra Blvd places the retail buildings within a visible major-street setting.
Key Highlights
- Approximately 16,262 SF of multi‑tenant retail space
- Three freestanding one‑story retail buildings
- 93.5% current occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$359,790
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,195,800
$7.2M
Cap Rate 7%
$5,139,857
$5.1M
Cap Rate 9%
$3,997,667
$4.0M
Market Conditions
NOI Build-Up for 16,262 SF
Gross rent
$550.3K $33.84/SF
− Vacancy
−$36.3K −$2.23/SF
EGI
$514.0K $31.61/SF
− OpEx
−$154.2K −$9.48/SF
NOI
$359.8K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,195,800
Cap Rate 7%
$5,139,857
Cap Rate 9%
$3,997,667
Alternative Uses
Best Use
Retail
$5.14M
$4.50M – $6.00M
NOI $359,790 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.71M
$7.62M – $10.16M
NOI $609,463 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
93.5%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,744
Businesses Nearby
138k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Groceries 32%
Shops & Services 1%
Electronics 1%
Stater Bros. Markets
Groceries
44,330 visits/mo
0.1 miles
McDonald's
Dining
32,729 visits/mo
0.5 miles
King Taco
Dining
28,536 visits/mo
0.5 miles
Starbucks
Dining
19,012 visits/mo
0.4 miles
El Gallo Giro
Dining
8,900 visits/mo
0.5 miles
Demographics for 90723, CA
53,770
Population
14,585
Households
3.7
Avg Household Size
33
Median Age
13%
College-Educated
66%
High-School Grad
4.7 sq mi
ZIP Area
11,440
Density / Sq Mi
$70,912
Median Household Income
$35,032
Median Earnings
$1,772
Median Rent
$500,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - One-story retail property with three freestanding buildings, signage, and on-site parking.
Where is this strip mall located?
The property is located at 8428-8456 E Alondra Blvd Paramount, CA.
What is the asking price?
The asking price for this property is $6,640,000.
What are key features of this property?
This property features: Approximately 16,262 SF of multi‑tenant retail space; Three freestanding one‑story retail buildings; 93.5% current occupancy
