Three-Building Retail Strip
8448 ALONDRA BLVD, Paramount, CA 90723
For Sale
Contact for pricing
The single-story center combines three separate structures with on-site parking and access to regional transit.
Property Size16,262 SF
Price / SF$408.31
Days on Market54
Property Features for 8448 ALONDRA BLVD
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Pylon Signage
Highway Access
Building Details
Buildings
Stories
Tenancy
Parking Ratio
Listing Agency:
Lee & Associates Los Angeles - Investment Services Group, Inc
Listed By:
Matthew Sullivan · License CA #00848427
(213) 623-0800
Source:
Crexi
Added: Sep 18
Changed: Oct 26
Last Checked: Nov 10 at 5:50AM
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 Los Angeles - Investment Services Group, Inc
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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.
This Paramount retail property comprises three freestanding, single-story buildings totaling 16,262 square feet. Occupancy is 93.5%, and on-site parking is provided at a ratio of 3.5 spaces per 1,000 square feet. Building and pylon signage are also present.
The center is near the Long Beach (710) Freeway and within close distance of multiple bus lines and the Metro Line, providing access to several public transportation options.
The center is near the Long Beach (710) Freeway and within close distance of multiple bus lines and the Metro Line, providing access to several public transportation options.
Key Highlights
- Three freestanding retail buildings totaling 16,262 square feet
- 93.5% occupied
- Parking ratio of 3.5/1,000 SF
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
Who owns this building?
See the owner, sales and loan history
Open 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
$500,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Strip malls in Los Angeles County, CA
Properties on Market for Strip malls in Los Angeles County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - The single-story center combines three separate structures with on-site parking and access to regional transit.
Where is this strip mall located?
The property is located at 8448 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: Three freestanding retail buildings totaling 16,262 square feet; 93.5% occupied; Parking ratio of 3.5/1,000 SF
