14045 Garfield Ave Paramount, CA 90723
- Retail space
- 5,964 SF
- 0.44 lot acres
Current Use by Public Records
- U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
- SMC Outlet / Outlet Store
Property Details for 14045 Garfield Ave
- Year built
- 1972
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.44 lot acres
- Property size
- 5,964 SF
- Zone code
- PAM2*
- Property type
- Retail space
- APN
- 6236-031-035
- APU
- 6236031035
Description
This exceptional Paramount, CA commercial property at 14045 Garfield Ave. presents a rare investment opportunity. The 5,964 square foot building sits on a 0.44-acre lot and boasts a substantial monthly rental income of $7,123. This income is derived from a long-term tenant, occupying the space for over two decades, and a newly negotiated 35-year lease with a cell tower company. The property's location provides excellent access to major freeways, including the 91, 605, 710, and 105, ensuring high visibility and convenient access for both tenants and customers. The building has not been on the market for over 40 years, representing a unique chance to acquire a stable, high-yielding asset with significant potential for future growth. This is a remarkable opportunity for investors seeking a proven, long-term income stream with a strong tenant base and a secure, extended lease agreement. The property's size and location make it ideal for a variety of commercial uses, offering considerable flexibility for future development or expansion. This is a must-see property for discerning investors seeking a secure and profitable investment. The substantial rental income and long-term lease agreements provide a strong foundation for a successful investment strategy. Don't miss this chance to acquire a piece of Paramount's thriving commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $490,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $340,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $370,000
- Mixed-Use
- $360,000
- Hospitality
- $385,000
- Educational
- $355,000
- Residential Income
- $415,000
- Energy
- $445,000
- Income-Based Land
- $405,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Paramount
- County
- Los Angeles
- State
- California
- Longitude
- -118.169
- Latitude
- 33.9062
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
