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    14045 Garfield Ave Paramount, CA 90723
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    14045 Garfield Ave, Paramount, CA 90723

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    • Retail space
    • 5,964 SF
    • 0.44 lot acres
    For Sale
    $1,999,888
    View Listing →
    Commercial Property with Cell Tower For Sale
    $1,999,888
    5,964 SF

    Commercial Property with Cell Tower

    Commercial property with long-term tenant and cell tower lease.

    14045 Garfield Ave., Paramount, CA 90723
    View Listing
    Property ID
    US09-8473966
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U-Haul Neighborhood Dealer / Car Rental Facility
    • SMC Outlet / Discount Store / Clothing & Fashion Store

    Property Details for 14045 Garfield Ave

    Year built
    1972
    Construction
    TILT-UP CONCRETE
    Lot size
    0.44 lot acres
    Zone code
    PAM2*
    Property type
    Retail space
    APN
    6236-031-035
    APU
    6236031035

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 14, 2024 — Surapong Suwannarat Surapong Suwannarat Deed · related —
    Oct 19, 2021 — Surapong Suwannarat Surapong Suwannarat Intrafamily Transfer · related —
    Sep 8, 1995 $400,000 Surapong Suwannarat Worthington Trust Grant Deed $250k · Wilshire State Bank

    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,865
    $325,725
    $325,725
    $651,450
    -
    $0.00
    $0.00
    $0.00

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    • Value Estimation
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      View Details

    Similar Nearby for Sale

    • $1,999,888
      5,964 SF

      Paramount Commercial Property For Sale

      Commercial property in Paramount, CA with long-term tenant and cell tower.
      14045 Garfield Ave, Paramount, CA 90723
      View Details
    • $1,875,000

      Paramount Retail/Office Investment Opportunity

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      Commercial Property with Cell Tower

      Commercial property with long-term tenant and cell tower lease.
      14045 Garfield Ave, Paramount, CA 90723
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      Paramount Mixed-Use Investment Opportunity

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    Similar Nearby for Lease

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      960 SF

      Retail Space For Lease

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      Retail Space in Paramount Plaza

      Retail space available for sublease in Paramount, CA.
      15713-15727 Downey Ave, Paramount, CA 90723
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      High-Visibility Retail Restaurant Space

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      Retail and Office Spaces Available

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      Paramount Retail Space For Lease

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    View Listing
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    Paramount, CA 90723
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    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.

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    14045 Garfield Ave, Paramount, CA, 90723
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