14113 Downey Ave Paramount, CA 90723-2806
- Retail space
- 1,968 SF
- 0.47 lot acres
Current Use by Public Records
- Orlandi Valuta / Money Transfer Service / Money Order Service
- Five Star Market / Butcher Shop / Supermarket
Property Details for 14113 Downey Ave
- Year built
- 1949
- Construction
- WOOD
- Lot size
- 0.47 lot acres
- Property size
- 1,968 SF
- Zone code
- PAR1YY
- Property type
- Retail space
- APN
- 6265-026-105
- APU
- 6265026105
Description
This Paramount, CA property offers a compelling redevelopment opportunity. Situated on a 20,687 square foot lot (0.47 acres) at 14113 Downey Ave, it features approved plans for a new 5,874 square foot, five-suite commercial or medical building. The property benefits from a highly desirable location, boasting 117 feet of linear frontage on Downey Avenue and a total of 371 feet of frontage with six curb cuts. Its proximity to Paramount High School (serving over 4,700 students) ensures high visibility and a substantial potential customer base within a 5-mile radius encompassing over 520,000 residents. The zoning designation, PAR1YY (PD-PS), allows for a wide range of development options, including mixed-use projects. The asking price is $2,175,000, and attractive financing is available through an SBA 504 loan, covering 90% of the purchase price and construction costs at a fixed 5.75% interest rate. The seller is open to a leaseback arrangement of up to one year and may consider carrying a second trust deed. This presents a unique opportunity for owner-users seeking a medical, dental, or retail space, or for investors looking for a triple-net investment, such as a drive-through service, multi-tenant strip center, or medical facility. The property's APN is 6265-026-105.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $490,000
- 6.5%
- $475,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $470,000
- Retail
- $500,000
- Mixed-Use
- $395,000
- Hospitality
- $415,000
- Educational
- $395,000
- Residential Income
- $500,000
- Energy
- $390,000
- Income-Based Land
- $380,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- Paramount
- County
- Los Angeles
- State
- California
- Longitude
- -118.152
- Latitude
- 33.9046
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
