13000 ParamountDowney, CA 90242

Description

Back on Market after Buyer could not perform! Discover a rare mixed-use investment and live/work opportunity in the heart of Downey. This property features two buildings combining street-front retail and multifamily residential for diversified income and flexible future use. The front building includes ground-floor retail occupied by a tenant with 3+ years remaining on a NNN lease, plus a 1-bedroom residential unit above. The rear building offers two stacked 2-bedroom residential units with one unit delivered vacant. All residential tenants are currently month-to-month, allowing investors or owner-users the flexibility to reposition, adjust rents, or occupy units as desired. Situated on busy Paramount Blvd, the property enjoys high visibility, convenient freeway access, and proximity to schools, restaurants, and major businesses, ensuring continued tenant demand and long-term value appreciation. Highlights: •Two-building mixed-use property (retail + multifamily) •Front building: Street-front retail with 3+year lease + 1-bed unit above •Rear building: (2) 2-bed units •Residential units all month-to-month (upside flexibility) •Possible SBA financing available through business purchase •Excellent location near freeways, schools, and major businesses A unique blend of stable income, flexible occupancy, and redevelopment potential, 13000 Paramount Blvd offers investors and entrepreneurs a truly versatile Downey asset. *Possible purchase of retail business. Inquire with broker.

Property Information

Property type

Residential Income

Sub-type

Mixed Use

Year built

1929

Stories

2

Building area

3,421 Sq Ft

Lot size

0.14 acres

Parking spaces

3

Days on market

329

MLS^® Listing#

PW25250748

Property Features

Pool

None

Laundry

None

Lot features

Corner Lot

Community

Curbs · Street Lights · Sidewalks

Sewer

Public Sewer

Water source

Public

Parcel number

6260001034

Directions

On Paramount Blvd, South of Imperial, North of Gardendale