13000 Paramount new Save Request In-Person Tour Request Virtual Tour
Downey,CA 90242
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25250748
Year Built 1929
Lot Size 5,937 Sqft
Property Sub-Type Mixed Use
Property Description
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 1,820 SF of ground-floor retail occupied by a stable tenant with 8 years remaining on the lease, plus a 1-bedroom residential unit above. The rear building offers two stacked residential units—a 2-bedroom non-conforming ground-floor unit and a permitted 2-bedroom unit above. The non-conforming unit presents a prime opportunity for an owner-user to occupy as a live/work residence, or potentially legalize or expand under current ADU provisions to increase rental income.
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: 1,820 SF retail with 8-year lease + 1-bed unit above
•Rear building: (1) 2-bed + (1) 2-bed non-conforming ground-floor unit (live/work or ADU potential)
•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.
Location
State CA
County Los Angeles
Area D3 - Southwest Downey, S Of Firestone, W Of Downey
Interior
Laundry None
Exterior
Pool None
Community Features Curbs,Street Lights,Sidewalks
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard