14147-14151 Paramount Boulevard

    Paramount, CA 90723
    • $2,000,000 - $2,300,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: PW19108561
    UPDATED: 36 min ago
    $2,000,000 - $2,300,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,049
      SQFT
    • $229
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    Owner operated building with street entrance through Rose and Colorado. There is a single family home in the back of the building at 14146 1bedroom 1bathroom 1 parking spot. Building's 1st floor is 4327 sqft of store front retail space which is currently used as a furniture shop that has a lunch area, 3 bathrooms 4 individual openings and storage area. You can subdivide into 3 retail spots with their own bathrooms. The Paramount area calls for $1.50 square foot of leasable space. 2nd floor is 10 units that are singles with kitchens and bathrooms. 1 unit is a 1 bedroom 1 bathroom. The rents have just been recently raised to $663 which are still low. Their are 23 parking spots. This building has incredible rental upside. Great potential cash flow 35% below market rents. Corner lot great exposure for any business. Price has some Flex

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T21:43:10.433. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/94608878

    14147-14151 Paramount Boulevard Paramount, CA 90723

    • Price: $2,000,000 - $2,300,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: PW19108561
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    10,049
    SQFT
    $229
    $/SQFT
    1946
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Owner operated building with street entrance through Rose and Colorado. There is a single family home in the back of the building at 14146 1bedroom 1bathroom 1 parking spot. Building's 1st floor is 4327 sqft of store front retail space which is currently used as a furniture shop that has a lunch area, 3 bathrooms 4 individual openings and storage area. You can subdivide into 3 retail spots with their own bathrooms. The Paramount area calls for $1.50 square foot of leasable space. 2nd floor is 10 units that are singles with kitchens and bathrooms. 1 unit is a 1 bedroom 1 bathroom. The rents have just been recently raised to $663 which are still low. Their are 23 parking spots. This building has incredible rental upside. Great potential cash flow 35% below market rents. Corner lot great exposure for any business. Price has some Flex
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 23.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 1.80 Community Features Sidewalks Country Us Electric Expense 3600.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 87516.00 Gross Multiplier 26.30 Gross Operating Income 83140.00 Gross Scheduled Income 87516.00 Insurance Expense 3000.00 Land Lease YN No Laundry YN No Maintenance Percent 3.00 Net Operating Income 40403.00 New Construction YN No New Taxes Expense 27600.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 3 Number Of Units Leased 12 Operating Expense 427737.00 Other Expense 1980.00 Other Expense Description Parking Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 7956.00 Total Expenses 39082.00 Trash Expense 1057.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 1200.00 Water Source Public Year Built Source Public Records Zoning Pacm*

    Listing provided courtesy of Anthony Prieto of Coldwell Banker Alliance


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T21:43:10.433. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024