12040 Paramount Blvd
90242
DowneyAsking price
$3,200,000
$620 / ft²Request to be contacted by Milton Jaime Bernal
Strip center for sale in Downey, CA
This property is located at 12040 Paramount Blvd in Downey, offering 5125 sqft of space. Originally built in 1965, the building features a diversified tenant mix, with triple net leases in place on 76% of the rentable square footage. The property provides flexibility for an owner-user to occupy up to 65% of the building, with month-to-month and short-term lease arrangements extending until May 2025. This configuration allows for a supplemental income stream from the remaining square footage. As a leased investment, the property functions as a stabilized asset with a cap rate of over 7% based on current in-place income.
Downey is a well-established city in Los Angeles County, known for its central location and accessibility to major regional transportation routes. The property is situated on Paramount Blvd, a significant thoroughfare that supports local commerce and provides connectivity throughout the area. The surrounding community offers a mix of residential and commercial developments, benefiting from the infrastructure and amenities typical of this part of Southern California.
Asking price
$3,200,000
$620 / ft²Request to be contacted by Milton Jaime Bernal
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