13000 Paramount Active Save Request In-Person Tour Request Virtual Tour
Downey,CA 90242
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,421 sqft
Price per Sqft $394
MLS Listing ID CRPW25250748
Year Built 1929
Lot Size 5,937 Sqft
Property Sub-Type OTHER
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 n
Location
State CA
County Los Angeles
Interior
Laundry No Hookups
Building
Lot Description Corner Lot