South Gate, CA 90280,13308 Paramount BLVD
South Gate, CA 90280,13308 Paramount BLVD
South Gate, CA 90280,13308 Paramount BLVD
South Gate, CA 90280,13308 Paramount BLVD
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$700,000

$700,000

Est.Price: ?

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Est. payment /mo

8,067 Sqft Lot


SOLD DATE : 08/23/2023

Key Details

Sold Price $700,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23293747

Sold Date 08/23/23

HOA Y/N No

Year Built 1941

Lot Size 8,067 Sqft

Property Description

1,888-SF commercial property located in South Gate. The property is currently occupied by a single tenant (California Construction Services) with their lease set to expire on October 31, 2023. This presents a desirable opportunity for an owner/user or an investor to lease the property to a new tenant at market rate. With exceptional visibility and a high volume of vehicular traffic, which exceeds 33,840 vehicles per day, the property presents an excellent opportunity for value-add investors. Furthermore, the property is situated on a large 8,066-SF which provides for ample parking and also presents future redevelopment potential for the property. This value-add investment opportunity presents an investor with the opportunity to realize significant upside potential by leasing the property to a new tenant as the current tenant's lease is set to expire. Alternatively, an owner/user can take advantage of attractive SBA financing options that require as little as a 10% down payment.The property is located on a major thoroughfare of South Gate with great frontage on Paramount Boulevard. The commercial area of South Gate is home to over 300 small businesses, most family owned. Situated in the heart of South Gate, 13308 Paramount Boulevard, stands to benefit from the city's population and growth. Within a 3-mile radius, there are over 400,000 residents and within a 5-mile radius there are over 1 Million residents.

Location

State CA

County Los Angeles

Area T4 - South Gate E Of 710

Zoning SGC3*

Interior

Fireplace No

Laundry None

Exterior

Total Parking Spaces 2

Building

Lot Description No Landscaping, Rectangular Lot

Story 1

Others

Tax ID 6264006008

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Daniel Hirth • KW Advisors
Bought with Abraham Sandoval • Investorforeclose Real Estate

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