Under Contract

13000 Paramount

Downey, CA 90242

$1,350,000 $5,691/Mo

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Overview

Bed

Bath

3,421

Sqft

5,937

Sqft(Lot)

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 inve stors 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.

Property Details

Property Type : Residential Income

Price : $1,350,000

AD Id : 68305569

MLS Id : PW25250748

Lot Size : 5,937 Sqft

Living Area Size : 3,421

Year Built : 1929

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer

Building Information

Year Built: 1929 Building Area Total: 3,421
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1363
Lot Size Source: Assessor Lot Size Square Feet: 5937

Listing Price Information

Original List Price: 1,350,000 Listing Contract Date: 2025-10-31
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 6260001034

Other Property Info

Source Listing Status: Active Under Contract Source Neighborhood: D3 - Southwest Downey, S of Firestone, W of Downey Directions: On Paramount Blvd, South of Imperial, North of Gardendale Source Property Type: Residential Income Area: D3 - Southwest Downey, S of Firestone, W of Downey Property SubType: Mixed Use
Building and Construction

Property Age: 97 Common Walls: 2+ Common Walls Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes

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Nearby Home Value

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10253 Angell, Downey, CA, 90242	$799,000	4	3	1,830	1,830 SqFt
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8410 Cavel Street, Downey, CA, 90242	$939,997	4	2	1,463	1,463 SqFt
12650 Glenshire, Downey, CA, 90242	$899,000	3	2	1,496	1,496 SqFt
8324 Alameda, Downey, CA, 90242	$2,100,000	--	--	5,424	5,424 SqFt
12913 Whitewood Avenue, Downey, CA, 90242	$959,000	3	2	1,593	1,593 SqFt
12268 Samoline Street, Downey, CA, 90242	$1,289,000	4	2	2,137	2,137 SqFt
8502 Borson Street, Downey, CA, 90242	$860,000	3	2	1,432	1,432 SqFt
12301 Rives Avenue, Downey, CA, 90242	$975,000	3	2	1,124	1,124 SqFt
13435 Dempster, Downey, CA, 90242	$579,000	2	1	608	608 SqFt

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ByOwner last updated this listing 06/05/2026 @ 02:51

MLS: PW25250748 LISTED BY: Stelios Zoumberakis, Keller Williams Coastal Prop. 562-961-1400 SOURCE: CRMLS