South Gate, CA 90280,13308 Paramount Boulevard

$700,000

Est. payment /mo

$700,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

13308 Paramount Boulevard South Gate, CA 90280

1,888 SqFt

SOLD DATE : 08/23/2023

Key Details

Sold Price $700,000

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Sold

Purchase Type For Sale

Square Footage 1,888 sqft

Price per Sqft $370

MLS Listing ID CL23293747

Sold Date 08/23/23

HOA Y/N No

Year Built 1941

Lot Size 8,066 Sqft

Acres 0.19

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 an

Location

State CA

County Los Angeles

Area South Gate E Of 710

Zoning SGC3

Interior

Fireplace No

Exterior

Total Parking Spaces 2

Building

New Construction No

Others

Tax ID 6264006008

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bridge MLS
Listed by Daniel Hirth • KW Advisors
Bought with Datashare Cr Don't DeleteDefault Agent
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.