13308 Paramount Boulevard, South Gate, CA 90280

About this commercial property

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.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$700,000

Sold August 2023 · on market July 2023 · MLS #23293747 · Source: CRMLS

Listing Agent: Daniel Hirth · Listing Office: KW Advisors · Contact: 310-482-2200 · Bought with: Abraham Sandoval · Investorforeclose Real Estate

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