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4929-4943 Paramount Blvd

9,418 SF 100% Leased Retail Building Lakewood, CA 90712 £3,950,050 (£419/SF) 5.44% Net Initial Yield

Executive Summary

The property is located on the corner of Del Amo and Paramount Blvd. There are 2 neighboring properties, one on each side of the selling property. CVS PHARMACY AND Social Security Administration Building. The middle property is the selling property with its Lease by 6 different businesses. 1.Unit 4929-Tacos El Tapatio 2. Units-4933 3. Units 4931-DDT Financial 4. Unit 4935 First General Ins 5. Units 49637 Epsilon Nail and Spa 6. 4941-Game Stop 7.4943-Nguyen Dental All of which are long term tenants. Property is in great condition and financial information will be presented upon the signing of the NDA. The seller is a corporation LLC that may be be doing a 1031 exchange at no cost to the buyer. All parties verify and do their own due diligence on commercial property. The businesses are not included in the sale, only property is included in the sale. All information from Corporate is deemed reliable but not guaranteed. Buyer and buyer's Agent to due their own due diligence of the transaction.

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
9,418 SF
Building Class
C
Year Built
2004
Price
£3,950,050
Price Per SF
£419
Net Initial Yield
5.44%
NOI
£214,744
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.26
Land Acres
0.85 AC
Zoning
LKC3* - LKC3
Parking
59 Spaces (6.26 Spaces per 1,000 SF Leased)
Frontage
264 ft on Paramount Blvd

Amenities

  • Bus Route
  • Pylon Sign

Nearby Major Retailers

Charo Chicken Lakewood
Planet Fitness
Superior Grocers
United Rentals
Northgate Gonzalez Market
Starbucks
Winco Foods
Cafe Rio
The Little Gym
Jenny Craig

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7157-027-014
Land Assessment
£3,019,058
Improvements Assessment
£539,112
Total Assessment
£3,558,170
  • Listing ID: 30971207

  • Date on Market: 15/02/2024

  • Last Updated:

  • Address: 4929-4943 Paramount Blvd, Lakewood, CA 90712

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