
Downey, California 90242
Analysis of 13000 Paramount, Downey, California 90242 is currently available with a list price of $1,350,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Downey Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Despite being built in 1929, the property is move-in ready and features residential units that have undergone significant recent updates. Interior images show modern laminate wood flooring, updated stone countertops, and contemporary cabinetry in the kitchens. While some dated elements like popcorn ceilings remain and the exterior concrete shows minor wear, the overall condition is well-maintained and functional for immediate occupancy or rental.
The property offers a balanced mix of stable commercial income from a long-term retail lease and residential revenue from multiple units, reducing investment risk.
Situated on high-traffic Paramount Blvd with excellent freeway access, the property benefits from high commercial visibility and strong tenant demand in the heart of Downey.
Month-to-month residential leases provide immediate flexibility for rent adjustments, while the non-conforming unit offers a prime opportunity for ADU conversion or owner-user occupancy.
The presence of a non-conforming residential unit may complicate traditional financing and require additional capital to legalize or permit under current building codes.
Built in 1929, the property likely requires higher maintenance reserves and potential upgrades to structural or mechanical systems compared to modern developments.
Back on Market after Buyer could not perform! 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 ground-floor retail occupied by a tenant with 3+ years remaining on a NNN lease, plus a 1-bedroom residential unit above. The rear building offers two stacked 2-bedroom residential units with one unit delivered vacant. All residential tenants are currently month-to-month, allowing investors 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: Street-front retail with 3+year lease + 1-bed unit above •Rear building: (2) 2-bed units •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.
No exterior & parking available.
No sensitive facilities data found.
Oct 31, 2025
$1,350,000
Initial Listing