CA > Paramount
Paramount, CA 90723,16660 Paramount BLVD
Paramount, CA 90723,16660 Paramount BLVD
Paramount, CA 90723,16660 Paramount BLVD
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,800,000
Est. payment /mo
1.67 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25133167

HOA Y/N No

Year Built 1973

Lot Size 1.671 Acres

Property Sub-Type Office

Property Description

The subject property is a 3-story office building located at 16660 Paramount Blvd. in the city of Paramount, CA. The property is a ±45,900 SF off-campus medical office property situated on ±1.67 acres of land. The building was built in 1973 and is currently 100% occupied by a mix of medical and office-oriented tenants with a master lease in place with Kinder Healthcare until March of 2026.

This property is located only a block to the south of Paramount City Hall on Paramount Blvd, and is part of the Central Business District Area 1. Paramount Blvd. is a busy north-south arterial with approximately 25,670 VPD (DOT 2017). The property is also only ½ mile north of the 91 Freeway providing great freeway access. The site is rectangular in shape with approximately 340' of frontage along Paramount Blvd. and approximately 214' of frontage along E. 70th Street.

There are 107 parking spaces in a striped surface parking lot providing a parking ratio of 2.33 parking spaces per 1,000 SF. The roof type is flat built-up composition and it was recently replaced in December of 2020 (15-year warranty). Additionally, there are two elevators to serve this building.
This property is located in an ideal location for any company serving the Los Angeles and Orange County market area and is priced competitively
for either an owner/user, an investor, or a developer who would want to redevelop the site.

Location

State CA

County Los Angeles

Area Rk - Paramount South Of Somerset

Zoning C3

Interior

Fireplace No

Laundry None

Exterior

Roof Type Composition,Flat

Total Parking Spaces 107

Building

Lot Description Corner Lot, Level, Near Public Transit, Paved, Rectangular Lot

Story 3

Water Public

Others

Tax ID 7103025024

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Matthew Wenzel • Marcus & Millichap • matthew.wenzel@marcusmillichap.com

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