17
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$5,800,000
Est. payment /mo
1.67 Acres Lot
New
16660 Paramount BLVD Paramount, CA 90723
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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.
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
Listed by Matthew Wenzel • Marcus & Millichap • matthew.wenzel@marcusmillichap.com
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